FIRE Station Fun – Patient Profits

screen-shot-2017-02-21-at-3-10-20-pm

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

3 thoughts on “FIRE Station Fun – Patient Profits

    1. Agree – it will be very important to each earnings reports closely. Retailer reports last week were quite positive.

      Like

  1. We actually do both, still continue to buy, but not with everything we have to invest. This way we can profit from both market moves, albeit in a minor capacity.

    Liked by 1 person

Leave a Reply to Retirementallychallenged.com Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s