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Sunday, 03/29/2020 8:14:29 PM

Sunday, March 29, 2020 8:14:29 PM

Post# of 1386
I think I might just be done trying to pick stocks. I really suck at it. I've had some huge successes. But lately I've not really spent enough time on it to have success.

Then again, I totally nailed the bear market, going from about 95% stock to a bit under 40% stock in the first week of Feb. That was vastly more important to me than my foolishness in buying POLA.

So, I'll gradually ease out of POLA, and head even more fully toward mutual funds.

I really like Janus 40. Gotta go with large cap. And of course Index 500.

But we have not seen the bottom yet. Our country lacks the key 3 ingredients that worked in other countries (masks, testing, and early action by clear-thinking leaders to shut things down when shutting them down was feasible). We have our fingers crossed that we have the same outcomes as in the countries that had those tools, but crossing fingers isn't going to really work. Turns out the anti-government, anti-elite, anti-book-larnin folks were wrong. And the folly of the idiots they elected is going to cost us all.

But in the meantime, cash is king. And Sams is a fool for not having sold POLA to a larger company. But I'm the larger fool for having invested in him.

Wadi

I am obviously NOT an investment advisor.

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