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BizTalk Radio

Automatic TRANSCRIPT

I happen to be reading Wayne Allyn root, Las Vegas review journal article this last weekend when I was there, and I thought it was really interesting. I don't wanna get into the race baiting stuff that he talks about. That's not what this show is all about. But the economic news for literally all Americans is really really spectacular. I'll come back to that momentarily. Also september. For those that were watching on television. They heard a nice September. Tune. Maybe we can do a little September music since we're now almost in the middle of September. No doubt. But it it seems to me that so many people get out of the market in may and come back in October because there's used usually this summer swoon and the markets don't do anything or they go down and September is historically a really bad month for stocks you go back to eighty one September minus five point four percent. Nineteen sixty minus six percent nineteen fifty seven minus six point two percent. Two thousand and eleven minus seven point two percent two thousand and one minus eight point two percent. Nineteen eighty six minus eight point five percent two thousand eight minus nine point one percent. Are you kidding me? It gets worse from here. Yep. Nineteen forty six minus ten point two percent two thousand and two minus eleven percent nineteen seventy four minus eleven point nine percent. September is a bad month historically until it's not. And for people to make some value judgment as to whether they should be in the market in September for out of the market in September based on historic. Or should I say hysterics is ludicrous? So I heard someone talking on the radio the other day about, you know, the go away and may and come back in October, which I guess has some historical significance. But is there really such a thing? The history. The history book we're going to be writing and tomorrow land and not going to be similar at all to history in the past. We live in a totally different world. At twenty trillion plus dollars in debt when did we ever face that we have four point two percent economic growth. While was the last time we saw that at least on a consistent basis. So I'll start today with what I read this weekend from Wayne Allyn root, and the Las Vegas review journal because it speaks to at least in my opinion. Why it's probably not a good idea to jettison. Your stocks setback, relax. It's the Ray program helping you make better money moves. Now, I'm not suggesting you shouldn't rebalance your portfolio and scrape some of the cream off of the top and reshuffle and all that stuff. Now, that's something for you. And your adviser to discuss and I'm not suggesting that you should be all in in the stock market anyway. Especially if we're very near retirement or in retirement, you know, my philosophy. I believe in an increasing stock glide path once you achieve your retirement age. But going into retirement. I've always suggested that you have a combination of fixed investments. A new income and long term stock investments that have a minimum of say fifteen years to Wade through the cycles because we have bull and bear market cycles. And it's been pretty much proven out that they last about fifteen years, secular if you will bowl and bear markets. So that's me. That's what my philosophy is doesn't necessarily mean. You should do it. But it you should have that conversation with somebody.