How to Make Money, The American Way
By John Persinos
Happy Fourth! The markets are closed today (Thursday, July 4) in observance of Independence Day.
As you fire-up the barbecue and enjoy your favorite libation, it's time to reflect on the stock market's rally year-to-date. We've just closed the books on a solid second quarter and first half of 2024.
In H1 2024, the main indices gained as follows: the Dow Jones Industrial Average +3.8%; the S&P 500 +14.5%; the NASDAQ +18.1%; and the Russell 2000 +0.46%.
The S&P 500 in H1 racked up one of the top-seven best starts in the last 35 years, setting more than 30 new record highs year-to-date.
After a stellar first half, the second half of 2024 looks promising as well. Want to turbocharge your gains for the rest of this year…and beyond? Just start making "lopsided bets" like the colonists did during the American revolution.
From rebellious colonies to global superpower…
Today is when we commemorate the adoption of the Declaration of Independence on July 4, 1776, in which the 13 colonies sought freedom from the Kingdom of Great Britain. I was raised and educated in the great city of Boston, so July 4 has special resonance with me (as does Sam Adams beer).
The American colonial patriots defeated the British in the American Revolutionary War (1775–1783), winning independence from Great Britain and establishing the United States of America.
By opposing the mighty British empire, the 13 colonies embraced monumental risk and took a leap into the vast unknown. Against the most fearsome military force on earth, the rebels' chances of success appeared slim.
And yet, this lopsided bet paid off…in a big way. The U.S. won its independence and went on to become the richest and most powerful nation on earth.
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