Skip to content

Where markets are going from here. And what you should do.

Everything is priced in. Trump wins. Biden wins. Harry wins. It’s all there.

Half my friends are caught in the headlights — mesmerized.

The other half are selling everything, figuring that whoever wins will tank the market. Better to sell now.

The third half are aggressively doing nothing — but eyeing for a chance to buy their favorites cheap.

Me? I belong to the third half. I’m not optimistic about stocks tanking to become ultra-cheap.

In fact, it’s now 11:15 AM on Tuesday and my portfolio has gained back everything it lost yesterday, and a little more.

Reacting to volatility doesn’t work on the tennis court. Nor in the stock market

I am optimistic about finding some new excitement. I still have a little cash. Everyone is on that new excitement-finding mission. Here’s Cramer’s list from last night.

Forget 5G. Too early. Digitization we have covered in our technology portfolio. Hygiene doesn’t grab me. For example, here’s the last three months of Clorox. It gives unexcitement a whole new meaning.

Basically, work-at-home has upended buying patterns. No one wants a place in the city. So prices have dropped. Everyone wants a peaceful, virus-free place in the country. So prices have skyrocketed. Everyone wants love. The price of dogs have zoomed — if you can get one.

This is Xena. She’s brand-new. She’s the runt of the litter. Everyone passed on her. We think it’s because she’s got a little brown coloring. She’s a yellow lab. Not a brown yellow lab. Mark was lucky to get her. ($1,000). She watches us play. She makes weird sounds whenever I hit my return into the net. (Often).

Suffice, if you can’t buy something, its stock price will rise. What about more CHWY? It’s already up 31% since I put it in our portfolio. Xena and Rosie (our dog) are customers of Chewy.

I don’t know what to do with home renovation (I own HD and LOWE) but they’re not doing much.

Cars? I like Tesla. I own that.

Still looking.

Oh the joy of “professional” management

In October 2006 I invested in Goldman Sachs Vintage Fund IV Fund. The sales pitch was cheap slices of hedge funds. Investors wanted out, but couldn’t redeem their investment because of a “lockup.” Hence Vintage would buy those slices cheap — maybe 50% — and I’d get the appreciation in coming years. Well that was 14 years ago. The returns since then for me have been miserable. Around 3%. But Goldman gets ongoing fees. And more fees. Here’s Vintage IV brilliant result for this year — a loss of $2,968.

How can anyone lose money in 2020? That’s a huge accomplishment for Goldman Sachs.

I have emailed them asking why don’t they just close the fund and give me my $121,255 back? So far, no reply. It would have been nicer to speak to someone but their investor call center which deals with deadbeat (low net worth) clients like me told me to email them and I would get a reply. And pigs will fly. The email address, by the way is I hope someone in Goldman reads this blog. Maybe they’ll put me out of my misery and give me my money back?

Wonderful fake news

How to kiss the bride in a pandemic

Please vote

When you’ve vote, ask for stickers for you and the kids. Wear them proudly:

If you find a new exciting stock, please email me. – Harry Newton