Have you heard about Coronavirus yet? If not, you must be living in a remote Forest without a cell phone. Let’s try to forget the last few months look forward to April. Business industry is being shut down more and more each day.
The question of the day is how long can we keep our country closed up until we are past a point of no return. Sorry to be so negative but it is how I feel.
What happens with your finances if you don’t have any income coming in but you have bills that keep coming in and you keep adding your costs of living to your debt. Someday your line of credit will run out and then what? If you have never been in massive debt problem’s I can tell you it is no fun at all. We need to get our Economy up and running soon.
We have two boys that keep eating a ton of food and it seems like some people give me looks like they are mad at me for being out buying groceries. Some like dive away from you. They are out shopping also so what is the big deal. We still need to eat.
I have talked with many people with different views. A lot of my friends do believe we need to get businesses back open. One guy said yesterday that he was shot at in Afghanistan and didn’t die, if he dies from some flu bug then it was his time. Another friend is a Pastor and gave a sermon about how many people die each year from other things from Flu, Heart Attacks, etc. He had a lady yell at him for not wiping down his grocery cart before shopping and he told her that he has the blood of Christ on his side. My wife works in the Grocery Business so she is worried about it and is constantly cleaning with Lysol wipes on anything we touch. There are many different views right now and can be a hot topic not to talk about. For me it is numbers and percentages, I feel we need to get businesses back open or our country could really be in bad shape in the future. Just my thoughts.
These ugly months are not fun to talk about but I need to talk about the ugly months along with the good months to show we are all human. Everyone has different situations and investments but hopefully this blog gives you ideas on ways to improve your situation. Even though it is for entertainment purposes only. I know we are so thankful that we live Debt Free and have one steady income right now since our Investments could be paying out less for a while till our economy recovers from this.
When it comes to our Stock Market monthly thoughts, I like to read a lot of information from many different sources. I have narrowed down my readings to trusted advisors. You can get confused and lost if you try listening to everyone out there. There is a lot of noise for sure. This blog is in no way giving you any financial advice or legal advice or health advise. You need to see a professional for that. That is my disclaimer for all my blogs and this one also.
Some of the sources we like to read info from Fidelity Investments, Charles Schwab, Bob Brinker Report, Zach’s, Fisher Investments, American Association of Individual Investors (aaii), The Independent Advisor for Vanguard, My brother, A few friends and my Dad. Below are my January Stock Market thoughts and where we are invested;
I sure hope this is a temporary thing and the markets bounce back. It is no fun when the market seems to be sliding downward everyday and in some big numbers.
There will be months and years down and months and years up. I still feel the long run will be positive and we will have a comfortable retirement in Arizona. I just hope it is the normal rollercoaster of the stock market and nothing more. I try my best to check my accounts once a month so I don’t drive my nerves crazy by daily ups and downs. Another reason I like Dividend stocks.
I don’t think we will ever see Fake News end. We may always hear some of the truth and some fake stuff in the news. Hopefully people won’t react and just leave the money in stocks. Remember stocks is a long-term vision for most. But I see a lot of volatility the next few years.
For sure it isn’t fun when stock values are down, but remember that the stock market in the past has been like a roller coaster of going up and down but over time it has gone up more than down.
I look at all the people out driving cars, spending money, going to work and those are all good signs of a good economy. Not to mention down here in Arizona there is major growth of Office Buildings, Job openings and houses being built. That means to me a strong economy.
My stocks in my Brokerage Account are all dividend stocks and I am in it for the long run. I am hoping to live off the dividend in to my 70’s. Even though a Financial Adviser tried talking me out of taking Social Security till age 70, I am still planning on waiting till age 70. I have done up a new projection for our family plans taking us to age 95. If you want to see it let me know. What are your plans?
Dow Jones Industrial Average (DJIA) 21,917.16 on 4/1/20, 25,409.36 on 3/1/20, then was 25,928.68 on 4/1/19. It was down over a year ago 4,011.52 or down15.47%. Ouch… If you see the chart of the last 12 months it looks like a wild roller coaster ride.
I know there are many different sources of investment opinions out there. They all say they are the best. You can find some that say dooms day is coming and some say buy now the market is going high. Who knows, I like aaii, Bob Brinker, Fidelity, Charles Schwab, Angels and Entrepreneurs network and Zach’s for my blended info on the market. I feel if I take any more info in it can get even more confusing.
My kids I would love that they grow up debt free and invest in companies that seem safe and long term. If I could only go back in time and invest all my money I made as a kid into Microsoft. Another dream of mine. I could be living quite well just off the dividends.
At my age I am getting less risky and more into conserving our money to last us during our retirement years. It could be the wrong strategy but that is what we are doing currently. Things could always change in the future or once the boys move out.
People want to make more money each year so the companies need to make more money each year and to keep growing. So, I am positive for the outlook in United States companies. What are your thoughts?
We pray that Coronavirus will be come to a end and they find a cure and vaccine for it. We don’t want to see any more people get sick or die from it. Keep thinking positive thoughts.
Here is a positive quote I like; “Remind yourself daily that there is no way to happiness; rather, happiness is the way.” ― Wayne W. Dyer, Change Your Thoughts – Change Your Life: Living the Wisdom of the Tao
Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
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