October Stock Market Thoughts

We are back on the Roller Coaster of the Stock Market for sure. We had been spoiled some the good months we have had since the big drop back in March due to Coronavirus.

If you watched the news this last month you heard all the bad press about the Presidential election, Black Lives Matters to Coronavirus. No wonder the stock market went down for the month. It would be hard to have confidence right now in our economy if you watch the news.

What I see here in Arizona is people out driving their cars. People out shopping. Stores are busy as ever here in Arizona. You would think our economy is doing great if you would see that and not the news.

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.

If you know people that are going through a tough time with their finances maybe suggest they buy a copy of my Book called “MONEY $ECRET$ TO MAKE YOU RICH”. Especially this year it is showing how many people are not prepared financially prepared for tough times.

We do enjoy these months were the stock market has some solid gains. We had 90% of our stocks up for the month and our other investments did well also.

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;

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I sure like it when the markets bounce back. It is no fun when the market seems to be sliding downward everyday and in some big numbers. Even though we still have some stocks in some sectors still way down but I hope they will come back once this Covid-19 stuff is over and all the riots are done. We need some positive News on the TV.

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. Even though a few of my Dividend stocks canceled paying Dividends till there stock prices and profits come back.

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. We are hoping our 4% withdraw plan works out for us. If you want to see it let me know. What are your plans?

Dow Jones Industrial Average (DJIA) 27,781.70 on 10/1/20, 28,653.87 on 9/30/20, then was 26,573.72 on 10/1/19. It was up over a year ago, just 1,207.98 or up 4.55%. Nice… 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 an 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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