The come back. This is what marketwatch.com says, you know the fear mongers earlier this year that everything was going to go belly up.
Here is what Newsmax headline reads.
The S&P 500 is still YTD at a -0.28%. So here is the scoop. If you stuck to your purchase plans, or even took the chance to buy an increase, as this goes up so to will your worth by more than if the market just equal out. The reason is because you invested lower, meaning the Dollar cost average went down as you bought.
This turn of events pretty much points out that not listening to the news or talking heads is usually the best route to take. Many people will scream the sky is falling, but if your in sound investments and something historically proven, then don’t listen to the doomsayers.
The turn of the bear. The bear may have tagged back in the bull, but we will still have to see if this is just a faux turn or a stabilization of the market this year. Prepare for another downturn while continuing to increase the assets as you go. :)
As the markets are still below the beginning of the year, my investments are showing green instead of read. Paying attention though that this is a temporary 90 day pause unless an agreement between China and US is done, we may have another down turn. So personally I will continue to buy as the market goes up, all the while I prepare to create a pile of cash on the side for the possible down turn.
Here is to a hopeful turn around. Until the next drawback, may you build a pile for the next down turn, and may your investments continue to compound.