When it’s over

What to do

When its OK to stay after the party is over

Remember our boat analogy of the past?  If the boat is full or empty you want to take the other side.  The boat isn’t quite empty of bulls yet, but the last remaining passengers have their life jackets on and are waiting to disembark.  Some that got off earlier, say in September, thought they were smart and bought short term bonds.  Nope, they got just as annihilated mark to market with the 2 year bond yield jumping almost a full percent.  Sure, they will hold to maturity and not “lose”, but you can do the same with your stocks by not selling NOW.  Should you? What is your plan?  You cannot change your account value or PNL from Friday’s close, but you can change it moving forward. 

Ok, you read the first paragraph, hopefully you are thinking and processing….just what is Rob trying to say and where is he going with this?  Before I go there, I ask those who subscribe to this substack (free version) to consider the value of reading the 2nd half of our weeklies and joining our daily WhatsApp distribution list.  For $6 a month, I think I would have saved you (made you?) a fortune in 2022.  The proceeds go to charity for goodness sake!  Thanks for your consideration.