Why Last Week Was the Best Week for Stocks This Year
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 6 November 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Discover why last week was the best week for stocks this year. What caused the strong rally and what can we expect next?
Are you on track for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.
If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1268. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life, |
| 0:08.0 | pulling that's light, |
| 0:10.0 | if y'all know what I mean, put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of bed |
| 0:16.0 | I'm gonna live a good time |
| 0:18.0 | I'm gonna live the good life |
| 0:21.0 | and beautiful and financial freedom without budgets, boredom or bosses on |
| 0:31.6 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. |
| 0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.0 | On today's show, we're going to discuss that last week was the best week for stocks this year. It's so exciting because if you remember back on October 13th I |
| 0:57.6 | posted a buy signal on the podcast then on October 30th I, is there a year-end rally ahead? |
| 1:05.0 | And on November 1st, I said NASDAQ is ready to take off. |
| 1:09.0 | And that's exactly what's been going on. |
| 1:11.0 | Last week was the best week for the S&P 500 and the NASDAQ for an entire year. |
| 1:19.1 | Not only that, but prior to last week, the Dow Jones industrial average was down 0.63 for the year and |
| 1:27.2 | last week alone the Dow was up 5.07% That's pretty incredible. The S&P 500 last week was up 5.85% and the |
| 1:39.1 | NASDAQ was up 6.61%. Again, those two indexes had the best performance in the last year just |
| 1:47.9 | last week. And prior to the S&P being up 5.85% last week, it was up 8.67% for the entire year. |
| 1:58.1 | So if you were out in cash last week, you missed spectacular returns returns which is why we always say we want to be |
... |
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