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Archive by author: Steve Phillips, CFP®Return

Steve joined the DHG Wealth Advisors (DHGWA) team in 2021 as a Financial Advisor. He is passionate about providing holistic, goals-based wealth management to clients. He has more than fifteen years of experience in the financial services industry and graduated magna cum laude from Western Michigan University with a degree in finance. He has earned the CERTIFIED FINANCIAL PLANNER™ certification.

Prior to joining DHGWA, Steve served as a Senior Wealth Management Advisor to high-net-worth clients, managing a book of business in excess of $250 million.

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Stay Steady

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Stay Steady
After several strong years for equity markets, 2022 has begun with increased volatility, namely surrounding issues of higher-than-expected inflation, supply chain issues and more recently, tensions that have developed into conflict between Russia and Ukraine. It is understandable to feel fear when turning on the TV and seeing the constant “Breaking News” headlines as markets experience downside volatility. As of yesterday, February 23, 2022, the S&P 500 is down over 11%, officially putting domestic stocks in correction territory to start the year. While this is not a pleasant experience, it is important to note that the recent downside movement in markets comes after domestic stocks continued to hit all-time highs throughout 2021. Domestic equity markets have still returned more than 10% over the past year, even when including the recent selloff. And those returns look even stronger when analyzing trailing returns over the past three, five and ten-year periods.Recently,...
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