To The Moon

🌟🌟🌟The "October Effect" is defined as the psychological anticipation that financial declines and stock market crashes are more likely to happen during October than any other month.  After all the Stock Market Crash of 1929 and Black Monday of 1987 all happened during the month of October.

Yet over the past 2 decades from 2003 to 2023, October has been relatively favourable for the markets with the Dow Jones, S&P 500 and Nasdaq 100 all ranking among the top performing months, achieving average gains between 0.8% and 1.5%.

So while past performance is not indicative of future performance, there is no certainty what  this October will hold for the markets  in 2024.  Not even the most experienced trader nor the big financial institutions can predict with any degree of  accuracy what October will hold.

Will it be OctoberFest where the stocks will continue their upward momentum?  Or will I be hunting for Red October stocks?

Well this October happens to be just the month before the US goes to the polls on November 5 to select the next President.  There is no doubt this important event will be a market catalyst. 

Then there is the recent double happiness of the Feds cutting interest rates and the blitz of stimulus proposed by the Chinese authorities.  This has resulted in much bullish optimism in the markets with some ETFs/stocks hitting their 52 week high. 

What I do know and can control is the action that I can take in October.  As I am an eternal optimist with the utmost conviction that the stock market rewards those who are patient and have long term horizon, I will continue to stay invested in my core portfolio holdings.  These are key Index ETFs in the US, Singapore, Hong Kong and the Australian markets as well as quality stocks such as the Magnificent 7.  

The recent market rally in September has shown me that my strategy of Buying  and Holding these ETFs and quality stocks are bearing fruit.

So even if it is Red October, the hunt is on for Red October stocks where it is the best time to bargainhunt quality stocks /ETFs on sale.

However if it is OctoberFest, then I will celebrate with gusto by having a beautiful vacation with loved ones. 

No matter which way the market will pan out in October, it is a Win Win Situation for me. 

As Warren Buffett likes to say "The stock market is a device for transferring money from the impatient to the patient."

And I have a lifetime of infinite patience to ride the waves of volatility to achieve my goal of FIRE - Financial Independence Retire Early!

@Tiger_comments  @TigerStars  @Daily_Discussion  @MillionaireTiger  @CaptainTiger - Happy National Day and Golden Week😍😍😍🇨🇳🇨🇳🇨🇳🌈🌈🌈💰💰💰