Yes, you will not see this in the media anywhere but the DOW Jones Industrial Average has increased 20% in 3 weeks. (The media reports the month of October as the worst since 1987 to further discourage you).
From an intra-day low (never reported this low by the end of the day but during the day) of nearly 7,700 (near or around October 9th) to Friday's close on October 31st of 9,300+.
I have no clue whether we are headed lower than 7,700 some day in the future but as of now, those who did not sell low have recovered 20% of their losses in 3 weeks. The return on safe money markets and CD's during the same period is less than a 1/2 of one percent and probably less than that. Of-course, those "safe" money returns are negative when inflation is considered.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.