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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: the traveler who wrote (8379)	3/8/2020 3:16:44 PM
From: Kirk ©	1 Recommendation Recommended By the traveler Respond to of 26595

Good job to make money overall! I only owned it once with a small position I inherited. It was one of my parents largest positions but my third was under $10K so I didn't want to add a new, small position to my personal portfolio that I didn't want to put in the newsletter so I sold it, added some of my cash to buy $10K in SPY at Schwab to increase my indexed, large cap to go with my large, overweight to small and mid cap tech at the time. I made about 4x before I sold all the SPY reinvested dividend shares when Trump was talking about taxing stock gains with FIFO... Funny to think how good a move is just to sell something and buy an index! Another reason to avoid it for me is I have a great advantage in semiconductor and optical communication related stocks due to my schooling and 20 year work experience but I had no experience competing with JR and Boone other than watching "Dallas" on TV... Also, with much of California wanting those companies to go bankrupt as they don't like not having control over what they pay to drive their hated autos.... I decided to "expand" my universe to biotech which is loved here as much as Silicon based technology. I've had limited success with tiny names but great success with a maker of picks and shovels (Agilent) as well as a Fidelity Select Bio fund I trade in my IRA that is well, well into house money and not falling much so far in this COVID-19 scare to buy back any since my last profit taking.