Category: Investing for Retirement

The DOW was up in early June, but came back down to end the month about the same as where it started. Negative news about the virus weighed down on the markets. I sold my 50 shares of Abbvie (ABBV) when it got to $98.47 for a $1,243.58 gain. I

One year ago today, the electronics manufacturing company that I worked for took me and a dozen other employees into a conference room and told us that they had lost a large contract, and that our services were no longer needed. I had been working there for 9 years, and

May 2020 saw the DOW rise by 1660 points. April had a similar gain giving us a two month uptrend. I made a few trades in May. Three of them in my IRA account. With interest rates so low, I moved some money into a consumer staple and a gold

This month was another roller coaster ride in the stock market. There was some improvement in the middle of the month as Trump’s team used every trick available to prop up the markets. News of States reopening some businesses and people starting to receive their stimulus checks also helped. Early

With the pandemic raging in the US this past month the DOW dropped by 18%. The estimates are that the virus could infect over 10 million in the US resulting in a quarter million deaths. As of April 4th the US has 226k confirmed cases. These are some scary numbers.

Yesterday the Fed dropped interest rates to zero. I knew this was coming, but I didn’t think it would happens so soon after a rate cut only a few weeks ago. You would think that this would make stocks go up. But, in the short term, the opposite is happening.