As of 2-15-17 the stock market is up 5% YTD! This is unbelievable and the levels are already hitting analysts year end targets, in only 6 weeks. This all started with Trumps acceptance speech. When he won the election and Hillary didn’t show her embarrassed face, the futures plummeted down I believe 800 points. When I saw those futures drop I immediately sent 8 grand that I had sitting in my checking to my brokerage account. I thought I’d be getting in on this pull back because it was an over reaction and there was no rational reason for this. A businessman just got elected and I knew the market would go back up.
Then immediately when Trump started to talk the futures rose up 100 points then 200 then 300 until it was back to where it was, in positive territory. His speech was calm and collected it wasn’t crazy or threatening, like many were expecting. All of a sudden the stock market was fine with him, just after one speech. As for my 8 grand I sent to the brokerage account, when the market opened the next day it was higher than the day before. So I missed out on the huge dip, however I already made 5% in 6 weeks this year. Trump announced that he is going to be revealing a huge tax cut next week, and for the last 5 days the market went up 100 points a day. I know this can’t last forever and he has a lot going against him no matter how much the market goes up people will hate him. But that doesn’t matter. He is pro American business, and what do tens of millions of Americans own in their IRAs and 401Ks? American businesses.
When Trump talks the market listens. What I suggest everyone do is to max out their retirement accounts and invest for the long term. Catch this Trump wave and grow your money. There are many people complaining and rioting they’re doing nothing productive, they could be making money. Whats going to benefit them and their families in the future more, complaining or making more money for future generations. People are putting a lot of time and effort into negative things that don’t benefit anyone, when the answer is right in font of them. I’m growing my investments. I hope you are too. If you don’t know how to I may be linking up with some independent financial advisors that can help you. But you need to get in and enjoy it for the long term.