July Stock Market Thoughts

We can’t wait till the news has some positive news. LOL I know I am living a pipe dream. Between Coronavirus, Black Lives Matters riots and Arizona Forest fires there is plenty of negative news to hurt businesses and the stock market.

With more Coronavirus restrictions being put in place in a lot of states currently isn’t going to help businesses recover. I have heard of many small businesses that have had to file bankruptcy and close their doors for good. A lot of dreams and retirement savings lost during the last few months. It is sad.  

Our Stocks are coming back slowly which is nice but we still have. Even though some companies are reducing their dividends or stopping them we feel they will come back after we get back to normal someday. It could take a few years and we are prepared for it.

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.

If you know people that are going through a tough times with their finances maybe suggest they buy a copy of my Book called “MONEY $ECRET$ TO MAKE YOU RICH”.

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;

Mills Family is currently at; Click Here to read it in full

July Crystal Ball thoughts (LOL) from some sources are;

I like reading the Brinker Report and aaii.com the most. I feel good reading a lot of information but I still believe in riding out the roller coaster for our situation. There is a wide range of choices and it seems like more companies are getting into the Robo Advisers game. I feel this is the future and I can see us going this route with some of our Investments someday.

AAii Journal June Magazine Volume XLII No.6 said;

“If capital must be raised, a rights offering is one of the fairest ways to proceed by offering an attractive price to existing shareholders. They often know their own holdings best and the rights provide the opportunity to increase their position if they wish. It is greatly preferred to private placements of convertible preferred stock or debt to institutions that often extract egregious terms that leave existing shareholders in the doghouse.

At some point in the near future, rights offerings may become more popular. In the coronavirus pandemic’s wake, companies are drawing down credit lines and may soon turn to equity capital to avoid becoming too leveraged. At this point, equity capital may be very cheap and managers may choose to reward current shareholders with these bargain shares via a rights offering rather than selling shares to a new investors. Of course, equity capital is usually cheap for a reason, so investors need to evaluate the company’s fundamentals, management and outlook before moving forward.”

Kiplinger’s Personal Finance July 2020 magazine said;

“How to Spot Dividends at Risk. Many companies in hard-hit industries, such as travel, lodging, dining, energy and brick-and-mortar retail, have slashed or suspended their payouts. Real estate investment trusts (particularly those that lease space to restaurants and stores) and financial firms may come under pressure as well, says Will Hunter, of the investment firm Neuberger Berman,

Be most wary of heavily indebted firms with deteriorating earnings. They may have to tap money earmarked for dividends to meet short-term obligations. A sky-high yield can tip you off to a vulnerable dividend, says Brian Bollinger, of Simply Safe Dividends, a dividend research firm. “investors may be temped to reach for high yields, but if you’re investing in firms with high yields, high debt and high payout ratios, you could be picking up pennies in front of a steamroller,” he says.

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. 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. If you want to see it let me know. What are your plans?

Dow Jones Industrial Average (DJIA) 25,383.11 on 5/1/20, 24,345.72 on 5/1/20, then was 24,815.04 on 5/31/19. It was up over a year ago 568.07 or up 2.28%. 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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