Today the market was up except for the Materials Sector.
The DOW closed at 27,651.48 up +148.67 points for a 0.54% gain
The S&P 500 closed at 3,111.73 up +19.53 points for a 0.63% gain
The NASDAQ closed at 8,566.53 up +45.89 points for a 0.54% gain
The Russell closed at 1,613.79 up +11.16 points for a 0.70% gain
Hopefully we will get to last weeks high. If that happens it may be time to rebalance your portfolio and pull some of those gains off the table.
*As always, talk to your financial rep to make sure you are doing what is in your best interest.
I wrote an introductory memo welcoming you to my new website. I want this website to be interactive where you can ask questions and create a positive dialogue to increase your knowledge of financial literacy. At the end of the memo I asked a question.
Q: What does Finance, Art and Air have in common?
A: It’s every where.
It’s a trick question but if you think about it, where is air? It’s everywhere and if you don’t have it you can’t live.
The same is with finance, if you don’t have it you won’t live very long. (Even the homeless has to eat and drink).
Art is everywhere. Look around and you will see people wearing cloths and shoes. We have to sleep somewhere and in something. It all started with someone designing it on an art board.
My point: you have to have all of these things to live in today’s society. How you manage your money depends on the quality of life you will have. I am here to educate and direct you to the things you can use to increase the quality of your life. I can’t make you happy but a little money helps.
That is all for today. Tomorrow is anther day. Let’ chat.
Robert L. Woods (a.k.a. R. LaMont W.)