November Stock Market Thoughts

The Presidential Election is almost over. Hopefully we can get past the Election and Coronavirus so maybe the Stock Market will settle down and start recovering.

They said some good advice on TV today to try not to look at your online Investment Accounts till maybe December or once a month. We normally don’t watch too much News on TV just because it is mostly negative news and feels like dooms day is coming. Crazy…

We still 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. The Snow birds are heading back to Arizona except for the folks from Canada. We have friends in Canada and they are hoping the borders will be opened up so they can come back to Arizona for the Winter months.

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;

Mills Family is currently at; CLICK HERE TO READ THE BLOG IN FULL

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

I like reading the Brinker Report and 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.

Stimulus Debate is Not Affecting Stock Outlook for 40% of Investors by AAII Staff / October 29, 2020

“In this week’s Senitmential Survey special question, we asked AAII members how the back-and-forth over new coronavirus-related stimulus has impacted their outlook for stocks. Two out of five respondents (40%) say that debates over coronavirus-related stimulus have had little to no impact on their outlook for stocks. This compares to 17% of respondents who say that the back-and-forth over new coronavirus-related stimulus has negatively impacted their outlook for stocks. About 10% of the respondents say this issue has only impacted their short-term outlook for stocks because they view the proposed stimulus as a temporary fix.

Additionally, 10% of respondents say that they expect to see market volatility until the election is over, after which they anticipate a market correction trending either up or down. About 7% of respondents say that their investment strategy has become more conservative due to uncertainties related to the fate of the proposed stimulus, and about 7% of respondents say that this issue could potentially create buying opportunities.

Here is a sampling of the responses:

  • “No change in my outlook for stocks as I anticipated we would be going through ups and downs for the next two years and government handouts will not be enough to save some businesses or some industries over the long run. Until we have a safe and effective vaccine and have enough people immunized to stop the spread of the coronavirus, the economy will continue to just limp along.”
  • “It affects short-term outlook only. The stimulus would be a life raft for some sectors in the short term but probably would not help long-term factors. Also, stimulus would have a short-term effect on consumer confidence and spending in the fourth quarter.”
  • “I expect that the election results will signal a need for a stimulus in the short run and news of a vaccine will clear the path to a strong recovery.”
  • “It has just hardened my belief that the market is reacting to politics, and not to the market itself. After the election, we’ll see where we really are.”
  • “Lack of stimulus will hurt the economic recovery. Combine this with election results being delayed due to mail-in ballots, and possibly being contested, I see the stock market dropping in the near term. Recovery will be slow because of the lack of stimulus and increasing layoffs by state and local governments resulting from a significant decrease in tax receipts.”

ZACKS Profit from the Pros article sent by email – written by Kevin Matras

Stocks Up Again On Strong Economic Data And Stimulus Hopes

“Stocks closed higher yesterday, making it four up days out of five since the correction lows were put in last week. But as September drew to a close, it also marked the first lower monthly close after being up five months in a row.

Nonetheless, all of the major indexes are trading above their 50-day moving average. And the longer that can hold, the better.

A slew of strong economic reports yesterday lifted stocks.

The Pending Home Sales Index soared 8.8% m/m, and hit an all-time high!

The Chicago PMI surged to a 21-month high at 62.4 vs. last month’s 51.2 and views for 52.1.

Final Q2 GDP numbers showed a slightly smaller contraction at -31.4% vs. the previous estimate of -31.7%. (Q3 GDP is expected to be up a record 30% or more.)

And the ADP Employment Report came in well above expectations at 749,000 private payroll jobs vs. the consensus for 650K.

Also lifting stocks (at least early on) were hopes that a fifth coronavirus stimulus package could get done before the election. The Treasury Secretary and the Speaker of the House met yesterday in an effort to restart negotiations. While it became clear they were still far apart on a compromise, there’s growing bipartisan support that something needs to get done asap as far too many people and businesses continue to struggle.

We have a bevy of economic reports on deck again today with the Challenger Job-Cut Report, Weekly Jobless Claims, Personal Income and Outlays, the PMI Manufacturing Index, the ISM Manufacturing Index, and Construction Spending.

Then on Friday, we’ll get the always important Employment Situation report.

In the meantime, the market is looking better and better.

And with expectations for unprecedented growth for the remainder of the year, it looks like there’s a lot more upside to go.

So make sure you’re taking full advantage of it.

That means getting into the right stocks and staying out of the wrong ones.

Making money in the market is easier than you think.”

Stimulus talks they say will be back on after the Election. Time will tell if it happens or not. Let’s hope it does. We don’t need a check but it sounds like the Stock Market wants to see help for Small Businesses.

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) 26,501.60 on 10/31/20, 27,781.70 on 10/1/20, then was 27,186.69 on 11/1/19. It was up over a year ago, down 685.09 or down 2.52%. Not 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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