Since retiring in 2019 and giving up the day-to-day responsibility of managing OPM, (other people's money) I have concentrated solely on growing my own. When COVID took over, I roared off to my ranch, sat tight, and traded rather aggressively. Naturally in tax-qualified accounts, one needn't worry about short-term gains. These are my 2021 IRA closed transactions while COVID was scaring the world. As you can see, the returns were far more than the stated % return because the account was only a couple of million, not the total dollar amount traded of eight million which is shown.
As time has passed, I have taken more time to consider the state of the American financial system I have altered my approach to my own financial well-being. Yes, I still sell call options on stocks. Yes, I still own passive investments. Yes, I still own real estate and have added to it. Yes, on occasion, when the charts tell me, I trade rather aggressively. Yes, I still own far more stocks than bonds. Yes, I still own large and small companies.
One thing is for sure boys and girls. Deficits matter. Debt matters and interest on debt matters. We will have a financial crisis on our hands. Bonds are rich. Stocks are rich. The FED honcho's have raised rates by 500 basis points. They are clueless; that whole bunch should be shown the door which is my definition of transitory. They can't knock inflation down and have run out of bullets.
I am not a pessimist.
America is being governed poorly. We are headed to a financial disaster.
Be smart about who you vote for this fall.
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