Last week was quite a week! The President recovered from Covid-19 almost as quickly as someone with a headache might get better. And we’re thankful for that. We had the 1 and only Vice-Presidential debate and now, there’s talk of another multi-trillion-dollar stimulus package being passed, signed, and adding greatly to our national debt. FYI, some money from the last stimulus package remains to be spent.
Last week’s news will be tough to top but this week could be just as challenging. The House of Representatives will be working on a bill designed to take down a President, hearings start in the Senate for the confirmation of judge Barrett and the President is back on the campaign trail with the energy of a man much younger.
As far as the equity markets are concerned, the 3rd quarter earnings will start to roll in. And I’m going to quote J.J. Kinahan, the author of the attached article and chief market strategist at TD Ameritrade. “If 2020 has taught us one thing, it’s that the markets have the power to surprise, if not confound, even the most seasoned investor”.
Most people save and invest for future income and, when we look at the long-term results of the dividend growth of the S&P 500, the best actions investors can take is a long-term perspective. Looking past the headlines of this week and focusing on the purposes of the investment strategy, that being long-term, is a course of action that has historically paid a growing dividend flow.
I also attached an article about 6 tips that might help with organizing your records. Several years ago, I was talking with a woman that just celebrated her 85th birthday. So, I asked her what she wanted to accomplish with her new year. Her answer was to get organized. I hope the article helps.
As always, should you have any questions or wish to speak with me, please email or call. Now let’s all go out and have a super week.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.