Every four years we have a presidential election, and the runup to the election brings new (but really the same old) concerns: namely, “if he/she gets elected the market is going to tank big time.” The corollary, of course, is “should we get out of the market before the election
We’re entering election season at full-speed and with it comes much uncertainty and worry. Each side, of course, fears the election of the other’s candidate. But both sides face concerns about high interest rates, high inflation, runaway national debt, illegals overwhelming local resources, and bad guys freely crossing our southern
The past few newsletters have reminded us of the terrific rally we’ve enjoyed since September 2022, coming up on almost two years now. But the market, as the market regularly does, has contracted during the past few weeks, dropping from between 4% and 7%. As I write this newsletter the
What an amazing two months it was to end 2023. The market indexes rose in price by 14-21% (depending on which index one looks at), after dropping in price significantly between August through October. In fact, virtually all indexes have regained all of their lost ground during the market correction
President Harry S. Truman once said that “the only thing new in the world is the history you don’t know.” Today’s theme will illustrate the relevance of his comment to our current experience in 2023, and how understanding historical patterns can lead to building effortless wealth over time. First let’s
The last few newsletters have been about the conversion of accounts from TD Ameritrade to Schwab. With the conversion now in the rear-view mirror let’s focus on a couple of investing principles that seem to be top of mind for many investors. A long-time investing guru, John Templeton, is credited
We have just passed the mid-year mark of an utterly brutal year thus far in all sectors of the stock market. Despite evidence that inflation indicators are beginning to slow down and/or reverse their trends the market is telling us that we still are not out of the woods yet.
This is the question that all long-term investors are asking themselves or their advisors. For most companies that comprise “the market” this correction began in mid-November 2021, a little more than 7 months ago. But for some companies (namely, “growth” companies) their correction is now approaching the 1-year mark. The
I’ve written in the past about the three foundational principles of our Serious Money Approach. These principles, of course, apply to all investment seasons, but have special significance and provide comfort during periods of market stress. Our current market has been in correction mode for about five months now (with
Last month’s newsletter provided key thoughts to help us weather the current market correction. The correction is still with us, and I have some additional thoughts and comments to help us ride it out. First, let’s talk strategy. For the Serious Money Investor there are two correct strategies during a
After rising 114% from the bottom of the pandemic panic on March 23, 2020 the S&P 500 index topped out on January 3, 2022. Some indexes topped out even earlier. Regardless of when each index topped out the market is now in the process of correcting itself. The correction process
Long-term clients and readers of this newsletter will recall my occasional discussions of “LifeBoat Drills.” Unlike when you board a cruise ship and learn what to do in case of emergency, my LifeBoat Drills focus on what not to do in case of a market emergency. What’s a market emergency?
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