Good afternoon lads
I’ve been a bit busy and will be a bit busy for the next month or so setting up my new entity. Plus anyway, it’s the end of the year and no one really gives a shit about stocks right now — but you should. Let this be a reminder: go sell out of your losers for tax purposes and spend those soft dollars now, preferably on Exodus, because come January 1st you’ll kick yourselves in the head for forgetting.
If you do not need the loss, fine. But if you don’t need the loss, you probably did something very wrong this year — so maybe you truly need to rethink your process, no?
I’ll be selling out of my retarded UVXY and possibly even my HMNY positions, both my largest losses of the year. I have immense gains in other areas and this will offset them nicely. It makes no sense to pay taxes on short term gains, when some of them can be offset by the losers. You can buy those idiot stocks back in 30 days.
As for Exodus, I will be updating the GARP portfolio soon, something I do twice per annum — and of course my new quant portfolio — which will be updated on a monthly basis in 2018. Right now I am 100% GLD.
Stocks are mildly stronger today and Bitcoin has recovered somewhat. I like gold and oil here, especially gold. The crypto proxies are a little tired, coming down from their sugar high. That trade might be flagging a bit here. But do not worry, things have a tendency to revive in January, with the new year and renewed spirits.Comments »