Perspective :

Happy 15th Year Anniversary: March 9th, 2009

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Where does the time go? It’s been 15 years since the U.S. stock market hit its lowest point during the Global Financial Crisis, and for those in the investment industry at that time, it was a period in our careers that we will never forget. Watching the market during that time was not for the faint of heart. The daily volatility was fierce, and many seemingly credible voices were calling certain days the bottom, the beginning of more pain, or even worse. There was a recurring joke that the only two positions that worked during that period were either cash or the fetal position.

Clients were calling advisors and demanding “Don’t just stand there.  Do something!  Anything!”

No one knew when the market would hit its rock bottom. There was no email from Ben Bernanke or Warren Buffet giving investors the all clear sign. However, long-term investors who worked with their advisors and stuck to their financial plan have been rewarded with an impressive run in U.S. equities.

Investing requires a certain amount of optimism about the economy, the markets, the overall system, and, more importantly, the future. Without this optimism, long-term investing is nearly impossible.

So, on this March 9th, let’s acknowledge the last 15 years and recognize the remarkable path for those who stayed invested since that day.

Important Disclosure Information

Past performance is no guarantee of future returns. Performance shown represents total returns that include income, realized and unrealized gains and losses. Nothing presented herein is or is intended to constitute investment advice or recommendations to buy or sell any types of securities and no investment decision should be made based solely on information provided herein. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Frontier is not responsible for any trading decisions, damages or other losses resulting from this information, data, analyses, opinions or their use. Diversification does not ensure a profit or protect against a loss. All performance results should be considered in light of the market and economic conditions that prevailed at the time those results were generated. Before investing, consider investment objectives, risks, fees and expenses.

This information has been prepared by Frontier based on data and information provided by internal and external sources. While we believe the information provided by external sources to be reliable, we do not warrant its accuracy or completeness. Nor should their use be construed as an endorsement.

S&P 500: Represents US large company stocks. It is a market-value-weighted index of 500 stocks that are traded on the NYSE, AMEX, and NASDAQ.

It is generally not possible to invest directly in an index. Exposure to an asset class or trading strategy or other category represented by an index is only available through third party investable instruments (if any) based on that index.

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