Back in August, we made a few warnings that September is the worst-performing month of the year for the stock market. 2021 delivered on that historical fact, with a negative performance. With a drop of about 5 percent off of all-time highs, September’s decline was enough to bring stocks to breakeven for the entire third quarter.
Now we’re in October. The good news? It’s not the worst-performing month of the year. But it is the second worse, and it does tend to see some of the biggest one-day drops, like in 1929, 1987, and 2008 among others. With a number of reasons to remain cautious, we’ll continue to advise caution, and to look for ways to hedge or profit from any further downside in the coming weeks.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,762.24 (+0.6%)
Silver … $22.65 (+0.6%)
Platinum … $981.76 (-1.1%)
Palladium … $1,952.56 (-2.5%)
Now here’s the rest of the news:
China Gold Buying Surges on Evergrande Crisis
Amid significant economic turmoil, Chinese consumers are preparing for the worst. Everyone wants a safe haven: physical gold. Here’s what that might mean for prices… [Read Here]
A Good Retirement Plan Should Have These 5 Steps
Saving for retirement can be complex. After all, the stakes are incredibly high. We rounded up the top advice from financial planning experts in just 5 simple steps… [Read Here]
The Debt Ceiling Drop-Dead Date Means Just That…
Yellen has begged Congress to raise the debt ceiling, and now the true and final deadline is fast approaching. Here are the consequences of a worst-case scenario… [Read Here]
October 04, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! View of the center city and the Basilica, old St. John’s, Newfoundland.
A bit ‘of a taste’ of winter!!!
October 04, 2019
Nothing Stands in the Way … Not Even
Good morning. De Beers, the family behind one of the world’s largest fortunes, helped coin the phrase “a diamond is forever.” That may be true for the life of a purchaser, but a diamond is actually an unstable form of carbon that will eventually change — albeit in thousands of years.
Nevertheless, changing consumer demands are doing what geology will take eons to do. Sales are down nearly 44 percent in the past year, as consumers are shifting to different gemstones, including lab-grown diamonds instead. Investment lesson? Nothing is forever.
What you deem a treasury, to be of great wealth later, may very well not!
** ** **
Who’s feeling stressed? These days, pretty much everyone, all the time, which is not surprising considering that stress can come from many angles and forms: social, physical, financial, emotional, psycho-spiritual, environmental, mental, and cultural.
Stress isn’t bad; in fact, just like the Goldilocks Principle tells us, we need just the right amount to thrive. Too little can be just as harmful and impairing as too much. However, since most people have too much on their plates (even if it’s just a matter of perception), stress management tactics are priceless for protecting your limited, valuable resources… 😉