Election Day Plus Two: What Am I Buying And Selling?

 On November 5th, 2020. We are at Presidential Election Day plus two. Things are settling down. I think I know the way things could go. Democratic House, Republican Senate and a toss up for the Presidency.

Well maybe the image to the right will give you a clue. Yeah. I am a boring bull. Whoever wins the final presidential vote, things won't change much. President Trump, look at the last four years. Former Vice President Biden, look back at the last four years and imagine less tweets,

The truth form me, in my opinion, is that politicians create noise in the markets. Good for futures traders and day trading pundits. But for me. I look for more value and long term buys.

What am I selling these days. Nothing.

In my M1 account I have been buying, Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Next Era Energy (NEE)  and McDonalds (MCD) 

I added to my Apple at the $108 mark. I was just too tempted and we have seen a little bounce from last week. I think the major part of the post sales sell off is gone. I also wanted to get in before the ex dividend date came into play as Apple and Microsoft both pay a dividend in the next couple of weeks.

Amazon was just too attractive at under $3,000.   Next Era Energy is attractive as an alternative energy play. They have done well in the past few years, if the Democratic push on green energy grows it can do well. Even if the deniers of global warming win the skirmishes Next Era Energy is well place just as a utility with a growing population in its main region of the South East UU.S.

In my ROTH IRA. I am buying stock in QYLD. QYLD being a exchange traded fund which sells covered calls in the NASDAQ 100. I began buying it several months ago. It does well in times of fluctuating markets. Its a play for the next few months. There will be lots of volatility as the new presidency begins. Even if  you look forward to less Twitter action, new presidential brooms cause a little uncertainty in their first few months.

I am also investing in the financial sector exchange traded fund *XLF) Banks have been hit this year and the stock is below my $25.00 average cost. Time to add some more I think while I can. As the economy opens up toward the end of 2021, I think, Banks will come back to life, with XLF I don't have the worry of picking the right banks. I just have a lot of banks and insurance plays.

In general I am playing long term defensive, I believe. This post is not investment advice. I am only setting out my own personal strategy. You should look on this only as entertainment, or someones crazy ravings.  My plan is only taking into account my circumstances, you should talk to a qualified investment advisor before making any investments for yourself.

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No Talk of Highs

I was struck this morning by how little news there is of the recent Wall Street Highs.

The markets fall and it is headline news on every television channel as pundits let fly on where, When and how the market is about to fall to a disaster.

Here we are at dizzying highs and not a twitter from local and barely a tweet from national TV, apart from CNBC and Bloomburg.

Last October and November after sufdfering a stroke, I was recouperating at home. A friend called in everyday and he is a bit of a nervous type when it comes to investing, we would watch the financial channels, and on down market days he would clamour and fuss,

"Everything's Falling!"

I would just respond, "So maybe I'll find something to buy."

Its all very comforting though. Word hasn't leaked out yet that there is money to be made on the exchanges. Why do I say that?

When word gets out everyman, woman, child with their dogs, cats and hamsters will be investing again. The markets will grow bubbles and burst amid more tears and laments about how dangerous it is to invest in the stock markets.

Ah the cycle of the markets. Enjoy the quiet while it lasts.

The silence if innocence until the talk of Highs leaks out and we start the merry-go round again.

Thanks for reading. Do you have any thoughts or comments on this post. Please leave a comment below.

Good Morning March 30, 2012

Good morning to the last day of this first quarter of 2012.

Today will probably see some selling off of stocks for the profits gained in 2012 so far.

Don't worry that is not a bad thing. In fact I would recommend everyone to take and lock in profits at some time.  It is really the only way to make money on stocks.

Don't fret about seeing the stock rise even after you sell. You have just allowed someone else to make a little profit. 

But I admit it does feel good if you sell at the top, and watch the price fall.

Then of course you can often make plans to buy in a stock later.

This afternoon may see some good opportunities for buying in some stocks that have been sold off this week.

Keep an eye out for that and look to buy if you feel there are some bargains to be had.