The stock-market rally presents a difficult choice for some individual investors: Miss out, or risk getting in at the top.

The scars of the financial crisis have left many wary, even as the second-longest bull run in S&P 500 history has added more than $14 trillion in value to the index since it bottomed in March 2009, according to S&P Dow Jones Indices. Yet there are signs that caution is dissipating.

Investors have poured money into stocks through passive mutual funds and exchange-traded funds in 2017, with global equity funds posting record net inflows in the week ended March 1 in data going back to 2000, according to fund tracker EPFR Global. …

...retiree, Peter Gallavin, 72, of Grand Rapids, Mich., says that while he is concerned about President Donald Trump and what his policies may do to the market, he is still investing in U.S. stocks through mutual funds.

“I can’t imagine anyone who isn’t concerned” about the stock market, says Mr. Gallavin. “Just the general uncertainty about what the new administration is going to do causes me concern.”

But Mr. Gallavin, who previously worked for General Motors Co. and as regional personnel director at Delphi Corp., says those concerns haven’t led him to alter his investments. Retired for 10 years, he has about 60% of his portfolio in mostly U.S. stock mutual funds.

“I’ve been investing in the market for long enough to know that sooner or later after it comes up, it’s going to go down, but when that may or may not happen none of us know,” he says.

His adviser, David Kudla, founder, chief executive and chief investment strategist of Mainstay Capital Management, LLC, of Grand Blanc, Mich., has been bullish on U.S. stocks since the election because he expects less regulation, plus tax cuts and infrastructure spending.


If you would like a copy of the complete article, please send an email request to This email address is being protected from spambots. You need JavaScript enabled to view it., or call toll-free 1-866-444-6246. If sending an email request, please include the following: title and date of article, and mailing address.

Important Consumer Disclosure

Mainstay Capital Management, LLC is an investment advisor registered with the Securities and Exchange Commission. Due to various state regulations and filing requirements, Mainstay and its representatives may only provide investment advisory services in those states in which it is first appropriately registered or otherwise exempt or excluded from registration requirements. The purpose of this website is to provide the public with general information about the services offered by our investment management firm. Mainstay does not render personalized investment advice or services or effect, or attempt to effect any securities transactions, on this website. Our firm continuously monitors its filing requirements in all states, and will provide individualized advisory services only in accordance with various state regulations. Mainstay does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to Mainstay's website or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.