Do you subscribe to or read financial magazines? It's truly entertaining. At the beginning of the year, the hand-picked 'experts' of the publication; mangers and financial advisors who control massive amounts of our money make predictions for the coming year. In July, more often than not (I'm not lying, look it up) their picks have trailed the general market and in the follow-up article they wax on and on about why. Then they make mid-year predictions and the cycle starts again. It's really entertaining, but it's not funny, is it?
What to do?
I pay no attention to their recommendations. I do read the articles to find out about companies I may know nothing about. If I see something interesting, like a company with a new product or in a sector with little or no competition, or some other tidbit that catches my eye, I'll follow-up with more research. But unless you want your returns to match the lagging returns of these experts, stay clear.
Ouch! It had to happen. The experts predicted it. The markets slid during the month. But wait, they recovered somewhat too. What moves should I make? Probably none! Your strategy is long-term. Incremental highs and lows should not shake you or if you like, not even get your attention.
The fund's share price dropped by month-end to 27.91. Take some solace that it is still above the year-end close. Our investors will definitely see a drop in their investment nest eggs.
Willie had a month end balance of $201,749.58. His monthly benefit check (including the COLA) would be $2118.69 if he changed his mind and decided to file for benefits at this time.
Irma deposited the $2011 check and withdrew $2413 from her existing account, so her net total is $220,639.30. Her Social Security deposited account now has $18,889.72. A small solace for her is the benefit check purchased more shares this month than it did last month.
Sam used his benefit check to supply $1583.24 of his monthly expenses. His untouched IRA account sat at $221,332.15.