That means it has SOARED approximately 7,295 points since the days of 18,000 when old Dumbo Ears left office.
Thank you President Trump, and Congress!
PS I bet we won't hear any response from the Left. After all, what can they say?
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Come one, MovieMan, I like you, but don't bring up Trump every time!
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Thanks. It's not every time, maybe once in four....., but just for you I won't bring him up again today. Fair enough?
PS What is your reaction to this economic news?
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Could you perhaps make that a week???
A rise is always a good thing, I guess?
I'll tell you what i'll do. Just for you, I'll make it three days, if my old brain can remember that. Past that I'd probably bust a gut. If I forget, please remind me.
A rise is usually a good thing, but not always. When it falls you can snap up bargains and make money when it rises again. Remember, the key to making money in the stock market is to do what everyone else is NOT doing. I.E. if the market rises, people are buying, so you want to stand pat or SELL, depending on your situation. When it falls, that means people are selling, so you want to stand pat or BUY, depending on your situation.
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If I ever decide to invest some money, I'll call you!
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Okay, that's a deal. I love helping people with investing. BTW, do you the best time to buy stock?
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Summer?
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Last year.
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Is that a joke? I guess I'm too stupid to get it.π
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No, you're not stupid and yes, it's kind of an investing joke. In other words, the most important step in investing is to BEGIN. And since the long term arc of the stock market is up, the earlier you invest, the more money you will make.
So if you invest now, you will probably look back in 2019 and say "Wow. I'm glad I stared investing way back then.
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BTW, as a favor to you, here are some "Keys To successful Investing":
1. The first three rules of investing are 1. Diversification, 2. Diversification, 3. Diversification.
2. Determine you investment Time Horizon.
3. Decided what level of Risk/Reward you are comfortable with. Then prepare a long term game plan, and stick to it.
4. Adjust your game plan as you get older, taking less risk as you grow older since your time line is shorter. A good rule of thumb is to subtract your age from 100. That's the % you should have in stock.
In other words, if you're 40 years old, you should have 60% of your investment in stocks. The rest should be in bonds, cash, real estate, precious metal, etc.
5. Do your research before you invest.
6. Monitor your investments, and make periodic adjustments when needed.
7. Buy Low and sell High.
8. Use Dollar Cost Averaging. Invest the same amount each month, and you'll automatically buy MORE when the price is down, and LESS when the price is up. This lowers your average price.
9. Take advantage of TAX FREE investments, such as Municipal Bond Funds.
10. Take advantage of plans which earn dividends on a TAX DEFERRED basis, such as IRAs and 401-Ks, and ones which earn dividends on a TAX FREE basis, such as a Roth IRA.
11. Buy Mutual Funds instead of stock directly in a company, and always buy NO LOAD mutual funds.
12. Do NOT believe financial "Gurus" who promise to make you rich quick. They are FAKES. The way to make money in the stock market is NOT timing, but TIME.
13. Also do NOT believe plans which promise "Guaranteed Returns". Nothing is guaranteed in the investing world. Some investments carry less rick than others, but there is ALWAYS some risk.
Questions?
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Nope! You couldn't have been any clearer! All I ever wanted to know! Don't need any other information whatsoever! Thank you!
shareuhhhhhhh, the stock market has been rising ever since the end of the Great Recession in 2008. It has nothing to do with Humpty Trumpty.
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As a matter of fact, the DJIA has been going up for the past 100 years. Of course it doesn't go up in a straight line. It zig zags.
Uhhhhhhh, but it had plateaued with a DJIA around 18,000 in 2016 under old Dumbo Ears, and showed no signs of going anywhere. Old Dumbo Ears himself said this was the new norm, and we were going to have to get used to it. Since Trump was inaugurated it has shot up like a rocket by over 7,295 points. Old Dumbo Ears never accomplished anything near that.
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Neither has he been disgraceful and accused of multiple offenses like racism, homophobia, predatory actions against women, lying, lying, lying, etc. It would take up too much space to list everything.
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