Happy Friday! In today’s email:

• The Rollercoaster Of The Stock Market

• US Credit Card Debt Hits Record High

• Consumers Are Getting Crushed By Record Debts

• Reminder: Upgrade your subscription to unlock the full length weekly newsletter which includes: my portfolio updates, more market commentary and Weekly Q&A’s below

• Stock Market Recap For The Week (Week return as of market open, Friday August 9th)

  • S&P 500 = +3.29%

  • Nasdaq = +6.02%

  • Dow Jones = +0.97%

The Rollercoaster Of The Stock Market

Monday, August 5th was the worst day in the market since September 2022. The S&P 500 opened the day down nearly 4%. Bitcoin fell to below $50,000. A lot of red across the board:

However this red did not last long. Fast forward to Thursday, August 8th & the S&P 500 had its best one day gain since November 2022.

Bitcoin is back over $60,000 (at the time of writing this):

The S&P 500 on Thursday, August 8th:

In a matter of 5 days, we went from CNBC headlines reading “STOCK MARKET SELL OFF” to “STOCK MARKET RALLY”. This is the rollercoaster of the stock market this week.

What is the takeaway? We can’t let the short term market fluctuations that happened on Monday dictate our long term plan. People may have fear sold on Monday because “STOCK MARKET SELL OFF” was plastered all over their TV. However, it pays to zoom out & take a deep breath. In 2024, even as the “sell off” was happening, 2 of the major indices were still up YTD:

The takeaway is to take a deep breath in times of panic. What is your time horizon, what are your goals, what are you investing in. I didn’t sell. I didn’t fear sell. I just kept to my plan.

The Only 79 Dividend Stocks That Pay Every Month

Thousands of publicly traded companies have a dividend – that means they pay you just for owning their stock.

However, only a select few pay out dividends monthly instead of quarterly.

Sure Dividend has put together a list of all 79 individual stocks that pay dividends every month.

• Monthly dividend payments matter because they give investors cash every month instead of quarterly

• Monthly dividend payments show a company prioritizes paying shareholders

• Monthly dividends allow for faster reinvesting of dividends

You can instantly get your free list of all 79 monthly paying dividend stocks, by clicking the link below:

Get my free monthly dividend stocks list now

US Credit Card Debt Crosses All Time High Of $1.14T

What is the takeaway? If you can’t afford your credit card payment at the end of the month, you cannot afford your lifestyle. You are not the US Government, you can’t just print your way out of it. Financial planning is important & making smart financial decisions is key to get ahead, not fall behind.

Debt Is Taking Over Consumers

To continue the conversation about debt, here is more facts about consumer related debt:

What is the takeaway? High interest rates coupled with high inflation results in consumers taking on debt at higher costs. This results in record debt numbers across the board on housing costs, auto, credit card & US Government debts. The debt cycle continues…

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