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RE: TIB: Today I Bought (and Sold) - An Investors Journal #279 - Payments Services, Ethereum, 56 Percent Club Update
As usual, great content! I find it interesting that more risk is not priced into these markets as stock remain elevated in the US and precious metals continue to decline. Also, volatility continues to be tamed despite the warning signs earlier this year that led to the implosion of the leveraged short volatility ETF.
Also had a question... why is the 56% metric relevant to your analysis? Is it an arbitrary number for you in your experience? Thanks!
Thanks. My view: Behind all the noise are some solid growth statistics across a number of markets across the world. We will see this in the US Retail reports coming up this week. Example: JC Penney went up today on a down day for markets. They report Thursday. Ultimately markets always come back to the data.
The 56 percent comes from a Facebook friend who once tried to spruik one of his pet projects asking "Which of your investments has done 56%?". As you can see I have a few - though the stocks side is a bit short of new ideas with nothing making 56% that was bought in the last 12 months right now. It's a game but it works for me as a way to step back each month. Takes about an hour to make the spreadsheet. I update prices every day automatically where I can and manually each week for the others. .