Stock Market Update- 3/23/18
Once again Wall Street ends the week expressing its disappointment about President Trump’s tariffs on steel and aluminum, as well as intellectual property.
It looks like we are in the middle of a pullback period. In a pullback we rely on Wealthy Investor allocation, which is why I ask that 1/3 of your portfolio always remain in Dow Jones stocks that pay a dividend.
Pullback Reminder
When the market reacts to a negative catalysis such as tariffs, stocks that do not pay a dividend will fall the fastest. If you over-invest or trade stocks in the growth category that do not pay dividends, your portfolio will decline substantially in times such as this.
That said, I don’t see this pullback lasting for more than thirty days.
Stay Disciplined!
Tyrone Jackson
The Wealthy Investor