Last week, Feb 6-10, 2017, the Dow (20,269) and the S&P 500 (2,316) closed at record highs on Friday, with both gaining roughly 1% on the week. The increase was late in the week after President Donald Trump said he would announce “something big” on tax reform in the next few weeks. Investors are very optimistic that lower taxes could finally fuel faster economic growth.
- Consumers spent an average of $88 per day in January, which is down $17 from December (albeit that is inflated due to holiday shopping)
- 30-year fixed-rate mortgage drops slightly to 4.17% this week from 4.19% last week (one year ago a 30-year fixed-rate was at 3.65%)
- S&P 500 up 242% from March 9, 2009 low
Last Week’s Stock and Bond Index Performance (Feb 6-10, 2017)
- NASDAQ 1.2% (YTD 6.2%)
- Dow Jones Industrial Average 1.0% (YTD 2.6%)
- S&P 500 Index 0.8% (YTD 3.5%)
- U.S. Aggregate Bond Index 0.4% (YTD 0.6%)
How did my retirement portfolio perform last week (Feb 6-10, 2017)?
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 FTSE Emerging Markets ETF (VWO) 1.6%
- Vanguard REIT Index Fund (VGSLX) 1.2%
- Vanguard Extended Market Index Fund (VEXAX) 0.9%
I am a liberal arts major and I am my own financial advisor. My goal with this personal finance blog is to show all Millennial’s that you have the power to take control of your personal finances through self-educating on money and finance and striving to become financially literate. That is what I have been doing for years now, focusing on becoming financially literate, so I can one day become financially independent. I’m trying to prove to Millennial’s that we can all do this and thrive with money. Follow my blog as I highlight relevant personal finance topics pertaining to us Millennial’s.