FIRE Station Fun – Patient Profits

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The stock market is off to a nice clip so far this year with the S&P 500 and International EFEA up more than 5% in less than two months.  Things are moving so fast that I am already losing my bet on where the market will be on the Fourth of July this year, as I wagered on less than 4.5% growth..

Our portfolio doesn’t look that good so far this year, but we are still +1%.   Our MegaCorp stock options have fallen year to date as the old workplace is struggling with any growth and may have gotten passed up on a potential acquisition.

That said, the market changes quickly – last year the S&P 500 fell 10% by this time of the year, only to finish up 9.5%  This recent commentary by BMO’s Jack Ablin suggests that the market is due for a correction as it may be 5-10% overvalued at this point.

Fortunately, we are sitting on enough cash to be patient.  For us, that is the key to riding out the ups-and-downs.

Image Credit: Pixabay

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