The Get Irked Week in ReviewEpisode 8 – October 8-12, 2018
In the markets:
• Unless you’ve been living under a rock, the marketwide sell-off following Jerome Powell, Chairman of the U.S. Federal Reserve Bank, commenting that he believed the Fed would need to “overshoot” rate hikes in order to cool off the economy dominated the news. The S&P saw a 6.46% range from its weekly high to its weekly low, the Dow saw 6.67% and the NASDAQ took the brunt of it with a 6.88% high-to-low range. • In order to fully keep our readers in the know, Get Irked published several updates throughout the week both covering market news and also providing updates on our trades. We also tried to keep Get Irked members aware of strategies and techniques to keep a cool mind and prepare to open or add to positions during the sell-off.
Getting Started – Tools & Resources:
• We revisited the importance of diversification, not only in self-directed stock portfolios but in entire investment portfolios, as a whole. A diversified investment strategy will include a range of equities, bonds, and other investments based on the risk appetite, age, and intent of the investor. For most investors, Get Irked recommends a blend of self-directed portfolios (if the investor’s interested in self-management) and managed accounts such as roboadvisers. • Inspired by the market sell-off, Get Irked dove into what is a dividend-yielding stock and how does the magic of compound interest lead to greater returns than simply taking dividends as cash. Dividend Reinvestment Programs (DRIP) are an amazing free way to take advantage of compounding returns.
Trades in Play:
• Trades in Play were huge this week. Get Irked provided several updates throughout the week about strategies and techniques being taken in our self-directed portfolios. The week’s roundup is going to be substantial, once again.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.