Off-Topic: Now's a good time to walk your horse
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Name:
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MAJ USA RET
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Subject:
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Now's a good time to walk your horse
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Date:
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12/26/2018 5:38:39 PM
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Umph! Up 1000 points in one day. THAT’s not permanent. It just puts off the inevitable.
What really makes me grimace, is the way the media attributes a rise or fall to some single event or government action. For example (fictional): “Today stocks took a downward dive over President Trumps announcement that we are withdrawing from Islamistan. Investors are shuttling their money towards bonds and currencies.” Yep! I got that. What an absolutely worthless proclamation. There is NO useable information in a statement like that.
The stock market NEEDS a correction. Am I happy my portfolio is up very nicely… of course. Am I confident that I am going to be a big winner again next year… not so much.
PS: for those of you over 70, your RMDs may be just a little too ripe next year. Stick to your rules when deciding on discretionary distribution taking.
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