# Everything is fine - we are all fine...how are you? **URL:** \ **Category:** Where Angels Fear to Tread\ **Created:** [March 10, 2023, 8:38pm UTC](https://discussion.fool.com/t/everything-is-fine-we-are-all-fine-how-are-you/89768 "2023-03-10T20:38:44Z")\ **Posts on this page:** 1\ **Showing post:** 118
**Author:** ![LifeOfDreamer](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/lifeofdreamer/32/3945_2.png) [@LifeOfDreamer](https://discussion.fool.com/u/LifeOfDreamer)\ **Post date:** [August 8, 2023, 5:53pm UTC](https://discussion.fool.com/t/everything-is-fine-we-are-all-fine-how-are-you/89768/118 "2023-08-08T17:53:59Z")
I get the impression that some folks are upset with me. “Why can’t you just be positive?!” “Why can’t you just be optimistic?!” As if my posting the actual news, and not my whimsical hopes and dreams, will somehow single-handedly bring about an end to their lucky FOMO/MOMO-based YTD “bull” run. Literally, a couple months ago Saul dropped non-profitable SaaS and rediscovered how he picked stocks for the previous few decades successfully - namely that valuation and PE and mattered again. Fast-forward a couple months and we are right back into the late 2020 and pre-Nov 2021 mindset. I am actually an optimist. My friggin username is “Dreamer” for a reason. I love technology and the benefits it can bring, and has brought, into the world. I do think AI, AV, and EV technologies will all continue to change the world. I always thought digitally targeted advertising that caters to the things I am actually interested in would always be a better outcome. But I also want to have more money for my family and my retirement, than I do today. To that end, I want to buy stuff at an entry price and sell it at a higher exit price. I don’t want to gamble. I don’t really want to trade. I am not good at it, nor do I have time and patience to get better at it while still full-time employed. Ideally I want to enter stocks and hold for at least a year for tax purposes or at least until it hits the exit price…sometimes whichever comes first depending on a host of personal financial factors. Most of the stuff everyone around here was buying in 2018 hasn’t panned out over 5 years in a meaningful way: SQ, AYX, TWLO, OKTA, etc… How about just 2 years ago? Saul port two years back: > [@My Portfolio at the End of July 2021](https://discussion.fool.com/t/my-portfolio-at-the-end-of-july-2021/55867): > > Here’s the summary of my portfolio at the end of July. I wrote at the end of May that ” the “Sell growth, buy junk!” rotation that we saw for the first 4½ months of the year may finally be over”. And at the end of June I said, “It looks like I was correct”. Well we are at the end of July and it still looks that way. My portfolio finished July at up 21.9% YTD (or at 121.9% of where I started the year). My low for the year in mid-May was 81.5%, so this was a rise of roughly 50% for my entire por… his positions were: **Crowdstrike 18.4%** **Cloudflare 16.5%** **Datadog 16.5%** **Upstart 14.5%** **Snowflake 10.0%** **Lightspeed 7.8%** **Zscaler 7.8%** **Docusign 5.1%** **ZoomInfo 3.8%** I don’t think he is in any of those. All should be much lower now, than at that time. Yet if I said anything about those valuations, I was “being negative”. Ok. You do you. I will do what I am going to do. Here is what is going on out in the real world. [https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html](https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html) people taking out money…cause they need it. > **[Credit card balances jumped in the second quarter and are above $1 trillion...](https://www.cnbc.com/2023/08/08/credit-card-balances-jumped-in-the-second-quarter-and-are-above-1-trillion-for-the-first-time.html)** > > Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012. people charging stuff to credit cards…cause they have to. Don’t mind me. Just a negative Nancy. I am sure it will all be just fine. Dreamer --- _[View the full topic](https://discussion.fool.com/t/everything-is-fine-we-are-all-fine-how-are-you/89768)._