Markets continue to trade around all-time highs. In fact, this has become the best market since the 1930s; fueled by stimulus from the Fed and Congress. Early last week I had officially recovered ALL losses from the crash last spring. However, my portfolio looks a bit strange at first glance. In February gains were pretty … [Read more...]
Recent Buy: CVS
The disconnect between stocks and the economy continues! Share prices are still trading close to all-time record highs, at least on the surface. Tech companies and Covid beneficiaries are surging. Meanwhile travel, leisure, energy, and many more businesses continue to struggle. In my personal portfolio, Apple, Fastenal, … [Read more...]
Apple: King of the Dow
The coronavirus continues to ravage the U.S. economy. Cases are still largely rising in parts of the south and some states have even paused their reopening plans. Needless to say, the economy may take a bit longer to recover. Even so, there are certainly bright spots in the market. Some big tech firms are defying the trend … [Read more...]
Standing Ground
CRASH! March by far was the worst month of my investing career. At the bottom I was down nearly $50,000 or approximately 29%. This was a better performance than the broader market, which saw even steeper declines! The energy and travel sectors collapsed. Boeing, one of America’s largest, most important companies lost … [Read more...]
Coronavirus Batters Stocks
Sooner or later we were bound to have a nasty correction. I wasn’t sure what the catalyst would be, but I knew it was coming. We discussed, in subsequent posts, how I thought it might have to do with politics. Instead, a novel virus with origins in Wuhan, China has spread across the world. Thankfully, China now appears to … [Read more...]
Recent Buy: International Business Machines
Towards the end of last year, I added two new positions. With Ameritrade moving to $0 commissions I was able to average in a share or two per week. I eventually built up smaller positions in Honeywell (HON) and Cracker Barrel (CBRL). Honeywell is one of the highest quality industrial companies in the world and thus carries a rich … [Read more...]