Accountable Update

A Hot “Alternative Investment”

Back in June, I wrote about “A DIY Lesson Learned”, where I shared my experience of attempting to repair my hot water heater. After spending too much time and effort to fix it myself, I promised that I would just call a professional the next time I had a home repair need. It turns out, I didn’t have to wait long to see if I had really learned my lesson.

It all started when someone flushed a toilet while I was taking a shower. The warm shower become very cold and then scalding hot, which had never happened in the previous 12 years we have lived in our home. In my college days, a sudden change in shower temperatures was such a common occurrence in the communal dorm showers that it was expected that someone about to flush would announce their intent and wait for anyone in the shower to acknowledge they were aware of what was coming. “Crapper,” the flusher would yell! “Shoot it,” those in the shower would reply when they were clear.

When a Turkey Doesn't Fly

Yesterday, the S&P 500 marked the 3,454th day since its last 20% downturn. This bull market has officially become the longest on record since the end of World War II, more than tripling in value since it started in March of 2009. Add in dividends, and it has quintupled in that period!

So far this year, the S&P 500 is up 6.86% through yesterday.

What’s that?

Your portfolio isn’t up that much?

Well, you’re not alone…