Description: The article is about sdccu login. As a part of the ongoing Managing Your Money seminars presented by SDCCU,the author mainly gives his views on Market trends. He analyzes the current trends of the American Market.
Historically,investing pays off. It isn’t always that way,you can take a look at this year as an example,we had a run. We are bouncing around between 23,000 and 25,000 on the Dow Jones Industrial Average,that’s the range we’ve gotten into now.
We’re at 24,000 today. In the last 24 days,there have been 20 days when the market has been up or down a hundred points,that sounds like a lot,but a hundred points on the Dow is two-tenths of a percent.
Maybe the percentage-wise is nothing,but there is still something in people’s minds when they see the market going up or down a hundred points or more. They think that there are dramatic things going on. This has not been a great year for investing,if you take a look at the Dow or the Nasdaq and the S&P 500,we’re down a little bit for the year.
We’re going back to 2009. Let’s go back 16 months ago,the Dow was at 18,000,it’s at 24,000 now,that’s good,that has been a good run. It’s chopping. Let’s go back to 2009,we were coming off the Great Recession at that time,it was tough,at work or in other ways,you’ve probably experienced the damage in this country when we went into that Great Recession.
The housing market had crashed. We’ll talk about housing too,I’d love to talk about housing. I’ll even go back a little bit further,we will go back to 2000,we had the dot-com bubble crack blew up. Anything that had a .com was gone. Is there anybody who still remembering pets.com?
They even bought an advertisement on the Superbowl,they had the sock puppet,the sock puppet was their big thing. There was never a company. There was never a company that sold pet products, it got up to 125 dollars a share. When we had the dot-com bubble blow up,it went out of business,they disappeared,a lot of other companies disappeared too.
We recovered from that by 2007,the Dow was up to 14,000. A year and a half later,the Dow had lost more than 50% of its value. On March 9th 2009, the Dow was back down to 6,547,it’s weird that I remember that number. I don’t know what was happening on March 9th,that was the end,that was when everybody started getting out.
We kicked off this enormous rally,that has taken us to 26,000 without interruption. There have been a lot of fits and starts along the way, it hasn’t been a straight line. We’re learning that in the hard way. If you’re an investor, you’d better be ready for some of the ups and downs that will happen with the stock market.
You’ve to keep all of that in mind as you become an investor. Regardless of your age,all of you will become investors because that’s how you’re going to take advantage of the growth that stock market provides. It’s scary. Wayne Gretzky once said something about this,you don’t usually hear Wayne Gretzky talk about something at financial meetings like this.
Wayne Gretzky once said that you would never score a goal if you don’t take a shot. That’s the way I approach investing. I don’t expect all of you to go out and take all your money out of CDs and annuities, you shouldn’t do that. But you should have some money in the stock market to get you through these tumultuous times.
I left all my notes at the radio station today. The best book on money that has ever been written is a book called The Millionaire Next Door. It is a magnificent book. It’s also probably the most boring book you will ever read on personal finances,there is nothing funny about it,there is nothing exciting about it,there are no great tips in it,it says that if you want to be a millionaire,you have to do one thing.
You have to be frugal,you have to live a life of being frugal. If you do that, you will become the millionaire next door. I can guarantee you,no matter which community you live in,what city you live in any part of San Diego County,properly someone on your street is a millionaire, but you wouldn’t know it, because they’re driving a car for twelve years old.
They wear the same clothes every day,they lead a very low-key life, but they’re doing fine, because they lead a life of being frugal. If you don’t know what that means,you can pick up the book,it’s a gem. You can usually find it in the bargain Books section at Barnes & Noble.