Thought for the day, plus some posts on the Stock Market, Finance, Politics, and Life!
“Happiness does not depend on outward things, but on the way we see them.” ~ Leo Tolstoy
S&P +13.07, DOW +11.15, Nasdaq +16.49.
My portfolio +7.38% with a 40% stock/ 55% bond/ 5% cash allocation. Doing a 34 year backtest on my portfolio, it shows I would have had a -15.89% drawdown in a month with the best year of +13.98% and worst year of -7.89%. Since capital preservation is important to me in retirement, I need to decrease my stock exposure just a little this year, and up my bond exposure a little to get the drawdown a little bit less.
The S&P closes out the 1st Quarter of 2019 up +13.07%! After chopping sideways for just over the past 2 weeks, it closed yesterday above the 2820 resistance level (see chart below). Lets see if that level can hold as support next week.
"Don't let the noise of others' opinions drown out your own inner voice." — Steve Jobs
"Any man who reads too much and uses his own brain too little falls into lazy habits of thinking." - Albert Einstein
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“Because I have known despair, I value hope. Because I have tasted frustration, I value fulfillment. Because I have been lonely, I value love.” ~ Leonard Nimoy
"Wealth is the product of man's capacity to think." – Ayn Rand
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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!