Fast Money Blog- 2/18/22

This week there were two major factors that caused the stock market to temporarily pull back. The first is Russia’s potential invasion of the Ukraine and the second is the Feds announcement that interest rates will rise, possibly as soon as March 15th.

During pullbacks of this kind, Dow stocks fluctuate the least, while growth stocks that don’t have a dividend see the greatest pullback.

Here are a few examples of Dow Stocks:

Apple, Inc. (AAPL) closed on Monday, February 14th at $168.88 and today, Friday, February 18th it closed at $167.30.

Nike, Inc. (NKE) closed on Monday, February 14th at $141.59 and today, Friday, February 18th it closed at $142.95.

Here are a few examples of non-Dow Stocks:

Tesla, Inc. (TSLA) closed on Monday, February 14th at $875.76 and today, Friday, February 18th it closed at $856.98.

Square, Inc. (SQ) closed on Monday, February 14th at $111.64 and today, Friday, February 18th it closed at $97.72.

Remember in the Wealthy Investor program we are long-term investors as well as traders, that’s why we keep at least 30% of our portfolio invested in long-term Dow stocks, which are able to weather all market conditions.

Tyrone Jackson

The Wealthy Investor