Hello Investors!
I hope everyone is having a good week in the stock market! Today is the day that Nvidia joined the Dow, and it seems that since the election all the big blue-chip stocks have grown. I saw a huge gain the day after the election was over, with the Dow up over 2,000 points. I have to say that I have not seen that number since I started investing back when I was 25 years old. I am glad that people see growth in the stock market and people are very hopeful that there will be change in the economy. There have been lots of promises made and now is the time that our new president will have to live up to his words. There are a lot of people that are struggling because of inflation. People are having a tough time, and businesses are closing due to inflation. Even in Hawaii there have been a lot of family-owned businesses that decided to close because of the prices of goods. I know there are a lot of people that are mad about the election, but in the end, everything will work out. There has to be balance and the people have spoken to change because they are not happy. You know what if the new president does not do an excellent job, then the next election it will flip to the other side. There will always be balance in politics due to there being different houses. We have the Senate and House of Representatives to balance the bills that the president pushes through. I do not really like talking about politics, but this also affects investors.
Because we have a new president, I would suggest everyone review their goals and see if it is in line with what the president will decide to do in the next four years of his term. The sooner you do your research the sooner you will see returns on your investment. An example is as soon as the president was announced Tesla jumped about thirty-five points and it continues to grow due to Elon Musk endorsing the new POTUS. In fact, all the big companies saw a significant increase in their stock. Companies like Nvidia and Amazon saw investors pouring in more money because they see the gains these companies will have over the next four years. Yesterday Powell even dropped the interest rate by a quarter-point. Powell is even talking about dropping it more in December. I do hope that inflation does go down because that means there will be more money in consumers which will mean there will be more money people will spend or invest. Hopefully, this will stop all the family-owned businesses from closing.
In conclusion, I want to remind all the investors to do your research and adjust your investments according to what is happening in the real world. If you do not feel comfortable with changing your goals, then stick with what you know. There are always ways to make money. Just do not put all your eggs in one basket!
Until next time…Have a wonderful weekend and remember it is never too late to start investing!
Current Goals:
Individual Stock Account + Traditional IRA Account – 986/1000 shares of Apple Inc. (AAPL)
Individual Stock Account – 20/100 shares of Nvidia Corp. (NVDA)
Roth IRA Account – 71/100 shares of Vanguard S&P 500 ETF (VOO)
Future Goals:
Individual Stock Account – 41/100 shares of Alphabet Inc. (GOOGL)
Individual Stock Account – 22/100 shares of Amazon.com, Inc. (AMZN)
Roth IRA Account – 58/100 shares of Vanguard Russell 1000 ETF (VONE)
My Investments
Combined Value of – $359,854.20
Apple Savings Account (4.10% APY) – $1,582.86
Yen (Average Rate 140.75 USD/JPY) – JP¥185000
Individual Stock Account – $206,291.66
Roth IRA – $112,970.38
Traditional IRA – $39,009.30
It is never too late to start investing!