Mar. 10 at 3:24 AM
I suck at geopolitical market dips. I don’t sell, which is actually better than most; however, I don’t buy. To me, a buyable dip is down 7% or more in the major indices. So I just hold, watch my money elevator down while I “monitor the situation.” I think closely monitoring the geopolitical situation is overrrated. I think a systematic buying regime/checklist, which springs into authority upon a geopolitical dip that kicks in before the indices go down seven percent or more, factoring in likely earnings trajectory and probability of recession eighteen months out, amongst other things, is more likely to create alpha over the long term than being the world’s best situation monitor. By the time I’m comfortable buying anything, market already ripped up. That’s been the story of my life. Whack. By not selling, I’ve been minimally competent. Less whack. Maybe I can find a way to not even be whack. Not whack.
$SGHC $SPY