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Barn Stall Owner #15
Fantasy Football Champ '11,'13,'17
Points: 49,374, Level: 100 |
Join Date: Jan 2011
Location: Somewhere between mild insanity and complete psychosis.
Posts: 7,972
Thanks: 319
Thanked 2,447 Times in 1,241 Posts
Gameroom Barn Bucks: $1050381
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I've gone the opposite way. I started buying long treasuries and gold in fall 2018 after the cycle peaked.
Sold last of long treasuries a couple of months back, sold remaning gold last week.
Portfolio is more bullish than it's been since early 2018. 25% of overall portfolio still in int. term bonds in 403(b). Rest equities (& 1% bitcoin).
+35% since Feb. 19th prior peak, QQQ is +25%. I've had a good year by virtue of being prepared for the crash. Still made mistakes though, and waited way too long to start buying. I only spent about about 20% of our cash/gold/treausry reserves buying stocks the week of the lows in March. Lesson I'm taking - when you get your price, buy. I was greedy and expecting more pain/tears/selling.
Joe Biden is getting the Bill Clinton treatment - handed success on a silver platter. Economy will rip in 2021. Trump getting screwed. 0% chance the media will credit him with what he has set us up for coming out of this lockdown crap.
Biden will **** the blue collar working class with amnesty and offshoring, but that won't hurt stocks. "Wealth gap" is going to start ripping again IMO.
.02
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