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Stock Market under President Biden
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(09-29-2021, 09:27 AM)The Real Marty Wrote:(09-27-2021, 10:18 AM)HURRICANE!!! Wrote: Right on cue as usual -- cruise lines are up ~ 15% since your post. Reopening stocks (including cruise lines, hotels, and other travel stocks) are on fire. I'm kind of in between an investor like you and a "day trader/gambler" like some others. I very seldom buy individual stocks and will ride them for a while, but most of what I do is sectors and ETF's. I tend to hold for the most part and have been holding through this latest dip. A few months ago as a "hedge" I got into some energy and financial ETF's. They tend to do well on a down slide which happened for me. I also look more at dividends. I rode Boeing for a while and if I had held it I would have done better than I did, but I got out of it a while back because they don't pay a dividend. However, I still hold an ETF that is heavily weighted by Boeing so I still reap some of the benefit of it moving steadily up. I toyed with the idea of taking some profits last week, but didn't. I'm thinking that I might move into a little more conservative stance rather than an aggressive stance (I am heavy into technology right now). Between the inflation that is upon us right now and the chaos in Washington with the threat of higher taxes and raising the debt ceiling I do think that the economy is going to slow down much more than it already has. The bond market right now doesn't necessarily look good to me either. I would rather be in stocks right now and probably concentrate more on the "safer" sectors such as energy, consumer staples and maybe materials. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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