I hope everyone had a great weekend. As the market opened this morning, I went into my stock portfolio app and saw that everything I had (with one small exception) was in the RED to open the day. No worries…as you know from past posts, there is no need to panic…stay the course. First thing to bring to your attention is get yourself a good stock portfolio app. The one I have been using for years is literally called “My Stocks Portfolio” and the symbol looks like this:
It has served me very well. It has everything you need for a quick look at the majority of parameters you want to consider before purchasing a stock. (This example is BlackRock, Inc,). If you aren’t familiar with all the parameters…..excellent opportunity to Google search and educate yourself.
And secondly, a turn around could be coming. Here is a good article of some positives that may be on the horizon. Educate yourself and invest in your future!!
https://www.nasdaq.com/articles/forget-sell-may-5-factors-why-wall-street-etfs-could-rally-ahead
Let me give you one example of compound interest in the most simple example.
If you invested $1000 right now into the market with a very modest 5% return and only contributed $100 a month moving forward ($1200 a year is doable for many people) this is what you would have in:
10 years: $17,000
20 years: $43,000
30 years: $87,000
40 years: $160,000
I don’t have 40 more years…but my kids do. This is the type of stuff I teach them and the power of investing!