On March 20, 2020, just 3 days before covid crash reached its bottom, I wrote about how S&P 500 valuation was at the cheapest level unseen for decades, at least based on my own metrics. I published it on Linkedin and our website.



Any investors might rarely see such an opportunity in their investment lifetime. Readers who followed this call would have doubled their money just by investing in S&P index ETFs (SPY or VOO) over the past 2 years. Our clients, of course, fared better than that within the same period. None of our clients reduced their investment in that time period. Going back a little bit to pre-covid level by the end of December 2019, the total return still would have been great.


Compared to previous crises, covid crash provided similar 1-year and 2-year recovery results for the S&P 500.


Today, the U.S. and global stock markets are not that cheap anymore. Stock prices are also under pressure amid the expectation of the Federal Reserve rate to increase several times in order to combat high inflation and the uncertainty of the Russian war. Fortunately, we have quality high growth stocks and defensive stocks in our portfolio to manage the risk. We believe that investors have the opportunity to obtain long-term superior performance with our Signature portfolio strategy. 

Interested to onboard as a Christmas Corp client? Join now and start a journey with us!