Oh boy we are approaching the downtrend area. If we break through this with strength this month I’ll be full bull. The coming earnings season will make or break us in the short term in my opinion. Thoughts?
I’ve been trying to think about the cpi, macro environment what could happen this earnings season. I’m done with it all lol. Whatever happens it happens. Focusing on just the companies I own or want to own. But I do believe we aren’t at the bottom yet but what do I know lol
@christian7621 I agree, the holdings is what really matters. But I am sitting on some cash and like to think about deploying it at the most opportune time 😂 I also agree that I don’t think we’ve seen the bottom, but also the last bottom is now a long ways away so who knows
@dividenddollars I’m in the same boat as you man. Been sitting on cash for a while now. Actually bought a little SPXS a while ago because I thought we weren’t at the bottom probably a bad decision luckily didn’t use nearly all my cash just a nibble. Who knows anymore. I’m at the point where I don’t trust the fed and I don’t trust the bulls and bears, only thing I can trust is my companies and what they say and do
@dividenddollars I know we share Starbucks together. Been trying to add to that for weeks now it just won’t stop going up. Not complaining but I’m waiting to see their earnings to add that’s for sure. Wanna see the china numbers
@dividenddollars yeah cause I’m losing my sanity a little each day. People cheer the cpi now even though it’s still way too high. The fed talks and every single one of them plays games. Bearish, bullish, hawkish I don’t wanna hear it anymore. They play with the markets way too much. Do I trust they got a handle on inflation no but I also don’t wanna be bearish all the time. Focus on quality companies. Keep investing in those and block out the macro noise
@dividenddollars That's definitely what I am taking going forward into 2023. As soon as I am able to break even or make a little off this SPXS sell and dont look back. Focus on my companies I have been doing research in. I have alot of names everyone on here is gonna love my thought on. Love your portfolio though man. Keep up the grind you're doing great. Too many names for me lo I am 8 names, 9 at the most when all said is done but thats just because I like to invest alot in the same name as long as they continue to execute and their stay in tact. But build those dividends, you're setting yourself up for a great future. I am trying to buy some more dividend name shortly you will see