The bull market roars ahead. Any pauses are minor as most indexes are at all time record highs. I haven’t done anything particularly clever this year, but am riding the tide higher.
Here are some ETFs year to date:
GLD gold 27.4%
SLV silver 24.2%
EEM emerging mkt 17.4%
QQQ Nasdaq 100 9.8%
SPY SP500 7.1%
IWM Russell 2000 0.6%
TLT US20 yr -2.4%
My account +7.5%. I’ll take it. I have an overweight position in NVDA. Without that I would be lagging behind. As is, I sold some calls and had to cover some for a loss as Nvidia kept moving higher. After a year of not doing much, the market cap leader is again leaving skeptics behind.
Some are making the analogy to the 2000 tech bubble. However, we might still be a year or more from the bubble top. Chatter about a bubble without chart action to back it up, is a remedy against the bubble. Because of the bear market in QQQ earlier this year (-20% from top), in my mind, that gave the market an innoculation of sorts from a crash at least for a year.
I do wish I were smarter, more clever, more nimble. This is mostly hindsight. I am riding the market higher with modest profits for the year. One reward is to buy a mid-price guitar, an Ibanez AAM300CE.
Here is a short video with me playing My Favorite Things:
https://www.youtube.com/shorts/JftpqQ4RHMY
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