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.
Rally Fizzle?
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.
| Date | Start | Current | Change |
| 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% |
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