**** Warning this blog does not constitute financial advise. This is strictly my musings and observations. I recommend always seeking independent and simple fee not commissioned based financial planning and investment advice ***
I'm starting this blog to try to impart some common financial wisdom. I've seen too many people loose small fortunes by ignoring their interests or playing let it ride like the stock market is a roulette wheel. I think Gen X and the Mellenials are well enough informed to avoid these mistakes. We share and absorb information from a vast array or sources never available before.
I've watched my 401K go up and down. By reading financial news and doing basic technical analysis it is usually pretty easy to pick a market top or a bottom. I put my 401K in cash the week after memorial day. Wished I had done it before memorial day. However this has been a long trip down. There is still time. I believe we are in the midst of another major stock market drop. I really think we are going to have to see market capitulation.. I think we will see it when the Dow Jones industrial average hits 10000. Depending on the news that might be the time to buy. If not I think 8500 will be the place to buy in. That could all change though if political wisdom puts a floor under the market.
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