Another Good Day
The Stay Invested portfolio was UP today: $364.24 (+0.35%)
Overall GAIN/LOSS YTD: +$27.03
Our benchmark index, the S&P 500 is DOWN Year-To-Date +1.71%
http://money.cnn.com/data/markets/sandp/
“You can't rush 90-Day Corn"
― Clay Baker
Escalator Up, Elevator Down
There's an old saying, call it a cliche, in the stock market that stocks take the escalator up and the elevator down. Never wanting to be out quoted, I prefer to say, "You can't rush 90-Day corn". The growth rate chart below proves this, well...for corn anyway.
Just as we tend to walk carefully in a dark room, human nature makes it hard for us to believe that a bull market can continue up, higher into the unknown; that's the escalator up. Yet we have no problem seeing the past and thinking that stock prices can fall, sometimes dramatically and in the heat of the moment we might even believe that stocks can fall to zero; that's the elevator down. It's never happened, but our imaginations are powerful things.
That little detour of colloquialisms and metaphor's was the product of someone asking why the portfolio wasn't going up faster. I get it, it's hard to tune in and get excited about a $364 day. Let's keep in mind that while we're stock picking, we are not day trading. I didn't buy all the stocks I'd like to buy, and we didn't take full positions, with the exception of Goldman Sachs. In fact, if I can sell something and buy more Goldman Sachs at or below our cost basis I'll allow that one to run overweight. The portfolio is intended to be equal weight. In time I'm hoping we'll get some more pull backs and more of this years stock picks will become more attractively priced. We still have over $58,000 to put to work.
With today's rally the portfolio is essentially flat. I'm still looking at a long list of candidates for the Bull-Pen and hope to find some time to write more extensively about each stock. Until then, I'm good with baby steps....and 90-day corn.
New Features
I like everything in one place and everything in its place. In an effort to make this site more useful for everyone I've added some new features. If you go to the Portfolio page you'll see that the portfolio is now live. No longer will I have to update a spreadsheet manually, you can now see every security updating live throughout the trading day.
I've also added a page I call The Dashboard. On this page I've added tools that provide a broad view to the market indices, the economic calendar and the days most Active, Gainers, Losers.
Stay Invested,
Clay Baker
ENTER YOUR NAME & EMAIL ADDRESS TO SUBSCRIBE
Keep Me Honest
S&P 500 declines to 2,350 or more (1-3-2019)
Healthcare and Biotech sectors outperform (1-3-2019)
Disclosure: I am personally invested long in some or all of these stocks or funds that appear in the Stay Invested portfolio and may purchase or sell shares within the next 72 hours. I am also invested in other stocks and funds that do not appear in the Stay Invested portfolio but may be mentioned or related to this article. It is not my intention to advise or encourage the purchase or sale of any security. I am invested long in these securities mentioned in this post:
AMZN, NVDA, BCRX, GS, BDSI, VEEV, VTI, GLD.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.