This week COVID90 portfolio stock PLURALSIGHT (PS) was officially acquired and taken private by Vista Equity Partners. The sale price was $22.50/share. This is the first of the COVID90 stocks I’ve parted with, and if given the choice, I wouldn’t have sold. I think PS could easily have gone to $30.
As to my overall market outlook. Many of you keep asking why I’m not selling to take profits. So, at the risk of being redundantly redundant. I want to reiterate, what I’ve already iterated. I currently have NO plans to sell my core positions. The market and economic indicators that I track are all projecting continued growth. That’s not to say there won’t be a 5-10% correction tomorrow. The S&P 500 has been dipping that amount on a monthly basis all year. I regard those pullbacks as BUYING opportunities, not times to panic.
History is rhyming with the economic aftermath of the 1918 Spanish Flu…we’re experiencing the Roaring Twenties. Hopefully this time without Prohibition.
Will inflation be a problem? It will be for people that don’t invest in appreciating assets. Ancient Wuhan proverb says, “Don’t be one of those people.”
Wealthsteading Podcast Episode 324 still hasn’t been recorded, but here’s an eight minute video were I highlight 4 stocks that epitomize the continuation of the ReOpening rally: https://youtu.be/GBpKChOIYlY
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