“So many things to see and do… good times to be had.” If you are in Central Pennsylvania, you probably hear that jingle in your head over and over. I love going with my girls to Hersheypark. Their ride selection is somewhat limited since they are in the Hershey’s Kisses and Hershey’s miniatures height categories respectively. Every now and then when my wife puts them on a ride, I’m able to sneak onto a big boy ride. That was the case earlier this summer when I rode the new Hershey Triple Tower. The ride shoots you skyward and then lets you free fall from towers of various heights. The Hershey’s Tower is the tallest (189’) and that is an exciting ride to say the least! The ride provides a good analogy to the stock market. When you are shooting off the ground, you don’t know how much higher you have to go, you just see the people below getting smaller. Bull markets are the same way. When you see on the news that we’ve made a new all-time high or we are up a certain percent for the year, it is very tough to say how much higher it will go. If there was a way to know for sure when the market is at a high point, nobody would lose money! We do know that we are quite a way from the bottom of the market, so now is a good time to address your portfolio and plan. If you have an upcoming expense, consider using those gains to your advantage. It is also a good time to evaluate your allocation and see what you can be doing to protect your portfolio if your advisor hasn’t taken proactive steps. If you have questions about what we are seeing in the market, visit https://www.offofthecharts.com/. I’m looking forward to a few more trips to the park this summer and continuing to ride through the ups and downs!
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I'm busy working on my blog posts. Watch this space!