Thumbs should NOT be making the rules!
A month ago we were told that September is the worst month for stocks. Perhaps you want to wait out this month and wait for the better months, they said. Last month Kiplinger Closing Bell quoted Yardeni Research warning that September falls more often than it rises. However, if you followed this Rule of Thumb and sat out the last month you missed a 2.61% gain in the S&P 500. To put that in perspective, if every month rose that much you would earn 36% for the year. Maybe we better let those thumbs stick to hitchhiking instead of rule making and keep our financial plans on the right course. Stay invested in the asset classes that are right for your personal circumstances and avoid the temptation of timing the market. Let me know if I can help you create a portfolio that is right for you.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
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