Short excerpts from articles I found interesting.

I may not agree with the author and the following material is not intended as investment advice.

  

Twyla Tharp, from her book “The Creative Habit,” quoted by Steven Pressfield in his “Writing Wednesdays” blog - Nick Murray Interactive – January 2017

    • “I begin each day of my life with a ritual: I wake up at 5:30 a.m., put on my workout clothes, my leg warmers, my sweatshirts, and my hat. I walk out my Manhattan home, hail a taxi, and tell the driver to take me to the Pumping Iron gym at 91st Street and First Avenue, where I work out for two hours. The ritual is not the stretching and weight training I put my body through each morning at the gym; the ritual is the cab. The moment I tell the driver where to go I have completed the ritual.”

AAII Investor Update – 17 Investing Resolutions for 2017 – December 29, 2016 by Charles Rotblut

 

    • “…With that in mind, here is this year’s updated list of New Year’s resolutions for investors”

    • “…17. Take a deep breath. Often, the best investing action is to simply take a deep breath and gather your composure. Short-term volatility can fray anyone’s nerves, but successful investors don’t let emotions drive their trading decisions. It’s okay to be scared; it’s not okay to make decisions that could impact your portfolio’s long-term performance based on short-term market moves. If you find yourself becoming nervous, tune out the investment media until you get back into a calm state of mind and then focus on resolutions #1, #2, #3 and #4. Success comes from being disciplined enough to focus on your strategy and goals and not on what others think you should do.”

    • “Finally, remember that you have a life outside of the financial markets. Investing is merely a means to an end. Put the majority of your energy into activities you truly enjoy, including spending time with family and friends.”

Barron’s – Stocks Off 1% for Week, Up 10% for 2016 – December 25, 2016 by Vito J Raconelli

  • “…Last week, the Dow Jones Industrial Average lost 171, or 0.9%, to 19,762.60, breaking a seven-week winning streak. In 2016, the Dow rose 13.4%, with a total return of 16.5%...The Standard & Poor’s 500 index fell 1.1%, or 25 points, to 2238.83. Last year, the S&P 500 rose 195 points, or 9.5%, and returned 12%, including dividends, much better than 2015’s flat finish and 1.4% total return…The Nasdaq Composite fell 80 points, or 1.5%, to 5383.12 last week, and finished up 7.5% on the year.

  • “The market’s decline last week represents the first weekly pause in the rally ignited by the surprise Nov. 8 election of Republican Donald J. Trump as president and the GOP’s retention of congressional control.

  •   “…The market ended on a strong note, with economic conditions sturdy and perhaps picking up a bit in the fourth quarter, says Mark Luschini, chief investment strategist at Janney Montgomery Scott. That could mean better profit growth in 2017.”

  • “…This January has the potential of being better than the past three, all down sharply. Last year, the S&P 500 index had its worst first month ever, down 5%…This second-longest bull market in history still isn’t generating much exuberance, says Baird’s Antonelli. One worry is that stocks have rallied in a low-interest-rate environment, which is ending. Plus, as a rule, recessions end bull markets. But employment data, like jobless claims, show no evidence of that, he adds. Should the rally survive to the Ides of March, it will become the longest ever.”