Thought for the day, plus some posts on the Stock Market, Finance, Politics, and Life!
An ugly week in the markets! The S&P is now in correction territory after closing yesterday -12.76% below it previous high close (see chart below)! However Friday's hammer style candlestick looks like it could be a bottoming sign, so we may get a pop up next week (I hope)! All we can do is have our proper allocation in place and ride through the storm. I made some portfolio changes this week taking advantage of pullback by selling all my Total Stock in my taxable account since the capital gains were less due to the pullback. I now just have 2 funds in my entire portfolio: I'm 58% Vanguard Wellington Fund Admiral Shares (VWENX) and 42% Vanguard Intermediate-Term Treasury Index Fund Admiral Shares (VSIGX) in all my accounts. This gives me about a 37% stock/ 63% bond allocation which matches my risk tolerance and also gives me more than enough income from dividends and capital gain to supplement my retirement without touching the principle!
“Life isn't about waiting for the storm to pass... It's about learning to dance in the rain.” - Vivian Greene
“Stop holding on to what hurts and start making room for what feels good. You are not what happened to you in the past. You are now, you are this moment. What will you do with it? Who will you choose to become?” ~ Robert Tew
“It’s better to bite your tongue than to eat your words.” ~ Frank Sonnenberg
“Never think that what you have to offer is insignificant. There will always be someone out there that need what you have to give.” - Unknown
“A bird sitting on a tree is never afraid of the branch breaking, because her trust is not on the branch but on its own wings. Always believe in yourself.” – Unknown
“All that we are is the result of what we have thought. If a man speaks or acts with an evil thought, pain follows him. If a man speaks or acts with a pure thought, happiness follows him, like a shadow that never leaves him.” – The Buddha
The S&P closed lower this past week, but only after it put in a new intraday high of 3393.52 and new close of 3386.15 on Wednesday 2/19/20 (see chart below)! Just enjoy the ride, since nobody knows how long this bull market will last.
"Confidence doesn't come from winning, Winning comes from confidence. And confidence comes from hard work." - Vijay Singh
“Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.” -- Booker T. Washington
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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!