The S&P 500 rose 0.51% this week and remains just 1.14% below all-time highs.
Our March stock of the month pick, JPMorgan (JPM), rose 5.6% this week after reporting record revenue and net income for the first quarter of 2019.
Disney (DIS), our February stock of the month pick, rose 13.1% this week. They announced that they will be launching their highly anticipated Disney+ streaming services in the U.S. on November 12, 2019 at $6.99/month or $69.99 annually.
This also marks the first week that our Stock of the Month picks have beaten the S&P 500. I hope to keep this streak alive for a very long time. Tune in next week for our April pick.
There haven’t been any changes to my long-term strategy. As the S&P 500 reaches new highs, I still plan to keep about 25% cash in my individual stock portfolios and wait for another buying opportunity.
My mutual fund portfolios are 100% in stocks since I have a 20+ year time horizon. I continue to dollar-cost average into them.
How are you guys handling the market? Share your thoughts by commenting below. If you like this post, please share it on social media.
Disclosure
I/we are long JPM and DIS.
I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing), and I have no business relationship with any company whose stock is mentioned in this article.