Over the last couple weeks, my ETrade account has looked like a roller coaster of ups and downs due to the tariffs, tariff exemptions, pausing tariffs, imposing tariffs at higher levels for some while now exempting IPhones and computers…..who the hell can figure all this out? I still think the bottom line is this: stay the course.
If you have money locked up in the stock market….be patient. If you have some cash laying around you don’t need in the immediate future, invest while prices are low.
I know I’ve written about which way to go and how that depends on your age, financial situation, etc. There are still many growth stocks that are low right now if you are looking to tuck some money away for the next 5 years + down the road. I’ve always like the money making dividend ETFs myself which is where my portfolio is more heavily weighted. Even with the market ups and downs right now, I still get those wonderful alerts several times a month saying : ETrade Dividend Paid. Having that extra cash each month through dividends allows me to reinvest right back into the market, or pull that cash for more immediate upcoming needs: deposit for Mikey’s 25-26 hockey season, the new skates he needs because he keep growing, probably another new stick because past season’s stick is getting too short….and possibly a little more needed to pay some college tuition while I’m at it. I get it, I understand….it never ends.
So as I write this, this stock market has officially opened and all my tickers are GREEN….for now. I’m sure by end of day or week…everything will be RED again.
Got a stock that you’re really down on this week? Consider dumping it if you need the tax break for 2025. Here’s an article from Vanguard on Tax Harvesting and how it can help you.
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