Yes, OMG 😱… I hate to admit that the portfolio has plummeted all the way back down to…uhhh…where it was last Friday. It’s very easy to isolate a single down day like today and become fearful, but we have had two 37% corrections and a 25%+ correction in the portfolio over just the past two and a half years….and yet are still pushing up against the all time highs. Days like today when less than scrupulous I-banks downgrade entire herds of stocks (ostensibly so they can get in at a cheaper price before your end!) I try to check out and go workout on an otherwise gorgeous sunny day and to keep it all in perspective. I sold some COUP and some MDB yesterday on the good, but mediocre earnings announcements. MDB is a 5x return for me, so that will be a tax hit, but I wanted to free up some cash in anticipation of buying opportunities of much better companies like we got today, though I did not buy anything today. Super grateful and thankful for the many blessings we have had in the middle of an otherwise chaotic and challenging year. Cheers!!
User comment: Thanks for the perspective Victor! Please let us know if you feel like there any good opportunities to buy in the next few days.
Victor: “Oh what a difference a day makes…” 🎶
User comment: Yeah Wow!!
