Market Drop

I am going to buy some puts of the major indexes (a very, very small % of my public portfolio) as a pure hedge and hope my gamble doesn’t payoff. I’m also shorting Tesla, Apple and I’m going to try to buy some Nvidia if it keeps dropping.

Bad thing about having most of your money in PE holding co’s is that they are illiquid. Good thing is that they are illiquid so I only place a few small bets for fun on days like this.

 

these 2 have the market cornered pretty well.

 

It may, but not sure there are many undecideds at this point.
That being said, if you are that worried about how the markets perform, in my investing lifetime you would be in much better shape voting Democrat. While the R party talks a big game about being pro business, that seems to just be in regards to the C-Suite, not investors.

 

Have to think it hurts the incumbent party, but if the Fed drops rates and the market bounces back who knows.

Personally, never a fan of panic selling tho I wish I had followed up last week in selling one stock with a sizeable gain. Can be scary if near retirement, but even in 2008/2009 we rode it out, bought some on the way down and l/t it worked out well. Major hit today, but I'm still up for the year.

 

Hopefully you didn’t sell 50% at the open and buy back in later in the day Monday.

 

As an owner of a fair amount of FTNT it's been a glorious morning.

 

Probably a bit of both. Crowdstrike is pretty flat today but still slightly up. I think its mostly earnings.

 

I invested in it years ago for reasons I cannot recall . It just sits quietly in the far corner of my buy-and-hold portfolio.

 

I sold about half my daily gains on it and put it in an ETF.