Last week, Nov 28-Dec 2, 2016, was finally a down week in the stock market after a few good rallies, post the election of Donald Trump as our 45th president. The S&P 500 was down a full percent, while the NASDAQ was down 2.7%. Technology stocks were being sold last week, while financial services were being bought. Also, the November jobs reports showed well for the U.S. economy, with a healthy labor market paving the way for continued growth ahead.
Last Week’s Stock and Bond Index Performance (Nov 28-Dec 2, 2016)
- NASDAQ -2.7% (YTD 5.0%)
- Dow Jones Industrial Average 0.1% (YTD 10.0%)
- S&P 500 Index -1.0% (YTD 7.2%)
- U.S. Aggregate Bond Index 0.1% (YTD 2.1%)
How did my retirement portfolio perform last week (Nov 28-Dec 2, 2016)?
Below is a snapshot of my three biggest retirement portfolio mutual fund movers in terms of percentage gained (or lost, in this case) last week.
The below mutual funds are held within my work 401(k) plan as well as two separate Roth IRA plans. All accounts are held with Vanguard.
- Vanguard Extended Market Index Fund (VEXAX) -1.9%
- Vanguard S&P 500 Index Fund (VFIAX) -0.9%
- Vanguard Small Cap Value Index Fund (VSIAX) -0.7%
Year-to-date my retirement portfolio is up 9.4% (the S&P 500 is up 7.2% YTD). I am my own portfolio manager. I don’t have help from a Certified Financial Planner or Advisor. I was a liberal arts major and I do all my own research on investing by reading regularly. My philosophy is to use low-cost index funds and its been working for a decade.