2024 Q3 Newsletter

“Ignore the Noise!”
One of DEM’s Four Pillars of Investment Success

As summer fades into the most glorious season of all (football season), we will soon find ourselves bombarded with news, ads, and commentary about the upcoming Presidential election. The market will likely be volatile as new polling data favor one candidate or the other. But as the graph below clearly shows, US equities have continued their relentless upward march regardless of the party or administration in power, turning $1 into over $10,000 during this century. If there were ever a time to “Ignore the Noise," now would be it. Go Jags!

Past performance is not a guarantee of future results. Indices are not available for direct investment. Their performance does not reflect the expenses associated with the management of an actual portfolio. In USD. Growth of wealth shows the growth of a hypothetical investment of $1 in the securities in the S&P 500 index. S&P data © 2024 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Data presented in the growth of wealth chart is hypothetical and assumes reinvestment of income and no transaction costs or taxes. The chart is for illustrative purposes only and is not indicative of any investment. Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. Investment products: • Not FDIC Insured • Not Bank Guaranteed • May Lose Value Dimensional Fund Advisors does not have any bank affiliates.

Don Davey
Senior Portfolio Manager
Disciplined Equity Management
Plan Appropriately, Invest Intelligently, Diversify Broadly, Ignore the Noise