Why Was The Market Down Today?

Unless you’re a professional money manager, you don’t watch every minute of the stock market.  Most of us have full time careers, lives, etc. that keep us busy.

However, if you happened to check your brokerage account today, you might be wondering: “What the hell happened today?!?!?!”

What seems to have happened, for one, is the market is not so confident in this so-called trade truce between the US and China.  It breeds uncertainty.  The markets hate uncertainty.

There is also talk of the Federal Reserve raising interest rates.  I am going to discuss this in greater detail tomorrow.

What is important to remember is this: when you’re a buy and hold investor, headline items like this don’t mean that much to you.  Just keep holding on to what you have, and take advantage of times like these to add to your positions in good companies at a discounted rate!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

 

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This Tech Boom Will Make You Millions!

In the late 1800’s, we saw the emergence of three huge technology platforms simultaneously.  They were the the telephone, electricity, and the combustible engine.

These three, together, were the catalyst that ignited economic growth unprecedented at the time – thus creating billions, upon billions, of dollars in wealth.

Today, we are embarking on a technology boom that may dwarf the previous booms.  For the first time in history, we have at least seven technology platforms evolving at the same time.

They are:

1. Artificial intelligence (AI)

2. Blockchain technology

3. 3-D printing

4. DNA sequencing

5. Mobility as a service

6. Financial technology (fintech)

7. Cryptocurrencies

I didn’t even mention the cloud, ecommerce, streaming video, and gaming (which is in its infancy, but will become ginormous!)

Oh, and I almost forgot to mention China…and, down the road, India.

We are going to see a tech boom unlike anything we’ve ever seen!

If you haven’t already done so, I suggest you start researching great companies to invest in.  Check the previous posts I linked to above for some ideas!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)