October 04, 2021
With the recent market volatility, we are reminded of the important lesson of market timing. Missing the 5 best days in the dated period below, a $500,000 portfolio would have grown to $2,730,608 (annualized return of +7.1%), instead of $4,219,644 (annualized return of +9.0%) staying fully invested. This represents an incredible $1.5 million difference in value for the nearly 27-year period.
Source: Strategas Research Partners, S&P 500 Index. The S&P 500 Index is unmanaged and cannot be
invested in directly. For illustrative purposes only. Past performance is no guarantee of future results.
Maryland Capital Management, LLC.
Last updated October 2021. This material has been prepared solely for informational purposes and is not intended to provide, nor should it be relied upon for, accounting, legal, tax, or investment advice. The information provided herein has been obtained from sources we consider reliable, but we do not guarantee its accuracy or completeness. These materials are subject to change, completion, or amendment from time to time without notice, and Maryland Capital Management, LLC. (“MCM”) is not under any obligation to keep you advised of such changes. The views expressed are those of the author as of the date referenced and are subject to change at any time based on market or other conditions. Past performance is no guarantee of future results.