Investing often feels like a battle against yourself. We fear losses more than we value gains. I know I am as guilty of that as anyone. That is a big reason I am trying "to step away from the batter" (a reference that over-stirring pancake batter makes for worse pancakes). Also, if I am really a long term investor, why am I making daily trades? My wife's IRA and kids college funds do as well as my brokerage account - and I probably make just one or two trades a year for them.
This is a year where I will need to think a bit. I am expecting to get more cash than usual - not entirely sure what I will do with
Oh well, 1st world problem as they say.
While I have noted how well MFI stocks have done post the Trump victory, they have had a minor setback this week. Today it was the component of MFI I have questioned a bit, biotech stocks. In his press conference today, Trump channeled Hillary a little bit, bashing drug prices.
- AMAG dropped from $35.70 to $23.40
- MYGN was down 8% today
- FPRX was down 8% today as well
- UTHR was down 6% today (sad as I own).
But, all is still pretty good. Open tranches are leading by 5 points.
Shows What I Know
In the shows what i know category, One of the best MFI stocks has been BPT - despite my suggesting to steer clear of royalty trusts as they do not have the reinvestment component like Jake's Bubble Gum shop.
|1/29/2016||$ 24.82||$ 30.25||21.9%|
|2/26/2016||$ 23.44||$ 30.25||29.0%|
|3/24/2016||$ 15.10||$ 30.25||100.3%|
|4/22/2016||$ 15.60||$ 30.25||93.9%|
|5/27/2016||$ 13.07||$ 30.25||131.4%|
|6/30/2016||$ 17.21||$ 30.25||75.8%|
|7/29/2016||$ 15.94||$ 30.25||89.7%|
|8/26/2016||$ 16.91||$ 30.25||78.9%|
|9/30/2016||$ 18.07||$ 30.25||67.4%|
|10/28/2016||$ 22.00||$ 30.25||37.5%|
|11/25/2016||$ 21.35||$ 30.25||41.7%|
|12/30/2016||$ 23.75||$ 30.25||27.4%|