It’s been a pretty crazy week for US stocks. I made about $100,000 in paper gains for the week. Sitting here regretting I didn’t go in stronger last week.
But technically I was all in already. All my cash was used up, I just had a ton of margin left to use. Again, I was expecting markets to at least go up and down, rather than straight up.
Despite the gains, I’m not really in an euphoric mood. Have come to realise that I’m investing for the long term and these gains don’t really matter. Still expecting plenty of volatile days ahead. Troubles don’t end when someone new becomes president. The next guy is likely facing a divided government, a China that will seek to test him, stopping the pandemic, and an economic depression. Seems easy enough.
I’ve not been buying and selling much into the rally. Just waiting for the smoke to clear.