Note One) I am a bumbling, Inspector Clouseau type amateur investor. For those with ears this should tell you all you need to know about any posts you might stumble across here.
Earlier this year the market went down… a bunch - and then; in April it went up a bunch. I got in - then I got out. Simple enough. But the getting out phase has created an annoying problem, much like a light tooth ache that just nags at me. Nothing severe - or perhaps just some irritating subtle background noise that you can’t seem to fully locate or turn off. Or something similar to that.
Anyway…the problem I have discovered is that now that I am “Out” I have pile of economic power just sitting around doing nothing much: ergo… a homeless camp of unemployed cash…as it were. See what I mean? An annoying fiscal problem…an absolutely ancillary unanticipated result of ‘The getting of the Out’ that probably, in different circumstances might be labeled as ‘collateral results’; Of no particular color, other than presenting me with the ordinary investing question of what to do now. See what I mean?
It doesn’t help that I am normally so inclined…maybe even addicted, to the “Doing of Something” side of life; which, I note is not getting all that less demanding as I get older. A very real, but personal, conundrum without well defined borders! The good news is that it is also something of an opportunity - such as that might be.
Note Two). Yesterday I was tempted - very, very tempted - to reenter APP. Sold at $374.89 but On Sale yesterday Pre-Market at around $341 and some change. In fact, with the exception of one name I sold a week or so ago, all the sellees are a at decent enough lower price tag now. (the lone name not actually below what I sold it for is ALAB - and I have sent a very stern letter to its CEO.). But…I resisted for a couple of reasons: 1) I just didn’t want to get back “In” when a full summer of travel and care free existence looms. And 2) By selling I have gained 3-4 hours a day in carefree opportunity to once again play a lot of golf or any other activity/or planned inactivity stuff as I so deem reasonably appropriate.
Now - having bleated about my self imposed investing dilemma like a helpless old goat - not all that sure old goats bleat but you get the gist of it - I decided to put together the New Dream Team roster that will/could/might bloom into existence at any moment…any moment. As Follows:
App - Franchise Player
PLTR - Power Forward
ALAB - Small Forward
HIMS - Point
TMDX/MNDY - Rotation Shooting Guards
NVDA - First off Bench
RDDT - Bench
INOD - Bench
NBIS - Bench
UPST - Bench
Any moment now…could be as soon as early September or October but probably sooner dependent on what the Market allows. Heck of a plan. Eat your heart out Warren!
All the Best,
Big Dumb Hick - Currently Uninvested.