Back to Breakeven

I took a few days off from watching my portfolio or checking on the stock market. A quick vacation from the Internet.

And in a week, my overall portfolio went from red to green. There are some stocks up and some stocks down, but on the whole it’s green.

One of the reasons my whole portfolio is breakeven is that I bought a Bitcoin ETF last week, and it’s now up 23%. Also, a Chinese automaker that I own (NIO) is up 30% from my average cost basis. FNGS (Facebook, Google, Amazon, etc.) is now up 4% for me. Funny, some of my most “speculative” investments are what is making my current portfolio look good.

I must admit that there is a small part of my brain wishing to sell out every position and go back to cash. Isn’t that weird? I spend all this time researching stocks, writing about them every few days, moving my money into them… and then, as soon as I’m a bit profitable, I want to return to the way it was. All cash!

I won’t sell anything.

Still Slightly Bearish

I do, however, think that this rally is likely a temporary one before the market continues its move lower.

Company earnings are coming in better than expected. That’s giving people the idea that we’ll avoid a recession. But we still have the effect of high-interest rates to be felt in the system. In 3 months or 6 months, perhaps unemployment will start to happen and the market will turn red again.