Hello Investors!
This month has been crazy with all the losses in the stock market due to the tariffs. I would not suggest anyone sells during this time because stocks will only go up once they hit bottom. I am looking forward to seeing more red days than green days because that is the only way I will see profit in the long haul. Your stock market account will look scary when you start losing in the thousands when the market goes red, but when the market goes green you will start doubling your investments. I do honestly think the tariffs will hurt in the beginning, but it will only encourage the US companies to start believing in US products rather than buying from Mexico and China. Yes, I do agree it cuts the cost for companies, but by producing US products we bring more jobs to the US. I do believe it will take some time before prices of material balances out with the tariffs, but that is what we need to start creating more jobs. Everyone that has middle class jobs just needs to start saving and only buy the items they need. It is ok to go out to eat once in a while to support the local companies, but do not do it every day. If you start making your own food, it is a lot cheaper than going out to eat. Sometimes you need to sacrifice in order to prepare for your future.
Next week is my buying week and I am interested in seeing what Nvidia stock will be at. I do know they released a very good quarter this week, but investors did not like what they saw with tariffs. Nvidia is such a powerhouse when it comes to AI and the future of technology. I am hoping to see big gains this year if Nvidia keeps on reporting gains in their quarterly reports. I am hoping I will finish my Nvidia shares this year, so that I can move on to Amazon before it goes up even more. Only if I had more money to invest in the stock market, would I be retiring really early. The only thing I can hope for is continued gains over the next couple of years, so that I can start moving money into other investments.
Until next time…Have a wonderful weekend and remember it is never too late to start investing!
Current Goals:
Individual Stock Account – 27/100 shares of Nvidia Corp. (NVDA)
Roth IRA Account – 75/100 shares of Vanguard S&P 500 ETF (VOO)
Individual Stock Account – 22/100 shares of Amazon.com, Inc. (AMZN)
Future Goals:
Individual Stock Account – 41/100 shares of Alphabet Inc. (GOOGL)
Roth IRA Account – 58/100 shares of Vanguard Russell 1000 ETF (VONE)
Completed Goals:
Individual Stock Account + Traditional IRA Account – 1000/1000 shares of Apple Inc. (AAPL)
My Investments
Combined Value of – $379,252.54
Apple Savings Account (3.90% APY) – $1394.09
Yen (Average Rate – USD/JPY) – JP¥0
Individual Stock Account – $211,479.17
Roth IRA – $114,820.33
Traditional IRA – $41,558.95
It is never too late to start investing!