Weekly Roundup - August 29, 2015
Money and Finance

Weekly Roundup - August 29, 2015



What a week!  As I'm sure everyone is aware of the stock markets took a big step back to start off the week.  The DJIA dropped almost 1,100 points in the first 10 minutes of trading Monday morning.  I almost couldn't believe what I was seeing as I was scanning my portfolio and seeing nothing but RED.  Lots of the early morning losses were recovered throughout the day but volatility had definitely spiked.  The S&P 500 and DJIA were both essentially flat for the week so the markets went everywhere but nowhere.

Unfortunately I didn't get to participate in the turmoil, aside from seeing my portfolio's value decline.  That's right no purchases for my FI Portfolio.  Although that's not because I was scared, worried, or didn't want to.  It was just a factor of not having available capital at the time.  It was one of the worst times as a long term investor to be caught without capital.  However, I'm quite pleased with the fact that my first instinct was to rush out and make purchases but in the end I knew it was the wrong thing to do because our finances took a big hit with the loss of our son.  $12k in expenses we always knew were a possibility but never really thought would happen will do that.  So I held off for now.  I have no idea if the bull run will continue marching on or if this is just the start of something worse, or better depending on your perspective, but over the next month or two I'll be doing my best to save as much as I can to get ready to load up on any other opportunities that we get.

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