Can Everything Be Down for The Year? Um, yeah.

As of the end of November, ninety percent of asset classes tracked by Deutsche Bank were down.

Sixty-three asset classes are on track for a down year. That is a record, and that’s quite a record. It beats the record from like eighty years ago when they had like thirty some asset classes. Anyway, ninety percent.

Most of the way through December and it’s still on track.

It’s also trending to be the first year in twenty-five years when both stocks and bonds went down.

Stocks have gone down sharply a couple of times this year, earlier in the year and in October and December from their highs.

Yes, they’re negative for the year, somewhere between 5 and 10 percent depending on when you are reading this. The year’s not over, we don’t know how it’s going to end up, it might end up being really bad. Or not.

It hasn’t been down much in a long time, though the S%P 500 has been down from its highs 9.8% or more 8 different times since 2010, including recently. So yes, unless your accounts are all in cash, they are probably down because stocks and bonds and practically everything else is down.

It’s okay, and you’re going to get past it. Next year is another year. Don’t freak out, don’t make any big changes unless you analyze what you are doing and it’s wrong. Don’t just think you have to be doing something wrong, because sometimes it just happens.

If you are concerned, it might be a good idea to get a second look.

Mike Garry, Yardley Wealth Management. We are a fiduciary, fee-only financial planning, and wealth management firm in Newtown, Pennsylvania. That’s in Bucks County. If you’d like to talk about this or anything else, please reach out: 267-573-1019, or @michaeljgarry

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About the author

Michael J. Garry, CFP®, JD/MBA
Michael J. Garry, CFP®, JD/MBA

Michael Garry is a CERTIFIED FINANCIAL PLANNER™ practitioner and owner of Yardley Wealth Management in Yardley, PA. Michael is a NAPFA-registered Financial Advisor. He is a member of the National Association of Personal Financial Advisors (NAPFA) and the Financial Planning Association (FPA).

Michael recently published his first book: Independent Financial Planning: Your Ultimate Guide to Finding and Choosing the Right Financial Planner

Michael is a frequent expert contributor to financial publications, and has also been quoted in The Wall Street Journal, USA Today, Money Magazine, Kiplinger’s,,, Consumer Reports Money Advisor, Investment News, The Bucks County Courier Times, Financial Advisor, and other periodicals;

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