In November of last year 2021 I had $31K in a Fidelity account today with this gigantic Rise in the dow i have $24800 I got a Big $14 increase in my account today I can not even go get me a Burger Fry's and a Drink for that these days.
Yessir. Lots of folks got hit hard and are still getting hit depending on their investment allocations.
That doesn’t ease the pain any.
They told us Red October get ready for the pain and here it is. We all get stuck with the pain.
If not stuck with markets pains then inflation’s pains will extract their toll.
I’m very hopeful for November but can’t say that I’m that optimistic about the elections.
My Uncle always told me that the Market always go's down on an election year. So I never expect much on those years.
There’s surely a metric ton of old adages and axioms about the stock markets out there. I think most have been true at one time or another.
When my Uncle Passed he was able to give 3 of his kids $880.000 an 1Mil house to one a 5 acre ranch to another. and 100K to each of three others. He retired as an Electrical engineer at 55 and was in his mid 80 when he left us. His Job after retiring was the Market 3 to 5 hours a day every day. He did not make his money at his 9 to 5 as an Engineer. he made it after he retired.
He sounds like a very accomplished Man who put that Engineering mind to work in his retirement years.
