The S&P hit a new high on Monday, then fell back into its trading range the rest of the week. We'll have to get out of this range (see chart below). 4 of my 5 investments closed at new highs on Monday, so all good there! I bought QQQ on Monday for a swing trade and I'm currently showing a modest gain with a stop set at a very minor loss. We'll see what next week brings as the 2nd Quarter comes to close on Friday!
“Tell the truth. Sing with passion. Work with laughter. Love with heart. ‘Cause that’s all that matters in the end.” ~ Kris Kristofferson
¨The past is behind, learn from it. The future is ahead, prepare for it. The present is here, live it.¨ - Thomas S. Monson
A good article of how to invest in this current market.
A good article for those wanting to achieve Financial Independence and retire early.
A good article that makes you think about carrying debt in retirement. I'm glad I have no debt, but can't believe the amount of retirees that still have a mortgage!
“The secret of change is to focus all of your energy not on fighting the old, but on building the new.” ~ Dan Millman
“Everything can be taken from a man or a woman but one thing: the last of human freedoms to choose one’s attitude in any given set of circumstances, to choose one’s own way.” ~ Viktor Frankl
“Don’t place your mistakes on your head, their weight may crush you. Instead, place them under your feet and use them as a platform to view your horizons.” ~ Author Unknown
I saw this posted in an investment group and thought it worth sharing:
HIGH EXPENSE FUND:
If a mutual fund charges 1.2% & returns 8%/year < expenses
- in 10 years expenses eat 25.7% of your return on investment (ROI)...
- in 25 years, 36.4% gone of your ROI.
LOW EXPENSE FUND:
If your fund charges 0.6%, 8% ROI/year < expenses
- in 10 yrs. Expenses consume 10.3% of your profit.
- 25 yrs., 16.3% of your ROI.
- charges 0.05%, 8% ROI as above consumes only 0.9% ROI & 1.5% in 25 years.
That's compounding. It's invisible, but avoid this and have more later in life. I stay index long term.
Source: Kiplinger 7/17
Very important to keep your costs low!
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Disclaimer: Information on this website is to be used for educational purposes only. Information found here are personal opinions and not advice from a professional financial advisor or broker. All trading and investing comes with risk!