The Redfish 411 - December 2021
Updated: Aug 16, 2022
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Hello everybody and welcome to another edition of Redfish Healthy, Wealthy and Wise. this is Brad Murrill it is 1:37 on the 15th of December and I think this is most likely unless something weird happens the last podcast of this year I believe we're on episode #24 so I'm looking to start out 2022 with kind of a benchmark podcast being episode #25 but we're not there yet let's stay on episode #24 what I wanted to do is real simple here is spend a few minutes with you kind of recapping the year that we had rather quickly but then spending most of the time on projections into next year because that's what everybody is talking about and that's what everybody asks me and frankly it's the most impossible question to answer but we'll get there so first let's go back real quick into 2021 first on the on the front here at the office this was a big year for us as we've increased our square footage by gosh 3/4 times what we used to have almost five times I guess than what we had so we've really increased our square footage quite a bit.
We've also increased our headcount tremendously as you may remember we brought on to Tawania Sykes who is the running the office I just refer her as queen T she's the one who's in charge you may think I am but I am not it is to one yet and she has just been an absolute superstar and having her here and taking care of everything that has to do with the office so that I don't have to do it we also brought in Tiffany Steadham and Tiffany she's currently studying her play office and then the two most recent hires, very excited these are on the side of Adolphus King who came from one of the larger accounting firms and he's now coming over here with us, he's going to help out Henry and doing tax returns and we also brought in Don Babbitt and Don will also be helping out with tax returns she's sitting for her CPA I believe in the springtime and Adolphus is sitting for the CPA exam probably in the fall to the latter part of 2022 but Don has an extensive background in bookkeeping from working with people who owned restaurants fast casual restaurants and McDonald's things like that straightening out all their books doing that to oil companies to finally spending a few years at the Klein Independent School district keeping the book looks for them so she's got a pretty amazing background and we're just we're blessed to have them both here as I think Henry last year he almost got overwhelmed we appreciate the business but it was almost the death of that boy and so we really beefed up the accounting side we're excited to have them on and then obviously the energy here in the office has increased quite a bit obviously we're busy but having more people running around like chickens with their head cut off trying to get everything done and completed for you has increased the energy level quite a bit.
As far as the markets are concerned we look back on 2021 the S&P 500 right now you know we're not we're not at the end of the year but we're up about 25% so we've had a whale of a Goodyear in the market especially when everybody was so scared and so nervous and honestly it's kind of a repeat going into this year but that may be just part of the norm but it seems like everybody was so nervous it was all COVID related last year and then we had delta variant and then we had italic ran and we had all sorts of different types of COVID that were coming around and that made the markets nervous so it was an extremely volatile year with a lot I don't want to call him corrections but we had a lot of up and downs in the 2% at lot 2% moves we had a 6% move to the upside in March a 4% down in may the first quarter was 2% it's moving up and down then we kind of ran through the third quarter up until about September the second where we reached 4500 boom down another I'm going to say maybe four or five percent possibly 6% and then right back up coming up in November we run right back up market drops market goes back it's it was it was a really volatile year the leaders this year in the S&P 500 were really just five companies five companies as of right now made up about 35% of the total return in the S&P 500 those five companies well as of this chart was December the 9th one of these companies is falling off so we're going to make it 4 at what Tesla was on here but Tesla when Elon Musk started selling off some of his stock it really pushed the stock down a little bit I believe they're down 20 to 25% off their highs but NVIDIA Google Microsoft and apple were responsible for the lion share the lion share the return of the S&P 500 in 2022.