Skip to comments.Oil Production And My 401K/IRA-Cause and Effect?
Posted on 01/18/2019 4:06:41 PM PST by DIRTYSECRET
My S&P500 account has gone up pretty good in the last few weeks after a bigger hit prior. If the price of gas is going more towards $2/gallon and China is backing down on trade I certainly see it as a cause and effect The only other big thing on the horizon I see is the prospect of a big beautiful wall. Too much collateral damage without one. I'm talking drugs, violence, hit and run vehicle accidents. Gotta get better if Trump is in office for 6 more. Things will never be perfect but tell me how much China and gas prices affected us.
If NK makes a major denuc move next month, the Europeans slink away from Iran as they are starting, and China goes on a TRILLION dollar shopping spree....look out
Now, if we get a secure border and a Trump plan to redevelop Central America...
Your Debt free except the mortgage aren't you?? If not, you need to kill debt with a Vengeance with no investing until it's gone.
"Everyday Millionaires" by Chris Hogan says the vast majority kill debt and avoid it like the plague thereafter. He recommends no more than 15% after being debt free and use the rest to Kill the Mortgage if you have one. The vast majority of Millionaires (assets-liabilities) cite killing their mortgages as what brought them where they can be generous givers. The average one takes 10 years to kill the Mortgage.
I did it in 6 back in 08. Now doing 26%.
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