Last week, Dec 19-23, 2016, all stock indexes were up slightly. The Dow Jones Industrial Average fell just short of reaching the 20,000 milestone. The Dow made a few valiant runs at 20,000 last week, getting as close as 13 points. Hovering near 20,000 means the Dow is trading at 17 times earnings, near the broader measure of U.S. large-caps (S&P 500) at 17.7, Luckily, the new highs for U.S. stock indexes are not accompanied by record-high valuations (in 1999, the original year of Dow 10,000, stocks traded at a P/E above 23). Many experts are forecasting slight volatility in 2017, despite pro-growth policies.
Last Week’s Stock and Bond Index Performance (Dec 19-23, 2016)
- NASDAQ 0.5% (YTD 9.1%)
- Dow Jones Industrial Average 0.5% (YTD 14.4%)
- S&P 500 Index 0.3% (YTD 10.8%)
- U.S. Aggregate Bond Index 0.4% (YTD 1.8%)
How did my retirement portfolio perform last week (Dec 19-23, 2016)?
Below is a snapshot of my three biggest retirement portfolio mutual fund movers in terms of percentage gained 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 Small Cap Value Index Fund (VSIAX) 0.7%
- Vanguard Extended Market Index Fund (VEXAX) 0.4%
- Vanguard S&P 500 Index Fund (VFIAX) 0.3%
Year-to-date my retirement portfolio is up 11.9% (the S&P 500 is up 10.8% 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.