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Top of the Market Tuesday – Cashing Out While We Can

And we're out!    Our Long-Term Portfolio hit $2,027,896 yesterday, which is up $1,527,896 (306%) since we started the portfollio with $500,000 back on October 1st of 2019.  We had cashed our previous LTP with about $2M as well as I was worried that the market was overbought and we didn't have a correction until March – and that was due to the virus, not really a proper market correction.  Then the stimulus made every trade a winner so here we are – back at $2M again and we're not 100% cashing out but we are paring back our positions significantly .   The LTP is already over 50% in CASH!!! so cutting 1/2 of our positions should bring us to about 75% CASH!!! and then the CASH!!! is our hedge – as we've got tons of money to go bargain-hunting if there is a sell-off and, if there's not – well clearly we know a lot of ways to win. I started the LTP Review in yesterday's Live Member Chat Room and we'll finish it up here this morning: Long-Term Portfolio Review:   $2,027,896 is $68,608 since our June 15th review.  Keep in mind we only started this portfolio with $500,000 on 10/1/19 so $68,000 is 13% of our original base in a month!  That's the value of compounding your gains but, unfortunately, we're also compounding our risks and that is making the hedging more and more expensive to protect ourselves.  The STP is, in fact, back down to $90,000 as it took a huge hit from CMG and, of course, the index hedges so, on the whole – we're at the same $2.1M we've been at for the whole summer.   Still, the question here is whether or not to cash out the LTP and today is one of those days when you do feel like it's silly not to participate in this market as it does seem to bounce back from anything.  Also, I don't have a great alternative to put the money – that's another issue.  What would we do with $1.5M if we cashed in and started from scratch.  I guess I'd buy a lot of T and VZ and GOLD and SPWR – but those are positions in the…

TIME TO PROTECT CASH – Aid EssentialsAnd we're out!  

Our Long-Term Portfolio hit $2,027,896 yesterday, which is up $1,527,896 (306%) since we started the portfollio with $500,000 back on October 1st of 2019.  We had cashed our previous LTP with about $2M as well as I was worried that the market was overbought and we didn't have a correction until March – and that was due to the virus, not really a proper market correction.  Then the stimulus made every trade a winner so here we are – back at $2M again and we're not 100% cashing out but we are paring back our positions significantly.  

The LTP is already over 50% in CASH!!! so cutting 1/2 of our positions should bring us to about 75% CASH!!! and then the CASH!!! is our hedge – as we've got tons of money to go bargain-hunting if there is a sell-off and, if there's not – well clearly we know a lot of ways to win.

I started the LTP Review in yesterday's Live Member Chat Room and we'll finish it up here this morning:

Long-Term Portfolio Review:  $2,027,896 is $68,608 since our June 15th review.  Keep in mind we only started this portfolio with $500,000 on 10/1/19 so $68,000 is 13% of our original base in a month!  That's the value of compounding your gains but, unfortunately, we're also compounding our risks and that is making the hedging more and more expensive to protect ourselves.  The STP is, in fact, back down to $90,000 as it took a huge hit from CMG and, of course, the index hedges so, on the whole – we're at the same $2.1M we've been at for the whole summer.  

Still, the question here is whether or not to cash out the LTP and today is one of those days when you do feel like it's silly not to participate in this market as it does seem to bounce back from anything.  Also, I don't have a great alternative to put the money – that's another issue.  What would we do with $1.5M if we cashed in and started from scratch.  I guess I'd buy a lot of T and VZ and GOLD and SPWR – but those are positions in the…
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