Is It Time To Throw Caution To The Wind In Your Retirement Portfolio?
The United States economy continues to roar back… Earlier this morning payroll processing firm ADP announced the US added 742,000 job in April.
This is a huge jump from the 565,000 jobs added in March.
And it’s the most jobs the US has added in a single month since September 2020.
The new jobs were added in some of the hardest hit industries from the pandemic… Restaurant, hospitality, education, and healthcare.
But also showed strong gains in manufacturing and construction as well.
This all from Covid cases falling nationwide to lows not seen in months… Which is leading to more cities and states lifting Covid restrictions.
A major factor in this rapid improvement are the vaccines… Its now estimated that more than 55% of adults in the US are now at least partially vaccinated.
Even better news on the economic front is that the job gains were across the board coming from almost equal portions of government hires, large company hires, and small business hires.
These are all great signs because they show the recovery is now becoming “more even” instead of focused in only one industry or sector of the economy.
This is all great news… The economic recovery finally looks somewhat stable. So should you throw caution to the wind with your retirement portfolio.
Not so fast…
There are still enormous risks out there that I’ve continued to let you know about.
You can see those articles below.
- Warren Buffett – “We Are Seeing Substantial Inflation”
- Steps To Take Now As Inflation Rises
- What Should You Do As Home Prices Skyrocket?
- Do This As US GDP Grows At The Fastest Rate In 40 Years
- Why You Must Build An Emergency Fund Now
- 1 Tip To Protect Your Retirement – Avoid Bonds
- The United States Is Now The Highest Valued Country On Earth
What I do recommend though is cautious optimism – with the keyword being cautious. Because we aren’t out of the woods yet.
And continue to make sure you’re invested in great stocks that have the following traits…
- They’re cheap.
- They have little to no debt compared to a lot of cash.
- They produce large profits and cash flows.
- They pay dividends.
- And make sure they aren’t in industries that could be hammered by Covid.
These kinds of stocks – the ones I try to find for you every day – are things you should continue investing in because they will provide you good to great returns no matter what the market is doing.
All while protecting you from the major risks like valuation, unemployment, debt, and inflation.
Here are some of those stocks I’ve already found for you to consider investing in to protect your portfolio…
Your guide to financial freedom and achieving your retirement goals.
Always in your service,
Publisher Stock Market Daily
P.S. Breaking Poll – Is The Economy Coming Back Strong? Vote Here