Fast Money Blog- 10/13/23

On Thursday, October 12th, the U.S. Bureau of Labor Statistics released its monthly Consumer Price Index (CPI) data.  Inflation currently sits at 3.7%, with the CPI showing that inflation rose only .4% over last month, a deceleration from .6% in August.  

Don’t forget that monthly CPI reports and short term bond yields are only short-term indicators of economic growth. 

During times like these, as members of the Wealthy Investor program, we should be focusing on holding Dow and S&P stocks that have a tendency to double over a 5-year period. That is how we build wealth. 

Stocks that have doubled over the last 5 years include:  

Apple, Inc. (AAPL), Visa, Inc. (V) and The Home Depot, Inc. (HD)

Just a reminder: In this market, selling 30 to 60 day, out-of-the-money covered calls produces the best results. 

Stay focused and stay positive!

Tyrone Jackson

The Wealthy Investor