Rule #1 Finance Blog

With Investor Phil Town

Rule #1 Question of the Week: How Does Today’s Market Affect Rule #1?

Here's this week's Question:

Q:

Hi Phil Town,

I saw you on ‘The Millionaire Inside’ on CNBC and I’ve ordered your book.  I’m in my 50’s with a little over 100k to invest and obviously need to make double digit returns to have any kind of serious cash for retirement.  The question I have is whether you see an imminent correction in the DOW, or does it matter to your way of investing?

I’ve not been successful with investing, but I’m looking forward to learning from you… thanks for being there!

Shelly W.

A: 

Hi Shelly.  We don't consider the market.  Only the biz.  For more on this, read the post Bear & Bull Market.  Now go play! Phil Town