What Did You Buy Today?

[ken-do-nim]

(02-25-2021, 02:46 PM)fenders53 Wrote:

(02-25-2021, 02:19 PM)ken-do-nim Wrote: Here's where I run into my taxation problem.  This is all in taxable accounts.  Remember when I made the mistake of doing some rebalancing earlier this year, forgetting that it's the taxable and not the ROTH?  And it was a short-term gain too.  SOXL likewise if I sold right now would be a short-term gain, and I'm supposed to be selling off a lot of my company stock which although a long-term gain I need to do in large amounts.

I think I'll just live through this.  Back last March I watched TECL drop from $330 to $80 per share in my ROTH.  It hurt, but it was back in 4 months.

You gotta do what makes sense for you.  I'll be surprised if chips aren't in good shape in a few months.  SOXX definitely isn't speculative junk.  The very best comprise the majority.  There is already a chip shortage and 5G will start bringing smart everything to the home.  Things might be fine in a few weeks for all we know.  I'm not expecting a sharp bounce higher in days but you never know.  The market will just have accept rates aren't staying at near zero forever while we print trillions of new dollars without so severe FED intervention.  Historically these rates are nothing like high anyway.  The market is just spoiled and ran valuations up.  Companies that already refinanced their bonds are going to be glad they did.  The rest will have to adjust.  Balance sheets matter eventually.

My thoughts as well with regards to the chip shortage and "internet of things".  This isn't like the dot com crash of the early 2000s; these tech companies make lots of money.

So ... I will go back to my strategy of not looking until mid March.  See you all in 3 weeks