May 2021 Market update


The Dow Jones Industrial Average was up 2.7%, bringing its total for the year to a 10.7% return.

The S&P 500 was up 5.2%, so it has gained 11.3% so far in 2021.

The NASDAQ was up 5.4% in April, and is up 8.3% so far this year.

And the Russell 2000, the Small Company index, was up 2.0% last month, and has returned 14.7% in the first four months of this year.

In the parable that Jesus told, about the master who gave his slaves talents (or money) to invest, where the one with 10 talents went out and made ten more, and the one he gave 5 talents to went out and made five more, those are the people we, at ProVest, want to work with. If you identify more with the slave who buried his talent and just returned that one talent to his master because he was afraid of losing it, well, the guy that sells “fear of the stock market” is the one you need to talk to.

If you’re an optimistic person, if you have invested for your future with happiness and hope, you’re the client we want. If you’ve been looking for an advisor who walks the walk of real capitalism, not just talks the talk, then write down our number (864-582-7766) and give us a call.