The misery of being an Eagles fan.....


Post by: Valley Financial Group

Philadelphia's hopes and dreams for the fall and winter lie with the success or failure of its hometown Eagles.  It's Groundhog Day around this house.  Green is everywhere.  I'm thinking about spray painting my 4 kids' hair red or strawberry blond, not sure exactly what Carson Wentz hair color actually is, but he is going to take us to the Promised Land just like Sam Bradford, Nick Foles, Michael Vick, Donovan McNabb, Jeff Garcia, Koy Detmer, Rodney Pete, Bobby Hoying, the other Detmer, Jim McMahon, Randall Cunningham, and Ron Jaworski were going to.  I probably missed one or two but they didn't win us anything either! Not that memorable! 

The last two times the Eagles were in the Super Bowl was 1980 & 2004!  Jaws threw a ton of interceptions and McNabb puked, literally threw up in a real game, the Super Bowl, and he is still upset that a handful of crazy fans booed him on draft night.  Who should be mad at who after that game?

Anyhow, this is supposed to be a financial blog, so if anyone is wondering how the S&P 500 ( that is the investment benchmark everyone seems to like to compare their portfolios to) finished the years the Birds lost in those 2 Super Bowls.  In 1980, the S&P 500 finished at 135.76 and in 2004, it finished at 1,211.92 (  Today it is at 2,476.55!!  Think about that growth.

Many of our own personnel accounts have not had this type of performance.  There are many reasons why; not invested solely in the index, timing, noise (media, neighbor & family members, etc) and we don't have a crystal ball.  However, according to Vanguard a diversified portfolio of 60% stocks and 40% bonds have averaged historically about 8.7% ( ).

What the S&P 500 performance may tell us is, “it's time in the market not timing the market” and a diversified portfolio should make you believe despite everything that happens (elections, recessions, protest, war, gas prices, etc.) over time if you stick with your plan and review the plan positive results should occur!

Now for the Eagles, hopefully Carson Wentz takes the Eagles to the Promised Land.  However, the road to a Super Bowl victory is most likely going to take time and I have no plans on not believing that he and the team can't do it!  The result may not be as positive as a diversified portfolio over time, but the alternative is much worse and that is being a Cowboys or Giants Fan. Go Birds!