The S&P500 is within a hair of an all time record high. Wall Street is pumping out IPOs and the exuberance is everywhere.
Being a contrarian investor, I think it’s prudent to start thinking about taking profits. The S&P500 is likely to top out around 3,000. I believe Emerging Markets have much farther to run, perhaps 10-30% from here.
Disney announced more details about their upcoming streaming service- the stock popped more than 10%…I thought it was a prudent time to harvest profits, so I’ve sold ~25% of my holdings. The remainder is linked to a $120 Call that expires 6/21/2019 and hasn’t yet been assigned, so my plan is to hold that until expiration.
Today I released a quick impromptu video commentary, with the snow coming down and my dog running around in the background. Check it out: https://youtu.be/yniwe-q9llE
The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
Listen to the Wealthsteading Podcast to receive updated market commentary:
The 10 Wealth Building Principles can be heard at:
Subscribe to the Wealthsteading Podcast:
via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058