Been a while since my last post. I post when I can. But this summer has been extremely busy for me due to health issues and vacations etc..
The DOW has been on a roller-coaster ride and in early postings I shared with you this was to be expected. On Friday the DOW closed with a loss of 123.23 at 16,960.67. It has been up and down past the 17,000.00 mark quite a bit lately depending on the day. Some Individual Stocks have been doing good, some taking hits from the roller coaster ride. There are several decent stock splits to play right now, but Mutual Funds is the safe place to be this year. If you do have Individual Stocks right now, do NOT sell! Just sit back and hold them for now and see what 2015 has to offer. For those of you buying into Apple (AAPL) like I advised in earlier posting before it had a 7 to 1 split, you should be happy seeing a 20% plus increase since the split. The roller coaster ride is not affecting this stock very much. Even though I have a good profit to cash in on, I continue to hold. I feel this stock has more potential left in it, while some Mutual Funds are cashing in their profits. I feel they wish they had waited longer and held on before Apple is done doing it's thing. Apple still has a lot of grown potential and is a mover and shaker in the market. Poor Twitter (TWTR) is holding steady after taking a sever pounding and showing no growth in the past month or so. Steer clear of Twitter. Facebook is kind of in the same spot. It has done well for investors but it holds it own and is a stagnant mover at this time.
So where is the money? What kind of recommendations can I give today? Well if you bought into Rite Aid Pharmacy/Cooperation (RAD) when I suggested it and still holding you are enjoying a hefty 115% profit from a year ago on your investment (not quite been a year yet). For those of you that got out and took a nice profit like I did, I bet you are sorry you did, like I am. But today is the day to get back in. After the significant drop in the DOW on Friday a lot of stocks took a hit. Make it work to your advantage. Rite Aid (RAD) is selling at $7.05, down from a 52 week high of $8.62. That is $1.57 fall from the 52 week high. Time to get back in with (RAD). If you are looking for a Mutual Fund that is safe to put your money in right now for the long term, I can only suggest (PRHSX), T. Rowe Price Health Sciences. You will not go wrong there for the long haul if you wish a safe place to put your money until at least the middle of 2015 when we get done with this roller coaster ride.
So what is the future looking like right now to me. Well, sorry to say but much of the same for the year and probably into 2015. Most Individual Stocks will suffer the most and be happy if your Mutual Funds hold their own. If we get to the mid 17,000.00 on the DOW and can hold it, I suggest you be happy. But that is an optimistic view I think. I kind of expect that starting in 2015 about mid year things will look up slightly. But until the World events settle down a little and we get Obama our of office (I am a Democrat) do not expect a lot. Better hope for a new incoming President in a couple of years that is more of a stronger President and has a strong economic policy. That is when things will take the up swing.
Gus S.
Disclaimer:
Make sure to review any information found on this blog site with your personal financial advisor before making any decisions. I am providing general information and not financial advise. I am not a licensed stockbroker or financial advisor.
