Wealth Management - Fourth Quarter 2020 Review

Posted by Will Burnett on Feb 1, 2021 10:03:35 AM

Owner Resource Group is pleased to provide the following wealth management insights from Round Table Wealth Management.

Fourth Quarter 2020 Review

We would like to first acknowledge and offer our heartfelt condolences and thoughts to those that lost loved ones or suffered economic hardship during this ongoing pandemic. It was a year like no other. Winston Churchill once said, “If you are going through hell, keep going.”  We agree: stay safe, stay positive and keep moving forward. We hope you had a reflective New Year’s and join us in looking forward to 2021 and beyond.

Despite the economic lockdowns of 2020 and emotional hardship, the capital markets performed admirably with the S&P 500 increasing approximately 18.4% by year-end and nearly all equity styles generating positive performance. Many of the risks that we highlighted throughout 2020 have dissipated: COVID-19 vaccines are being developed and deployed, stimulus measures are being passed to provide necessary funds for families across the country and the Presidential election has been decided and finalized. We are currently more optimistic than we were at this time last year and will remain constructive on markets near term. We are pleased with the performance that client portfolios generated and the tactical maneuvers we initiated to manage risk at the most concerning of times. Today, portfolios are largely unhedged as we are cautiously optimistic entering 2021.

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Topics: Wealth Management