Government Shutdown Ends

Written by Donnie Nguyen

January 27, 2019

The S&P 500 is still out of correction territory for it’s second week in a row. It closed slightly lower than last week’s close – a little more than 9% below its all-time high set in September.

This week, my portfolios have been on a tear. The government shutdown is over – for now. On Wednesday, January 30, the fed will announce if it will raise the federal funds rate.

I’m staying the course with my strategy. If we make all-time highs again, I’ll look to take some profits and bring my cash equivalents to about 25% of my portfolio. If the market tanks again, I plan to wait for a 30% decline in the S&P 500 before making more purchases. I’ve already made purchases at 10% and 20% decline levels.

How are you guys handling the market? Share your thoughts by commenting below.

Disclosure

I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing).

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