Investing Successfully is Really Hard | Above the Market (plus weekly summation)

It's time for the weekly summation again and though it's technically a holiday weekend, banks and the market are open tomorrow so tonight you get it even if hopefully most of us have better things to do during the next two days.  Confidence continues on the rise and jobless claims continue on the fall.  Tonight I found an article that may prove to be an excellent primer on investing.  The link below is very brief though the actual paper, supplied in pdf form, is 110 pages, but may be worth archiving for future reference.  Continue enjoying the holiday.

Succinct Summation of Week’s Events for 6.30.17

June 30, 2017 5:00pm by Barry Ritholtz

Succinct Summations for the week ending June 30th, 2017

Positives:

1. Corporate profits rose 11.5% y/o/y in Q1 to annualized $1.729 trillion.
2. Real GDP was revised up from 1.2% to 1.4%.
3. Personal income rose 0.4%, in line with expectations
4. Consumer confidence rose from 117.9 to 118.9, above the 116.7 expected.
5. Jobless claims continue to be low, coming in at 244k.

Negatives:

1. Durable goods fell 1.1% in May. Ex transportation it rose just 0.1%.
2. Consumer spending rose just 9.1% in May. Nondurable goods spending fell 0.5%.
3.Pending home sales fell 0.8%, the third consecutive monthly decline.
4. MBA mortgage applications fell 6.2% w/o/w;  S&P Case-Shiller rose just 0.3% in April
5. Initial jobless claims rose 2k w/o/w to 244k

Investing Successfully is Really Hard | Above the Market
Posted on "The Big Picture" June 30, 2017

My newest column for Research on Wealth magazine is now available. I hope that you will read it as well as the entire issue. The conclusion follows.

“Investing successfully is really hard. Even great investing is really hard to abide. But if you avoid stocks or do not find a way to abide stock market volatility, it will be really, really hard for you to meet your financial goals.”

Investing Successfully is Really Hard