This year has been crazy for anyone invested in stocks. During the latter part of March, COVID-19 caused my stock portfolio to crash 30%.
First I panicked, but after some thought, I kept reinvesting into two sectors: pharmaceuticals and tech. I waited for the market to recover last month knowing that there would be a fast rebound and cashed out more than half of my holdings. I ending up buying Apple before their earnings report on the chance they would do their rumored 4–1 stock split. They did. Music to my ears.
I’ve avoided Tesla for a couple years now, but after the minor correction to $1300 and announcing their own 5-1 stock split, I dropped $2000 on Tesla for just over one share. This week has been cloud nine. Tesla had another monumental run up until today. Investors are buying like mad and pushed the stock past $2075 a share.
For the past 90 days, I’ve out paced the S&P 500 index by more than 35%, with an overall increase of 50%. In laments terms, for every $100 invested, I made back an additional $50. Fucking incredible.
Only in America where the economy can be in a recession and you can make serious money at the same time. This is insane.
I feel good. I feel blessed. Later world.