Robert Brokamp
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
All personal finance content follows Motley Fool editorial standards and is not approved by advertisers.
Advertisements are sponsored content and provided for informational purposes only.
To see our full advertising disclosure, please check out our show notes.
A couple's financial manifesto revisited and the Dowdy Dow has its day.
You're listening to the Saturday Valentine's Day personal finance edition of Motley Fool Money.
I'm Robert Brokamp, and this episode, I'm going to do something I've never done over my 14 years of podcasting.
I'm going to have my wife on as a guest as we look back on a plan for how we'd manage our finances that we wrote together 26 years ago.
But first, let's discuss some items from recent headlines.
On February 6th, the Dow Jones Industrial Average
$50,000 for the first time after crossing $40,000 less than two years ago.
Plus, as pointed out in a recent Wall Street Journal article, it has been the index to beat over the past few months.
Since Halloween, the Dow has returned 5.9% compared to 1.8% for the S&P 500 and a loss of 2.6% for the Nasdaq.
The Dow, which was called the old man index by a 30-year-old investor quoted in the journal article, has benefited from a lower allocation to the recently lagging tech sector and higher allocations to surging sectors like industrials, materials, and energy.
It is admittedly a quirky index, weighting its 30 holdings according to each company's stock price instead of their market capitalizations.
Currently, the top holdings are Goldman Sachs at 12%, Caterpillar at 9%, and then
Microsoft, Home Depot, Amgen, Sherwin-Williams, and American Express each come in at around 5%.
That makes for a diversified mix of holdings that, at least currently, is working out pretty well.