2019 has gone by in a blink of an eye. It has been a tumultuous year in the market, filled with the uncertainties of geopolitical events such as the U.S.-China trade war, the UK (still) leaving the EU, and the now-withdrawn extradition bill that sparked months of unrest in Hong Kong. These events caused some investors to sell off, waiting on the sidelines for a golden opportunity to re-enter the market at a better price.
As a result of that, those investors missed out on a good year, especially in the U.S. In 2019, the S&P 500 has a year-to-date return of 28.58%:
Source: YChartsWhich brings us to some key lessons we can takeaway from the year that just passed.
1. It’s impossible to predict the marketEarlier in the year, investors expected the U.S. economy to slow down as a result of the trade war
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