8/6 Check-In

GOOD morning! I'm back from vacation and looking forward to the month ahead. What all would YOU like to see as we progress forward this month?

One big piece I wanted to address is the recent volatility in the stock market. You may hear things like "Worst Day since 2022" or even Japan's "Worst Day since Black Monday 1987".

This is a good time to reflect on our overall financial foundation to ensure we are well protected for these times that happen (and will happen again as we move forward).

1. Is our Emergency Fund well stocked with cash in a high yield savings account?

2. Do we have all bad debt paid off (Credit Cards, Car Loans, etc)?

3. Are we focused on long-term growth?

When you zoom out on a stock chart, you'll see periods of "crashes", "corrections", and "dips". But you'll also see the stock market continues to grow over time. When I first started investing $5 a Day, 2022 was a rough year for the market.

As I reflect back on the decision to invest $5 a day when the market kept going down (which at the time felt like I was throwing my $5 a day away), today I'm reminding the importance of long-term investing.

Why?

Because my VOO investment that I've been investing $5 a day into since January of 2022 is still up by 18.97%. Even despite the last few days of negative decline, the portfolio is still positive. Sure, it's not as high as it was (I think around 25%?) but because I invested when we were low and when we were high in the market, those downturns do not ultimately rock my portfolio.

Even if we would drop into a major crash of 20% or more, it would further reinforce a great way to continue to take advantage of dollar cost averaging down!

Feel free to ask questions!

None of this info, express or implied, is direct financial advice to buy, hold, or sell any security or investment.

Thanks!

Bob