"Rule #1: Never lose money." ~ Warren Buffett
I have stopped trying to reconcile the disconnect between the stock market and the looming economic crisis. Instead, I am now accepting that we are in a new bull market and enjoying the investment gains. I expect the rally and gains will be sustainable until the election, and perhaps even longer. Thus, I am holding the majority of our positions to experience a gain from the rally.
However, I remain cautious and continue to be skeptical. During this rally, I am putting only limited additional funds into few stocks, specifically precious metal ETFs. eg. SGOL, and a few select tech stocks, e.g. ESTC and FSLY . These will be speculative trading positions rather than long term holds. In addition, I will try to sell off some of the beaten up energy and REIT stocks I bought in March 2020.
With this approach, we will be ready for the next market decline, whenever that occurs.
Disclosure: At the time of posting, we owned shares of SGOL.
This is not financial nor investment advice. Please consult a professional advisor.
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