This Trump tweet is good news for your portfolio
From Nick Rokke, Analyst, Palm Beach Daily:
“Stock market at a new high, unemployment at a low. We are winning and TAX CUTS will shift our economy into high gear!”
That’s what President Trump tweeted to his followers on November 29.
And he’s right. Love him or hate him, the economy is getting stronger.
I even took a road trip through the Midwest this summer to highlight the strength of the U.S. economy.
The mainstream media told us the Rust Belt economy was struggling. I expected to find crumbling factories and deteriorating towns.
I found some of that… But what I mainly saw were new industrial buildings popping up and people thriving.
At the Daily, we dig beyond the headlines. We get out from behind our comfortable desks and travel far and wide to find out what’s really going on.
Once we know the facts, we can help you create a solid investing plan.
The crux of a strong economy is a strong consumer. Without anyone to consume things, there would be no business. Today, I’ll show you the consumer has never been stronger and what that means for your investments.
Jobs Are Coming Back
Just over the past year, the economy has added 2 million jobs. That means 2 million more people are collecting paychecks and are ready to spend some money.
Look at the chart of total jobs. It’s gone straight up since 2010.
But here’s the thing…
Not only are more people employed, they’re making more money.
According to the U.S. Census Bureau, real wages (wages adjusted for inflation) have increased 10% since the bottom of the recession ending in 2010.
And this growth has pushed real median household and personal incomes to all-time highs.
The truth is, more people are working than ever before. And they’re making more than ever before.
That means people are spending more than ever before—which is why the economy is growing so rapidly.
The growing economy means companies will make more profits. And more profits generally mean higher stock prices. That’ll boost your portfolio and retirement accounts.
You must have money in stocks. If you don’t, you will be left behind as the market continues higher.
Nick Rokke, CFA
Crux note: If you’re someone who gets their information from the mainstream media like CNN or the New York Times, you’ll probably laugh in our faces.
It wouldn’t be the first time. Being popular and making money aren’t always related.
You see, right now, there’s a lot of buzz about a stock market bubble… The talking heads say the bull market is about to come screeching to a halt.
In fact, one former hedge-fund manager thinks this bull market is so early… you could still pocket 30 times your money or more across a handful of plays. Get his full confession right here…