Geez the us stock market is on a roll. When will this come crashing down?!
I pray every day for stocks to fall so I can run my options strategy. I sold half my tsm position because it got too large a few days ago. Proceeds of 20k. Then it went up 10% today.
I also got increased cash by 60k last month sitting in sidelines for the past month. And markets went up 5%. Granted I had derivatives but net I underperformed by 3%. That’s 2k of cash drag. Blimey.
An buy-and-hold ETF investor like me doesn’t care. I do have a moderate position in BTC though. That has been doing pretty well. We also get to buy company shares with a pretty solid discount and tax benefits, but downside is the minimum holding period of 3 years. Quite a nail biter to buy-in and hope that markets wont come tumbling down like Humpty Dumpty.
I work for asset management company, which offers active investment strategies. My employer offers tax-deferred investment pool for bonuses, which in are invested in these active investment strategies. haha they are so ■■■■■■■ horrible, every year it gets beat by the market index by a wide margin. The hubris is such that no one seems to notice or care or see the irony.