The Investing Diaries - Jan 7, 2021

Just when we thought 2021 couldn't get weirder than 2020, we saw an invasion of the Capitol building and a lockdown in DC. What a weird, weird time that we are living in, yet the market moves on.

One thing that continues to make me wonder about the world is the immediate credibility given and lack of fact checking that individuals do when they read something on the internet. It seems that people have lost either there ability to critically think or that people just don't care. It not only involves facts around events like those that occurred yesterday but also around what this site is developed around, companies and their values.

As social media continues to grow, and I believe ultimately it's a good thing, people must consider that not everything is gospel. Social media is there to connect us, not divide, and I urge those to follow only those that help you to be positive. There is no need for negative thoughts on your life, especially ones that are put there by others.

Now on to the markets.

Biden has been officially confirmed and the markets are looking to push forward again, up pre-market. Gold also is pushing North as I believe the market is beginning to think thatore stimulus and money printing will begin again soon. There are some great articles out there to look to decipher about what “should” happen with a Blue government. You can already see some reaction to this in the Nasdaq falling yesterday.

My main concern right now, in terms of my portfolio, is when I should sell my winners. I am currently making evaluations of each holding and will begin to sell some of them (or reduce) this week. You can't have a ten-bagger if you sell the five-baggers, but you also can't sell a five-bagger if you let it reduce in value. This is always the hardest situation for me, and like I have said in the past, I lose more money from selling too soon or not buying enough than I do from buying losers.

Until next time, happy investing!