Rock Point Advisors is a wealth advisory firm focused on helping clients make sound financial decisions and take advantage of the benefits of long-term investing. We are dedicated to managing portfolios in the context of plans carefully developed with our clients.
Since our founding in 2004, our financial planning and investment management efforts have been guided by our fiduciary duty to our clients and our belief that doing what’s right matters. We work hard to deliver practical advice and responsible investing to help clients achieve their goals.
With the stock market rally some fifteen months past the Covid collapse, we assess where things stand and contemplate what lies ahead. Stocks and bonds appear to be in the midst of a growth scare, which shaped the past quarter’s returns.
We entered the year with optimism. We believed a combination of government stimulus and an effective vaccine rollout would support an already strengthening economy and would engender increasing confidence in still-wary investors. Many seemed to be on the fence, awaiting the outcome of the Georgia Senate races and wondering how they would impact the balance of power in Washington.
GameStop does not have a vaccine for Covid, nor has it created software that magically makes our lives better in some way. It is a chain of 5,000+ stores that sell new and used video games. The company is a year older than Blockbuster, and almost as useless in today’s world where it is easier to purchase games over the internet.