Q1 2020 Market Review

Tuesday, April 28, 2020 7,049 views

Mark Hebner summarizes the market's performance during the first quarter of 2020 and demonstrates the difficulty in picking the next asset class winner.


The Hebner Model: https://www.ifa.com/charts/157h/

This video is a service of Index Fund Advisors, Inc. ("IFA"), a Registered Investment Adviser. This is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, product or service. There is no guarantee investment strategies will be successful. Investing involves risks, including possible loss of principal. Indexes are not available for direct investment and performance does not reflect expenses of an actual portfolio. Unless indicated otherwise, the performance includes reinvestment of dividends and capital gains but do not include the deduction of IFA's advisory fees, transaction costs or taxes. IFA Index Portfolios are recommended based on time horizon and risk tolerance. Take the IFA Risk Capacity Survey to determine which portfolio captures the right mix of stock and bond funds best suited to you. Allocations and holdings are subject to change. IFA Index Portfolios are labeled with numbers that refer to the percentage of stock indexes in the asset allocation, as opposed to the allocation of bond indexes. For example an IFA Index Portfolio 90 is 90% IFA stock indexes and 10% IFA bond indexes. Please see indexdescriptions.com for more details on the construction and historical data of IFA Index Portfolios. See ifabt.com for backtested info and disclosures.

Performance results for actual clients that invested in accordance with the IFA Index Portfolio Models will vary from the backtested performance due to the use of funds for implementation that differ from those in the index data, market conditions, investments cash flows, mutual fund allocations, changing index allocations over time, frequency and precision of rebalancing, not following IFA's advice, retention of previously held securities, tax loss harvesting and glide path strategies, cash balances, lower advisory fees, varying custodian fees, and/or the timing of fee deductions. Tax liabilities will vary per investor and can result from various activities in taxable and tax-deferred accounts. These activities include, but are not limited to rebalancing of portfolios, any sale of securities, tax loss harvesting, interest, dividends and capital gains distributions from equity funds and individual securities in taxable accounts. There are also tax liabilities associated with distributions from tax-deferred accounts. Not all IFA clients follow IFA's recommendations and depending on unique and changing client and market situations, IFA may customize the construction and implementation of the index portfolios for particular clients. IFA provides various index portfolio implementation strategies, such as the use of tax-managed mutual funds, global extended maturity bond funds, municipal bond funds, social or sustainable screens added to funds, diversified portfolios of various index fund providers, use of core funds or global asset allocation funds. These various implementations of IFA Index Portfolios will likely have risks and returns that vary from the IFA Index Portfolio Models. As the result of these and other variances, actual performance for client accounts have been and are likely to be materially different and may be less than from the results shown in the IFA Index Portfolio Models. Clients should consult their account statements for information about how their actual performance compares to that of the index portfolios and ask your IFA Wealth Advisor to explain any differences.

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