Down below this post is the best performing themes on Friday, Risk Averse being #1. Below that is the worst performers and below that are the top rated stocks/ETFs in SL.
YOU CAN HIDE in bear markets. You can withstand the pangs of agony as we wait for things to improve. But you have to commit all the way, even if it means admitting you were wrong and moving on from legacy positions.
The value of your accounts is reality, not where they were last year. By holding a losing hand, you’re only going to make your situation worse. People ask me all the time about what they should do with their losing positions. Ask yourself: would you buy it today in this tape? If the answer is no, then sell it. It’s not that big of a deal.
The main stumbling block keeping people from selling their losers is fear of missing out. The thought process is, “OMG STOCKS ARE DOWN SO MUCH, IF I SELL NOW I’LL MISS OUT ON THE BOUNCE/BOTTOM.”
But what if you’re wrong and this economy is fucked for two years like in the 73-74 recession? You might be down 30-40% now; but if that scenario plays out you’ll be down 75% by next year.
LISTEN TO ME: HARDEN YOURSELVES FOR TOUGHER TIMES AND REMOVE THE FILTH FROM YOUR PORTFOLIOS.
Holding on to my large PLTR position with a 16.43 cost avg until 2030.. Def not letting go.
The Lufthansa monetary and fiscal score is over and Jimmy Powell is looking to kill our Morrie economy before any of us get our Danish, effectively telling the working class to go home and get their shine box, while Karen Yellen flushes any saved hopes of fiscal help down the toilet, while we look on and ask: What did you do that for?
The Lufthansa monetary and fiscal score is over and Jimmy Powell is looking to kill our Morrie economy before any of us get our Danish, effectively telling the working class to go home and get their shine box, while Karen Yellen flushes any saved hopes of fiscal help down the toilet, while we look on and ask: What did you do that for?