If you have money in the stock market then you may feel like 2020 was quite a ride for sure. Especially back earlier this year when the market fell hard and fast. Too bad we can’t predict when that would happen. LOL
Our boys wanted to sell their stocks back when the markets fell so hard but we reminded them that we are in it for the long run and need to ride it back. We had the faith that it would come back even with all the bad news.
We finished the year with the Dow over 30,000 points. WOW. I remember back when my friend Neil said that no way the stock market would ever break 10,000 points.
I do have to admit that we are hoping for a dip in the market since we are sitting on some cash and I would buy up some more stocks at that time. As I get older I am finding my self even more conservative and buying more EFT’s than Individual stocks.
A friend of mine is in a different boat. He is in his 80’s and feels he needs to cash in now because he says he won’t live long enough if the market would take a big dip to come back. We all need that darn Crystal Ball to know what to do. LOL
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
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 100% 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;
As you know I am a fan of Dividend stocks and in 2020 we had 2 of our 18 Dividend stocks suspend paying out Dividends and a few more lowered their Dividends. Ughhh… LOL Hope they come back in
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) 30,606.48 on 1/1/21 29,638.64 on 11/30/20 then was 28,538.44 on 12/31/19. It was up over a year ago, up 2,068.04 or up 7.25%. 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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