I’m pleased that circus called the US election is now behind us – we will have to wait to see what happens to the stock market, too early to tell. My feeling is that based on some articles, it looks like the elect is backtracking/sidestepping or not going full bore into his original comments pre-election, maybe his bark is worse than his bite. maybe it was all to stir up the hornet’s nest so he could just get in, we’ll see.
Hopefully being ‘pro-business’ it’ll benefit everyone, not just the US but i’m not going to hold my breath.
The market shifted violently from one side to the other, stocks that manufacture have been given a boost, stocks which rallied prior to the election are getting sold off or simply not being bought.
That wild swing in the futures overnight once the election result came through is somewhat suspicious, i’ve often found that the market will revisit both extremes, currently we’re going to the top so perhaps we’ll retest that low-end in early ’17.
Anyway, all that aside, dividends. This month, my fund brought in $749.12. October has always been a light month and this one is no different. Last year it was around half that so a 100% improvement, hard to complain.
My trades have been working well up until the election and unfortunately i got caught with the tech sell-off and have to look at my strategy and see how things perform into end of year and into 1Q ’17. There are definitely some good bargains out there but there maybe more downside coming so i am standing by in the meantime.
If you’re looking 5+ years out, i really don’t think you need to do anything as usual, it’s all just noise.
I hope you managed to make decent coin in this last crazy month and if not, just stayed sane 🙂