2023 The Year In Review
Hello everyone! Happy 2024 and welcome to the January edition of the Boodle blog! We hope that you enjoyed the holiday season, and we thank you for your membership with boodle.
We use these blogs as a financial tool to assist you in learning how to manage and grow your portfolio as well as your knowledge. At boodle, we believe that the person best able to manage your money is you, and we show how to grow your money successfully over time. If you haven't joined boodle yet, reach out to us Contact Us — goBoodle and get started today!
In this month's blog we will take a look back at 2023 and see what we can learn from the past,and apply that knowledge to help make us better investors!
January of 2023 was a tough but hopeful month for boodle and its investors. We were coming out of the 2022 bear market which saw equities slip by more than 20% and boodle was looking for opportunities for its members to keep them in as positive a mood as possible.Towards the end of January 2023 we started to see economic indicators that pointed to a more positive outlook for 2023 and we shared this news with our clients in the January 2023 blog.
By February 2023, we finally started to see additional indicators telling us that the year 2023 would be positive, and it was this month that we told our members to go into the markets and they should see noticeable appreciation in their portfolios. This was a very good, contrarian call by boodle and we thank our hard working team, and years in the market for this positive call.
By March, boodle continued to swat down calls for a recession in the US and we maintained our bullish call on equities from November of 2022.By Summer of 2023 the market continued to exhibit strength as it discounted all of the negative reports on interest rates, recession, and the Fed.
When all was said and done, 2023 turned out to be a very good year for boodle and our members. The DOW ended 2023 with a gain of 13.70%, while the S&P 500 added 24.23% for the year. The index that won the year was the NASDAQ Index which finished 2023 with a 43.42% advance!
Boodle often looks for opportunities, where others see risk. We temper the expectations of our members, while helping them understand the machinations of the stock market.
So, all in all boodle members enjoyed excellent gains in 2023, and with a Presidential election looming our way for 2024, we expect this year to be another rollercoaster year for the economy and the stock market. Next month, Boodle will offer our opinion on what we can expect in 2024. Until then, continue to follow your investing strategy, and follow Boodle for all things financial. Have a wonderful 2024 in the Market! We look forward to seeing you here in February!