Below is the Sunday night weekly summation, the positives being a partial trade war agreement and a drop in jobless claims, the negatives being a deepening of the Ukraine scandal and fewer new job openings than last month (though only by a trifling 120,000 over 7 million openings.) The bonus this Sunday evening is a very informative article from last week's U.S. News Invested about a number of ways to invest without much money. Pay particular attention to item #7 about Acorn Advisors. Sign up at Acorn and they automatically take every credit card purchase and round it up to the nearest dollar, transferring the difference to a basket of ETFs. It sounds like a fantastic way to grow a fund without any effort at all and without any pain at all. Hope everyone had a great weekend.
Succinct Summations for the week ending October 11th 2019
Positives:
1. Partial agreement has brokered a truce in the trade war; “Skinny” Trade Deal appears to be within reach.
2. Jobless claims fell 10k w/o/w from 220k to 210k.
3. Import prices rose 0.2% m/o/m, above the expected decrease of 0.1%.
4. Wholesale trade rose 0.2% m/o/m, in line with the previous 0.2% increase.
5. Export prices fell 0.2% m/o/m after previous decrease of 0.6%.
6. Consumer credit rose $17.9B in August, above the expected increase of $17.0B.
Negatives:
1. Two Rudy Giuliani associates are arrested on campaign finance scheme; Ukraine scandal is broader and deeper than previously understood, with more administrative officials and countries involved than previously believed;
2. Home mortgage apps fell 1.0% w/o/w, below the previous 1.0% increase.
3. Job openings came in at 7.051M in August, down from previous 7.174M.
4. Same store sales rose 5.7% w/o/w, decelerating from the previous increase of 5.8%.
5. TD Ameritrade Investor Movement Index fell 11 points in September from 4.62 to 4.51.
6. PPI-FD fell 0.3% m/o/m, below the expected increase of 0.1%.
7 Easy Ways to Invest Without Much Money
It is quite possible to start building a portfolio and growing your wealth.
Forget the common myth.
In the past, one of the most common investing myths was that you needed a lot of money to be effective. However, that’s just not true. Even if you don’t have a lot of money to invest, it’s possible to start building a
portfolio and growing your wealth. Here’s what you need to know about making a difference for your future – even if you think you don’t have enough to invest.
It’s OK to start small.
Understand that it’s just fine to start small as an investor. You might be surprised at how much you can earn over time when you’re consistent. The sooner you start, the more time your money has in the
market – and the more compounding returns will help you. While you’ll probably need to increase the amount of money you invest later, even building the habit of investing what you can is a good thing. Make investing a priority now, even with small amounts, and when you’re in a better financial position, you’ll be more likely to keep investing.
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