Posted on 06/20/2019 8:22:33 AM PDT by sonrise57
Yes, it has. Thank you!
I’m OK with individual stocks. I focus on new industries, such as 3D printing. It will grow for years to come. AMETEK, Inc. (AME) makes the metal powders used for 3D manufacturing. It’s been growing, and will continue to grow for years.
In my prior post to you, I said “the DJIA has rallied over 400 points since early June”. That was wrong.
The DJIA since 03 June has rallied TWO THOUSAND points. It was about 24,750 then, it is 26,750 now. An S&P point is, again, 7-10 DJ points. The S&P has rallied 200 points and the DJ has rallied 2000.
The reason why professionals look to the S&P500 (vs the DJIA) for measuring the market performance is that the Dow is a PRICE WEIGHTED index and has some very high priced stocks in it. So what? Boeing, BA, is nearly 10% of the DJIA. Just that one stock. You also have UTX, UNH, MMM, HD, AAPl, all at about 5% of the index. http://www.indexarb.com/indexComponentWtsDJ.html
Just sayin’, 5-6 stocks have an inordinately large impact upon the DJ.
[one of those 2719 things you kind of need to know about the market, if it’s important to you]
Open an account with TD Ameritrade and play with paper money on their ThinkOrSwim platform.
Speaking of Value Line, many public libraries carry them for free; on the time scales they deal with you can afford to wait for the weekend to get to the library.
Read up on swing trading, many online brokerages have free classes. The idea is to use protective stops on trades to limit losses, and be right half to 2/3 of the time, and you’ll still make out better than an index fund once you’ve learned how.
Trends are the market, and the industry/sector.
I’ll check that out. Even if you could improve on the typical 8% return by just a few percentage points, it would make a big difference compounded over the years.
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