Hello Investors!
I hope everyone is having a relaxing weekend. This month has been a big red month with the stock market and the market might not be done going down. The market might stay around the current range until more bad news happens with tariffs and the trade war between Canada, Mexico, and China. I do agree that Trump and Musk are affecting the markets and economy, but this will only help improve it over the years once we get over this hump. There will be a lot of businesses that will get affected, especially automakers because they rely on trade to reduce the cost of making vehicles for consumers. Right now if you have not bought another car I would suggest you try to avoid purchasing new cars due to the hikes that are about to happen with the trade war we are in. This war might even put us into a recession that will affect people’s lives and jobs. If you are an investor and afraid of this, rest assured that investing in a bear market or even a recession will increase your wealth overtime if you have time. I am currently down 40k from what my accounts used to be before tariffs and this trade war, but I know for a fact that if I keep to my goals I will see more profits in the future. Currently I am investing in Nvidia, VOO, Amazon, and Google because those companies will last through multiple recessions and trade wars. The reason is that everyone in the world uses products from Nvidia, Amazon, and Google. VOO is just a well diversified ETF that anyone can invest in and you can sleep at night knowing your money is safe no matter what. VOO is an ETF that is heavily investing in the S&P 500. If you are also scared to invest in the stock market look for other investments that will be a safer bet which would be real estate, bonds, and CDs.
I am currently looking into other sources of income and investing in collectables that might be worth more later down the line. Just remember it takes money to make money and you do have to take risks once in a while to make money. You never know if you will make money unless you try. A true millionaire always has multiple sources of income just in case they lose their 9-5 job.
Until next time…Have a wonderful weekend and remember it is never too late to start investing!
Current Goals:
Individual Stock Account – 37/100 shares of Nvidia Corp. (NVDA)
Roth IRA Account – 76/100 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 – $349,361.28
Apple Savings Account (3.75% APY) – $1,597.91
Yen (Average Rate – USD/JPY) – JP¥0
Individual Stock Account – $200,747.27
Roth IRA – $109,578.24
Traditional IRA – $37,437.86
It is never too late to start investing!