This past summer saw a significant rise in the market from $186.78 on the SPY on our disinvestment date to over $200. At it's peak, the SPY was up over 8% at $201.82.
That rise has all but evaporated. As of 11 a.m. eastern time today, the SPY stood at $185.52, down about 1% from The Seasonal Investor's divestment date. As was the case lat year, the markets are basically flat since The Seasonal Investor's divestment date.
We are nearing The Seasonal Investor's reinvestment day. At the close of the market on Monday, October 27, The Seasonal Investor will once again reinvest in the market. As the countdown timer to the right indicates, there are 12 days until the date for investment in the market.
That rise has all but evaporated. As of 11 a.m. eastern time today, the SPY stood at $185.52, down about 1% from The Seasonal Investor's divestment date. As was the case lat year, the markets are basically flat since The Seasonal Investor's divestment date.
We are nearing The Seasonal Investor's reinvestment day. At the close of the market on Monday, October 27, The Seasonal Investor will once again reinvest in the market. As the countdown timer to the right indicates, there are 12 days until the date for investment in the market.
As has been the case for a number of years now, there were no attractive alternatives for summer savings for The Seasonal Investor. From May through most of October, The Seasonal Investor parked his funds in an online savings account paying an annual rate of .75%, similar to the pathetic returns available over the last few years. However pathetic that return may be, investing in the markets over the same time returned zero (dividends included) with significantly increased risk.
At the end of the day on Monday, October 27 we will know the final tally for all of it.
So, starting at the close of the market on October 27, 2014, SPY IS WHERE TO BE!
Posts
No comments:
Post a Comment