The S&P 500 stayed flat this week with a -0.08% movement and looks to be hitting an area of heavy resistance
This week two more IPOs popped – Zoom Video Communications (ZM) and Pinterest (PINS).
This week, our stock of the month pick is also coming out. Spoiler – it’s not an IPO.
Although the market looks a little frothy, no one can say for certain what the market’s going to do next. Fortunately my strategy does’t require a crystal ball to be effective.
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, share it on social media.
I/we have no positions in any stocks mentioned and no plans to initiate any positions within the next 72 hours.
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.