Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, discusses Jim Cramer’s statement that diversification is your enemy in this month’s Matt’s Minutes clip!

• 0:36 Diversification was not your friend in 2023
• 0:46 S&P 500 is cap-weighted
• 1:15 Five companies accounted for 25% of the market performance
• 2:02 Why was the year so tough?
• 2:23 2022/2023 Market/environment perspective in graphs
• 3:15 Trends RB is looking at
• 4:08 Broad benchmarks review
• 4:34 Market concentration in S&P 500
• 5:49 Should you still own equities moving forward?
• 6:00 S&P 500 returns in past election years
• 6:43 Other factors to be considered
• 7:40 Smoother Ride strategy & other ways to help lower risk

Or check out the Closed Captions here!

Sources:

Research Reports

YCharts

https://www.cnbc.com/2023/11/21/a-handful-of-stocks-led-the-market-in-2023-heres-why-we-still-own-35.html

https://engage.amg.com/i/rNGZeeDyofxXyPskrioXj5npJQZ5NU85GTCBgFbS8GkDni___HqP2P91rkDEWyNW2bufK3XoOucIbTzF00ITduFFrBr8kMFWvyPLUSSIGNvy5kUI___yZHHVdYBoThvYvQPYHMmjdenJX___9iPLUSSIGNBupQ8q9n___oAFxqID4bOPMn1pPERo0dWnjFcN4EQUALSIGN?initialDoc=37481e1c-aaae-46d6-be09-1dfcd1cb9854

https://www.cnbc.com/2023/11/01/fed-meeting-november-2023-.html

The commentary in this video reflects the personal opinions, viewpoints and analyses of Richmond Brothers employees, and should not be regarded as advisory services provided by Richmond Brothers, and are subject to change at any time without notice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Past performance is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Richmond Brothers, Inc. does not provide tax advice.