10/31/2026
Day 170 of This Investing Challenge, And Today We Got WRECKED
The final trading day of October was brutal for tech stocks...
The S&P 500 fell about 1.8% today, while the Nasdaq dropped about 2.9% as investors reacted to disappointing earnings, rising AI spending, and concerns about whether Big Tech will actually earn enough on all of this massive investment.
October itself was especially rough for technology.
The Nasdaq finished the month down roughly 5%, marking its worst month since March 2025.
And some individual stocks got hit even harder...
📉 Alphabet suffered one of its worst drops in decades this week after investors reacted to heavy AI spending and negative free cash flow.
📉 Amazon was down more than 7% in premarket trading after reporting heavy cash burn and signaling even more capital spending ahead.
📉 Intel absolutely collapsed, falling about 29% in one day after its Q4 revenue forecast came in more than $1 billion below expectations and the company warned that cash flow would remain under pressure.
And this is exactly why, for this challenge, I like investing in broad index funds.
Instead of trying to guess which individual company will win…
Instead of watching one stock fall 20%, 25%, or even 30% in a single day…
We can spread our money across hundreds or thousands of companies.
That can dramatically reduce the impact of one company blowing up your entire portfolio.
If you want to see some of the Fidelity index funds and ETFs I’m personally investing in and researching, check out the next video.
Follow our road to $30,000, and I’ll see you Monday for Day 171!
Blake Alewelt
Shieldline Financial and Bravo Ridge Group at eXp Realty
[email protected]
https://www.shieldlinefinancial.com/
West Des Moines, IA
Licensed to Sell Real Estate in Iowa