2nd Edition of Meet Wally Street. The Reason You're Stupid

These days, when you write an eBook, then you can pretty much update it anytime. The people who bought it will automatically get the updates. This is what I did with the eBook. It has been updated with pictures and more stories. If you have already purchased a copy, then you will enjoy this update.

In the printed book publishing world, things work a little differently. If you want to do an update, then you have to for all practical purposes write a new book with a different ISBN number. After lots and lots of work, I have finished my 2nd Edition of Meet Wally Street. The Reason You're Stupid. It is very similar to the eBook, except the pictures are not in color. Amazon wanted me to sell it for almost $60 if I wanted it to be in color and I said no to that. Instead I went with the black and white version and listed it for $19.99. It is worth every penny, especially when you consider that it will make you a very smart investor and save you from the likes of Wally Street. That is priceless in my mind.

I hope you enjoy.

Buy it at Smashwords. Amazon is rich enough.

Mid Year Update

There has been a tug of war going on in the markets lately. The free traders are worried about a trade war and average people are not too worried. The market is normally pretty flat during the summer months, sometimes called the summer doldrums. If you were to look back historically at how the market does in the summer, then you will find that it is pretty flat and goes through a lot of up and down volatility. This is a textbook example of what is happening this summer. Mostly sideways movement with volatile ups and downs.

Here we are again at the end of another quarter and I expect the next couple of days to be down, then buyers will come into the market on Monday of next week. Money managers do their window dressing near the end of a quarter, because of two reasons. One is that they want to lock in any gains and the other reason is to hide their portfolios from freeloaders who like to copy what they are doing.

I think what we will see is a good second half of the year as far as the economy is concerned and more of a bounce to the upside in the market in the 4th quarter as has been typical historically.

Stay focused, stay invested and you will be rewarded for it later in the year.

Alfred E. Newman Stock Market

Those of you who remember the cartoon character from Mad Magazine, Alfred E. Newman, will recall that there was usually a caption saying, "What? Me Worry?" This market reminds me of that line. Nothing to worry about with this market. If you have been sitting on the sidelines, you are missing out on one of the strongest bull markets in American history.

The best place to be as an investor is fully invested. It is even better if you can regularly add to your accounts every month. However, there are pockets where you may want to re-position some funds.

There has been some quick and major changes in some sectors of the market. Some sectors such as real estate and utilities are showing some weakness. If you look at these two sectors on a chart, then you will see that there is no bottom in sight right now. A good reason to get out for now and take a wait and see approach as to when to get back in.

This is VNQ - Vanguard Real Estate ETF

This is VPU - Vanguard Utilities ETF

As you can see from both charts, they appear headed lower. A good reason to get out for now. This is a direct result of the new tax law that did no favors for the REIT and Utilities industries.

Thanks.

Change Your Financial Future Today