I am so thankful for investment letters and investment reports.
They were very difficult to obtain back 20 years ago. Now many funds and investors post their letters and reports on their websites.
It is awesome that we can learn from good/great investors/traders for FREE!
Thank you for internet!
Thank you all those who share your awesome wisdom and insights!
I just read GreyOwl Q2 letter, which nicely and concisely summarizes the current market and outlook.
I do agree that the market is becoming more selective with the market so high and all the good news priced in.
With almost all the retail investors in, the likelihood of a correction/ crash is higher.
So many stocks are expensive that it’s hard to buy anything…
Also, the market volatility itself is a warning sign as well-
As I have said in the previous post, I am 30%+ cash right now. Yes, I sleep well at night.
I have been buying more oil stocks (FANG and EPM) for swing trading. Otherwise, I am not doing much.
Just being patient and waiting. I have also bought more dividend stocks (AGNC and ARR) to get paid to wait-
Yes, cash is king-
Praying for peace and prosperity-
Thank You Jesus for another blessed day. Let us always be thankful and give You all the glory!
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18