In case you were distracted, you might want to check your most recent statement from your brokerage account.
As they say, all boats rise in a flood.
The S&P 500 stock-index is up 185 for the year and the NASDAQ is up 34%.
The Dow has been up for 10 straight trading days.
What could possibly go wrong?
The Federal Reserve will announce whether it is raising the Fed funds rate this week.
In high tech, you get earnings reports out of Microsoft, Alphabet and Meta.
In the consumer sector, McDonalds and Chipolte will report earnings.
Last weekend saw the launch of Barbie and Oppenheimer with success. American consumers do not seem to be worrying about the economy and are still spending no matter the rise in prices.
It seems change is all the rage.
Elon Musk is changing the name of Twitter to X.
I suppose if it worked for Facebook and Google, why not.
It does make you wonder what to do now.
How does someone get in at these rather high levels? They tend to say the general public gets in at the top and out at the bottom.
Not a recipe for financial strength.
I had a friend ask me about an EV company.
I could only allow that I tend to avoid stocks that don’t pay a dividend.
That is not to say that I follow the same strategy in my trading account.
It is loaded with high tech stocks that don’t pay.
It gets traded more often. The key is that the vast majority of my investing portfolio is in highly capitalized companies that pay dividends.
That trading account is for my amusement, not my financial support.
I have been at this investing thing for the vast majority of my life.
To say the times, they are a changing is an understatement.
From crypto currency, ETFS and all sorts of bizarre new investment methodologies, it is easy to get left behind. Maybe that is not such a bad thing.
I will be purchasing some short-term Treasuries this week as one of my earlier purchases expired.
I will hopefully and gladly take 5% on another short-term Treasury.
You can’t get that yield on equities without great risk.
I hate to admit the truth but that old guy in the mirror each morning reminds me that my risk-taking days are far behind me.
At this point it is about enjoying every day.
Taking on risk to stack the chips higher is just plain foolish.
Something I try to avoid, though that’s far from successful.
It just may be one great summer to be an investor even if you just stand pat.
Here is hoping you are on the train though.
