May 7, 2021 2 min read Historical Returns

Weekend Report 5-7-21

FIRE Portfolio up 17.57% YTD following my FIRE Tactical Asset Allocation (TAA) model versus S&P 500 up 12.9% YTD. VFINX fund serves as S&P 500 proxy.

Editor's note: This article is public for paid and free subscribers.

Included in this issue of The FIRE Letter:

Market Wrap
FIRE Portfolios YTD Return
TSP Model YTD Return
401k Model YTD Return
Benchmarks YTD Return

Market Wrap for the Week Ending May 7, 2021

The stock market started out mostly flat early in the week and finished up the last couple of days. Friday's upward market movement was driven by a huge disappointment in the April jobs report. Nearly a million new jobs were expected to be added in April, however, the US Labor Department reported only 266,000 new jobs.

Why did the markets like the disappointing numbers? Because lower than expected new jobs means the Federal Reserve is more likely to hold interest rates down for longer.

Overall, the S&P 500 was up about 1.2% for the week.

FIRE Portfolios - YTD Return

My FIRE mutual fund portfolio at Fidelity is up 17.57% YTD
My FIRE ETF portfolio at Schwab is up 18.64% YTD

My FIRE portfolios are still beating the market this year and they managed to put a little more distance between them and the S&P 500. Both of my FIRE portfolios experienced a nice move up this week.

TSP Model - YTD Return

My Thrift Savings Plan (TSP) Model is up 13.12% YTD

401k Model - YTD Return

My Generic 401k Model is up 14.77% YTD
My PPSF 401k Model is up 11.65% YTD

Benchmark Stock Market Indices - YTD Return

The S&P 500 (Vanguard fund VFINX) is up 12.9% YTD
The Dow Jones Industrial Average (State Street ETF DIA) is up 14.3% YTD

Thanks for reading!

Mike Bishop

Editor, The FIRE Letter

Disclaimer: All strategies including recommended trades published here are for educational and informational purposes only. They are not recommended for any specific individual, business, or other legal entity. I don’t know your age, income, personal or financial circumstances and cannot possibly suggest any financial or investing decisions for you. Seek advice from your accountant, financial advisor, and attorney before making any investing decisions. Always conduct your own due diligence before making any investing decisions.