Since January, we have witnessed a tug of war between the Bulls and Bears. There have been times where the bears seem to be taking over with a worried story, and times where the good corporate earnings create an enthusiastic cadence.
In our 2017 December newsletter, we wrote, "We have had plenty of bear market forecasters declaring doom and gloom during this nine-year long bull market. Eventually, markets pull back for a season until strength is restored. It is inevitable that markets take two steps forward and one step back. We are due in many ways for a pull back.
It’s a question everyone should ask themselves. Whenever we contemplate the choice, we think of generally two things. Should I spend the money today or should I delay the gratification to make life easier in the future? It’s that simple.