3.09.2016

The Bull at Seven



Why this is the most untrusted bull market ever

 Excerpt (some nice charts in this article): (basically the S&P 500 has tripled!)

The bull market rally in the S&P 500 (^GSPC) that began on March 9, 2009 (when it touched the ominous 666) turned seven today, making it the second longest bull market since World War II.
Comment: Image source.


Comments: 
  • While we had been investing in our 401Ks, it was in 2008 or 2009 that we began investing extra in a brokerage account. One trade was 1000 shares of FITB at about $ 1, Later sold for $ 14. It was $ 1.24 on March 9th, 2009
  • I bought 100 shares of Ford on 7/15/09 for $ 6.92. Still have 80 of the 100.
  • In the Fall of 2008 or 2009,  we paid off our mortgage. That's when we began regularly buying stock outside of our retirement accounts.
  • Our retirement target was to be debt free, the S&P at 1500, and have a million invested. It did not work out exactly like that, but we are debt free with investments.




2 comments:

  1. Sadly, many people still believe investing is gambling. I disagree here: http://www.prometheusadvisors.biz/investing-blog/is-investing-gambling

    ReplyDelete

Any anonymous comments with links will be rejected. Please do not comment off-topic