Have you been investing in the stock market during the past 48 months or so? If you invested anything like I did, you invested with caution. By reaching 18,576.47 on Friday August 12, 2016, the Dow Jones all time high record finish, the market proved our strategy wrong.
Looking back we wonder why we were so conservative with our investment strategies. Most market indicators were telling us that a market correction was due. Yes there were a few dips along the way, but quick rebounds were the norm. Take a look at the Dow Jones Industrial Average Chart from Yahoo Finance. For 14 months out of the last 24, hitting a Dow Jones all time high. That is very impressive indeed. Now I wish I had invested more money in the stock market instead of having so much cash sitting on the sidelines.
Like they say, hindsight is 20/20. So where do we go from here? I am no expert in investing, but I believe you won’t go wrong with investing in growing companies that are leaders in their industry.
For example, take a look at Tesla Motors (TSLA). You could have bought Tesla stock on July 6, 2012 for $30.99 a share, it is now sitting near $225 a share. It doesn’t really matter if driving an electric car is right for you at this point in time, but it does appear that there are a lot of people out there waiting to get their hands behind a Tesla steering wheel.
Why is the Tesla Motors stock so successful? Because they are a growing company that is a leader in their industry. Better than Ford, better than GM, and better than Toyota. No other electric car can compare. I wish I would have bought TSLA when the price per share was low.
Dow Jones All Time High
Bottom line get out of debt and put money away on a regular basis. Do investment research and look for growing companies that appear to be doing things better than their competion.
This way, the Dow Jones all time high finishes will keep going up and up and you could make a tidy profit along the way.