So how are we doing on January 13 after my advice on December 27?
1. Raising some cash made sense. The dollar has been increasing in value and there will be bargains. Don't do a FOMO buy of something just to stay out of cash. There will be opporunities. Keep some cash.
2. EBC, my sleep well stock, has drifted down a bit from $16.57 to $16.25. Low volume trading. I expect the first quarterly call on January 29 (earnings after January 28 close) to be nothing special. Every possible expense has probably been thrown into 2020 so that 2021 starts with a low bar. EBC should benefit from a steepening yield curve, its conservative loan portfolio, and the overall better Boston economy than can be found elsewhere. Still priced below book.
3. Bitcoin has been a stellar performer. From $26,270 it is now over $35,000. In fact, it got as high as $41,000 a few days ago but did the necessary retracement. A year from now, whether you buy it at $35,000 or whatever, you will be in a very profitable position.
4. Next to last choice, Gold. It's just goofing around. That is what what gold does. Own enough for insurance and as a cash alternative. My advice is stick with what you have, but do not buy more. Bitcoin (or cash or stocks) all better.
5. Finally, stocks. Getting out of the indices makes sense. Resource based stocks (WYR and XOM) are doing well. FB is going down, as expected, because of politics. (Not concerned with noise on that one; growth rate is fabulous, and this is not a major portion of my "ideal" portfolio.)
Normal caveats - not to be relied on, etc., etc. Just for fun.
LordD
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