Do you guys think we'll see the market rally back today?
I opened a position in TROW today after fixing my model. I made a big analysis post that I had to delete because the site I was using, Market Watch was pulling bunk cash flow data for some reason. It wasn't the only site. I had to actually go to their annual report to check the numbers.
I opened the position with 5 shares at $155. I calculated fair value for an investor requiring a 10% annual return at $169.
I'd like to build the position up to about $3500 over the next few weeks/months.
Wrong thread. That said... We'll have to see. We could have been up 1000 in the Dow and finished down a 1000. Alot like yesterday. We are going to be encountering some heavy volatility that will make moves like these, market norms. IMO.
I've used YNAB in the past and loved it, although it isn't free. If you have trouble budgeting it may be worth it. Once my lady and I combined finances, I let her take over as she's very OCD and is good at handling the monies. So now we use a combination of 2qip for reconciling, and excel spreadsheets for our monthly constant expenses.