Transcript
Hello, everybody, welcome to Tuesday, the S&P 500 broke its six day winning streak was down 1.1%. Today, a six day winning streak is actually fairly unusual. So it was a really nice run. But luckily for us, we actually are on our seventh day winning streak with our accounts overall, over there were up about a half a percent, you know, across all accounts, again, every account is gonna be a little bit different, but very happy with that, you know, although the S&P 500 was down and the Dow was down, really the stocks and the holdings and the categories that we have, are still, you know, in favor, especially the 3D printing today, which did very well as of 2.6%, the Clean Energy areas, the innovative technology, all up over, you know, one and a half percent, good day all together. And so I’m very pleased with that.
Right now, again, it seems like things have gotten back to normal, the whole concept of this GameStop, and the shorting in the hedge funds, you know, is in the rearview mirror, I don’t know, that will, you know, be away from that forever, maybe it happens again. But a lot of that seems to be behind us, between the hedge funds, you know, moving away from some of the shorts on the smaller stocks, and the regulatory agencies coming in and trying to see, you know, what’s happening there also, it really, I think that is probably under control as far as that goes. And we always have to watch for, you know, what could be causing the next downturn, you know, for the most part, you won’t see it coming, if it’s a big downturn, that’s kind of how they work.
I’ve always used this analogy that, you know, if you’re walking down the street, and you know, somebody jumps behind a bush, and it’s dark, it scares you, versus, you know, if you know, that person’s behind the bush, it doesn’t scare you as much, which is why I said like, during the election, we might not see as much downturn, as everybody expects, because everybody was talking about it. So those things that are known, and now the hedge fund thing that’s known, etc, you know, could be something else that we’re not expecting. That’s why I think it’s pretty important to have the Stop Losses here. But the cash flow continues to go into these same categories. And I’m really excited about that, I have a process, you know, using these, you know, Signal Portfolios out of the spreadsheet, looking at that, you know, relative strength, motion, to find kind of what’s moving and where the money is going. Doesn’t work every time, I do have one philosophy, I don’t hold on to things that are doing poorly, for very long, sometimes, you know, week, four weeks, because usually, if I get in there, and it’s working like this 3D printing, we’re up, you know, nearly 10%, just in a very short period of time, we just started buying that on Friday. That’s working, right, that’s the right way to go. Whereas something that you know, falls right after I buy it, or what have you, I don’t really want to wait around and have it fall some more because there’s, it’s showing weakness that I really don’t want to have in the portfolio at that point in time. And again, it is a competition, you might have 5, 7, 10, 15 different pieces in your portfolio. And there’s 2300 different ETFs out there competing to get into your portfolio.
So if I have a piece that’s doing poorly, believe me, I have something else that I’m looking at that is doing quite well. And so I don’t really want to sit around and just wait for those things to fall, it creates a bit more transactions. Most of the times when I’m doing this, it’s inside of an IRA. So I don’t have to worry about you know, capital gains taxes. We don’t have commissions anymore on these transactions, either. So there doesn’t seem to be any real reason for me to kind of hang in there. I know. You know, sometimes it looks like there’s more transactions they need to be but it is working on the on the taxable accounts. You know, we’ve been making, you know, changes on those slowly but surely, we’re constantly working on those, those are custom. We have to go through them kind of one at a time and see what’s going to work see what the capital gain is, you know, what do we what are we moving into? Do we think it’s going to make more money. So a little bit of a different strategy for for taxable accounts and for tax deferred or tax free accounts like IRAs or Roth IRAs. So great day for us today, in my opinion, continuing the motion. Could be a good year. I hope so, so far has been and I look forward to talking to you tomorrow. Thank you very much.