Business
“Nobody is an industry of one." - Peerview Data“...The S&P 500, or simply the S&P, is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.” - Wikipedia Why does talking about this matter? What does it have to do with financial planning?-Knowing what the S&P can be helpful if understood correctly, and harmful if understood incorrectlyThe S&P 500 was introduced by Standard & Poor's in 1957 as a stock market index to track the value of 500 large corporations listed on the New York Stock Exchange (NYSE) and the NASDAQ Composite.During its first decade, the value of the index rose to nearly 700, reflecting the economic boom that followed World War II.From 1969 to early 1981, the index gradually declined–eventually falling to under 300–while the U.S. economy grappled with stagnant growth and high inflation.During the financial crisis that has come to be known as the Great Recession, the S&P 500 fell 57.7% beginning in October 2007 and bottoming out in March 2009.By March 2013, the S&P had recovered all its losses from the financial crisis, and over the last decade, the S&P has climbed more than 400% to reach all-time record highs.Need help creating a plan?Visit oakmontadvisory.com/blueprint and sign-up for a 15-Minute call with an advisor