What the?
- Leslie Lewis (she/her)
- Apr 9
- 2 min read
Have you been practicing Step 1 in the MGB Investing Starter Kit process? If so, you have seen that the S&P 500 closed at 5,062.25 on Monday and at 4,982.77 yesterday, down about 17% from its high of 6147.43 earlier this year, but today, rose up 9% to close just now at 5456.90. That's a lot of numbers, and it can seem overwhelming, but the basic message is-- It's pretty volatile.
What you need to know is: if you have taken the 12 steps for financial fluency in order, (and there are videos on this website for all 12 steps!), then you are well positioned to handle this crazy ride.
But if not, today would be a good day to start! Some people are panicking and others are using this as an opportunity to buy stocks 'on sale.'
Which one are you? Which one do you want to be?
It's a lot, and the political climate is more than I want to comment on right now. But taking care of yourself financially isn't political. It's practical and it's necessary.
I'm curious--What are you doing to take care of yourself in this time? I'm watching briefings on the market, dollar-cost-averaging into an S&P500 tracking ETF (aka the MGB investing Starter Kit instructions--I practice what I preach!), and doing my best to be gentle with myself. How about you?
Let me know in the comments. Stay safe out there. And as always, thanks for reading this.
Quick Links:
Step 1 in the MGB Investing Starter Kit process is HERE
Step 2 is HERE --Keep a Digit Tally, like You Need A Budget or RocketMoney or our free tracker HERE
Step 3 is HERE
What is Investing? is HERE
What is The MGB Investing Starter Kit? is HERE
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