Today is the last trading day of 2017. 2018 trading will not commence until next Tuesday, January 2. I hope you enjoyed my annual List of 10 Things.
Investing is a competitive sport. I equate it to baseball, in that you must know what pitches to swing at and which ones to lay off. It also has elements of horse racing. That is, not because investing is gambling, it is not sorry to say; rather that you must avoid bad favorites and understand exotics (that is derivatives). You can read an article on the subject that I wrote many years ago for TheStreet (TST). Most of all, you need to be like Mr. Spock. Avoid emotion and employ logic and discipline.
2017 is nearly in the record books. Unless it closes lower today, the S&P 500 (SPX) will rise by 20% for the calendar year and record its best annual return for the index since 2013. I will have more to discuss about how 2017 fared next week when I look back at the year.
This should have been a year in which you were fully invested in the stock market. If you were not, you lost some great opportunities. That being said; 2018 will also be a good time to be fully invested. I will discuss that in My Gut Feeling for 2018. Of course, I am always here to help you with your investing needs.
Have a safe and enjoyable New Year’s Eve. Also, my best wishes for a happy and healthy 2018 for you and your families.
I cannot think of a better way to end the 2017 than with Billy Joel’s live version of Miami 2017 (thankfully 2017 did not turn out as the song prognosticated)
Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView AssetManagement, LLC was long SSO & SPXL — although positions can change at any time.
Scott Rothbort is the President & Founder of LakeView Asset Management, LLC, a registered investment advisor specializing in high net worth private wealth management. For more information on investing with LakeView Asset Management, LLC call us at 888-9LAKEVIEW or request more information by clicking on the contact button on the top right hand corner of the website. LakeView Management, LLC is a Nevada LLC, with its principal office located in Henderson, NV and branch office located in Millburn, NJ
Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant, beverage and agricultural stocks. An individual subscription to the newsletter can be ordered at www.restaurantstox.com Furthermore; Scott is also a professor at the Seton Hall Stillman School of Business in South Orange, NJ.
– Read Scott’s intra-day thoughts and comments on Scutify for which he is a co-founder of its parent company Wall Street All-Stars, LLC
– You can email Scott at email@example.com
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