The key is to be a long-term participant in the growth of the market. A properly diversified portfolio has historically given investors the best opportunity to meet their long-term financial goals.
Don't be tempted to try and time the market and guess the next move higher or lower.
I can assure you, the market will have pullbacks in the future. Stay focused on the fundamentals of your investments and try to put the day-to-day "noise" of the market behind you.
When you retire 10, 20 or 30 years from now, this week's important news will seem insignificant.
I believe the real story these milestones tell is the creativity and productivity of the free market should not be underestimated.
Corporate earnings have grown tremendously over the years as companies have rushed to fill the demands of the consumer.
Many new products and services are introduced each year that have created revenue and profits that were hard to imagine just a few years earlier. For instance, I am writing for the first time from my iPad.
Where will the next driver of earnings and productivity come from?
We cannot clearly see the future, but I believe history points to continued developments and improvements in our standard of living.
We live in exciting times and we have a unique opportunity to participate and potentially profit as the future unfolds.
Disclaimer: Securities and advisory services offered through National Planning Corporation (NPC), member FINRA/SIPC, a Registered Investment Adviser. Fourth Avenue Financial and NPC are separate and unrelated companies.
John Burdette is a financial adviser at Fourth Avenue Financial in South Charleston. Contact him through the Daily Mail at: busin...@dailymail.com.