This weekend I realized the many of the stocks I bought last week have fallen be cause the are SAAS (Software as a Service) stocks. The current expectation is that AI may obsolete some of the software offered by these companies, since AI will do it for much lower cost.
I'm not sure if the market will continue to rebound or reverse to fall again. If it continues to rebound, I will consider whether sell some positions I bought last week for a small profit, or risk that it will be a bull trap and wait. If the market reverses, I will hold the positions I have and be ready to buy some more VOO which is the S&P index ETF.
I expect this week will be volatile which may create unexpected/unwanted excitement. I don't plan to sell any of the diversified stock, ETF, or mutual fund positions that I am holding. I only plan to sell individual stocks that have been bought on speculation that a rebound will happen.
This is not financial, investment nor trading advice. Please consult a professional advisor.
Copyright © 2026 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment