Shesa's JANUARY 2021 Investment Blog

 

JANUARY 2021 - INVESTMENT BLOG

By Shesa Nayak

U.S. Stock Market Update   

Wishing  my blog readers a WONDERFUL NEW YEAR-2021!! May this year become another spectacular year for all my blog readers!

What an unprecedented year was 2020!! There was nothing that seemed right! Finally, it’s a sigh of relief that the year has gone. The year saw the deadliest Coronavirus pandemic world had never witnessed! The whole world became standstill, cities became dead cities and finally the vaccines were released a couple of weeks ago. There are vaccines available but those are not being distributed on war footing and the pandemic continues to worsen day by day. There are still more than 10 millions Americans unemployed. The stock market saw the quickest recession ever, in 19 trading days! With all these negatives surrounding, we saw the fastest stock market bounce back in history and witnessed a spectacular stock market performance. The U.S also saw one of the most important elections of our lifetime and Joe Biden was declared as the 46th president of the United States. He will be sworn on January 20. So, what’s in store for the future? I do not know but we may see an entirely different approach to running the country. Let’s hope that the dignity and superiority of the USA would prevail. But what can we expect in 2021? Now the question comes to mind, what happens in 2021? Will the stock market have another great year? I have done my due diligence and will share my thoughts but first let’s take a quick glance at U.S stock market indexes.

Indexes	1/2/2020	Close FRI 12/31/20	Change in 2020	% Change in 2020	All Time High
DOW	28,538.44	30,606.48	2,068.04	7.25	30,637.50
S&P 500	3,230.78	3,756.07	525.29	16.26	3,760.20
NASDAQ	8,972.60	12,888.28	3,915.68	43.64	12,973.33
BTK	5,067.45	5,739.02	671.57	13.25	6166.36
NBI	3,786.54	4,759.14	972.60	25.69	4960.63

Major News

• On Wednesday, January 20, 2021, Joe Biden will be sworn in as the 46th president of the United States and embark the commencement of the four-year term as president and Kamala Harris as vice president of the USA.
• GDP Growth: Q3 GDP growth was 33.4% quarter over quarter and annual growth of -2.8% FED’s GDP forecast: The FED expects real gross domestic product to fall just 2.4% in 2020, compared to a decline of 3.7% predicted in September.
• U.S Coronavirus Cases: Coronavirus cases have been making records day after day for the last several days. The number of cases has gone up to 20.2 million vs. 12.16 million, up more than 60%, Death: 348K vs. 256,347 since my last blog. Unfortunately, more than 91,000 Americans have lost their lives since then.
• Retail Sales: In November the retail sales decreased -1.1% but sales were up year over year by 4.1%. December retail sales numbers are expected in the next few days.

• The unemployment rate declined to 6.7% in November, down from 6.9% in October. First-time filings for unemployment benefits totaled 885,000 vs. the Wall Street estimate of 800,000.
• US Total GDP/Economy: $21.6 trillion Interest Rate: 0.25
• Inflation rate: 1.2% (month over month 0.2%)
• Consumer Confidence: 80.7 slightly down from 81.8 since my last blog.

A look back to 2020 Stock Market The year kicked-off well. DOW rose to an all-time high in the first seven weeks of the year. The U.S economy was on strong footing with lowest unemployment in history. Then came “Coronavirus” like a tremor which took the world to a standstill. Most cities in the World became dead cities. The world had never experienced such phenomena and not sure if we will ever see such pandemic in our lifetime. The stock market across the globe collapsed. All the U.S stock indexes fell like a rock and lost almost 45% of their values in less than a month. We encountered the fastest bear market in history within 19 days! DOW collapsed to 18,213, S&P 500 to 2191 and NASDAQ collapsed to 6631 points. Then came the $6.5 trillion stimulus:

• TOTAL U.S. Government Spending: $6.5 trillion
• Federal Reserve: $3.1 trillion Govt Stimulus Spending: $2.6 trillion
• Govt Stimulus Tax Relief: $900 billion (Govt)
• Govt Coronavirus Stimulus (Dec 27): $900 billion (latest)

The Federal Reserve declared that it’s committed to purchase as many Treasuries and mortgage-backed securities “in the amounts needed” to help stabilize the U.S. economy. It would also purchase agency commercial mortgage-backed securities. It declared “unlimited quantitative easing” till the economy recovers. And that launched the market like a rocket. After that, we saw a V shape recovery in the stock market despite lackluster economy. The pandemic continues, more than 20.2 million American got affected and more than 348,000 American lost their lives which is more than the World war. The COVID-19 vaccine was finally approved and released but the horror may continue for the foreseeable future. Furthermore, the year saw social unrest and protests across the country which was never seen in the U.S before. We just experienced one of the most contentious elections in American history! An election of not only two different parties but two different ideologies. Despite the fact that Joe Biden was declared as 46th president of the United States, the fight continued. Whatever it is, soon we will see democratic government for the next four years. We hope for a better time ahead but only time will tell how it will go.. What to expect in 2021? Is the longest bull market coming to an end? There is a sigh of relief that finally one of the worst years has gone! So what can we expect going forward? Will the market repeat the performance of 2020? It’s difficult to predict and I don’t like predicting unknowns. However, here is my analysis of positives and negatives that I visualize going forward. Positives $ 900 billion stimulus: As we are aware, the last $900 billions stimulus was finally signed by the current president after Christmas. This will help the economy, particularly the following: Direct payment checks of up to $600 per adult and child $300 per week for enhanced unemployment insurance benefits $25 billion for rental assistance and an eviction moratorium extension Presidential Honeymoon During the seven periods of divided government since 1932, S&P 500 rose 60%, on average according to Yardeni research. If both Senate runoff elections in Georgia go to the Democrats, stocks might not do quite as well because of fear of tax increase. However, some sectors may boom. During six Blue Waves over the period, when Democrats held the White House and both chambers of Congress, the S&P 500 increased an average of 56%. Since 1932, stock market returns in the post-election period have been mostly pretty good. Here is how market has performed: 1 month: -0.7%, 3 months: 1.2%, 6 months: 2.9%, 9 months: 6.8%, 12 months: 5.8%. Earnings Growth: For 2021, analysts are forecasting earnings growth of about 23%, with Not including energy stocks, which are climbing out of a deep hole, the biggest gainers are expected to be in so-called cyclical sectors that do well when the economy does well. Analysts are forecasting a 78% jump in profits for industrial companies, 61% for those providing non-essential consumer goods or services, and 29% for materials firms. Economy to bounce back: We know pandemic has caused havoc to the health and economy of this country. But now that we have vaccines available and hopefully the future administration is expected to work on a war footing, we may see many businesses reopen, which in turn will generate job growth which is key for consumer spending. As a matter of fact, we could see the economy bounce in 2021. I can say in the later half of the year. Vaccines: COVID-19 vaccines are there but the administration is not well prepared to distribute and vaccinate!! But things should change soon after Jan 20th. More stimulus by the Biden administration: Expect more stimulus once Joe Biden takes over as 46th president, we can expect more stimulus to reignite the economy. Business Re-opening: As more and more people get vaccinated more businesses will reopen that will bolster the economy Employment will pick-up as more businesses that were closed due to COVID-19 will reopen and many businesses which were partially closed will reopen as usual. Pent up customer demand for products: The hardest hit sectors should recover as consumers are waiting for pandemic to be over. This will result in more consumer spending. Reminding that consumer spending is 70% of the U.S economy. Increased corporate profits due to accelerated business. Many of the above factors will help corporates to generate more business/revenue contributing to their top and bottom line. Easy year over year comparison: Several beaten down sectors impacted by COVID-19 will have easy year-over-year comparisons because of their depressed revenue and profit during pandemic viz. travel, leisure, entertainment etc. However, it can also be noted that some sectors will face challenges as they will have tough Y-O-Y comparisons due to their booming business last year viz. WFH stocks, Cloud stocks, some technology stocks, So, I do anticipate sectorial rotations of funds. In fact, it has already started. Trillions of dollars still sitting on the sideline: There were about $4.5 trillion Cash in money market funds which could further pour into the stock market. I do feel that we may see some of that money flowing to the market once recovery starts gaining momentum. FED to Keep Interest Rates Low which is very healthy for the stock market. I do not foresee that these low interest rates will go away soon, at least for the foreseeable future. This should help individuals and corporates as they can borrow cheap money adding to their buying power or business growth. Fed to continue with quantitative easing (Buying bonds/other assets) to continue for a foreseeable future - this is the impetus and the reason I do not see the stock market to fall significantly. THANKS to FED for their continued support. As long as FED continues its QE, I do not see a significant fall of the stock market.

Negatives Bull market is getting tired: Well, if I am a skeptic, evidently I have a point to prove. If we look back this is the longest bull market that started in March, 2009. To be specific, on March 9, 2009 DOW was down to 6547, S&P 500 to 676, NASDAQ to 1268 points. We might say that after a 64% rally in the S&P 500 since the low on March 23, this market may soon run out of gas, but historically, the second year of previous bull markets has been rewarding for investors. Having said that, we have been hearing about the tired bull market since 2012, so those folks who pulled out their investment thinking market is overvalued must have missed the best return of their lifetime. More stimulus could increase Inflation: Some inflation is good but if it causes rapid growth then investors may get nervous that the Fed may stop QE or increase the interest rates. Better Economy does not necessarily mean better Stock Market Return Frankly speaking, a better economy should result in a better stock market and hence better ROI. But it does not necessarily mean that we can expect better ROI next year compared to 2020. If we look back, 2020 the economy was at peak in February followed by a pandemic hit. The stock market went down like rock but bounced back like a hydrogen balloon. So, despite the lackluster economy, we saw a great stock market. Usually, stock markets factors in the news a few months ahead of the actual event. Hence, if we think that the economy will bounce back in the 2nd half then the market should go up in the first few months. Bubbles in IPO market and some sectors The hyped IPO stocks could see top time in 2021 with high valuation and may struggle to meet the expectations because of top comparison. Value stock may do better, however selected technology stock may still continue to do well. We may see small cap stocks bounce back. Avoid Panic Selling: In my view, investors avoid panic selling during expected volatility in the new year. If we look back to the 1930s, if an investor was out of the stock market the 10 best return days per decade, his or her returns would be just about 19% compared to about 16,490% returns since then. That’s the reason, I always say I am not an “all-in” or “all-out” investor. Some Strategies to be kept in mind It’s immensely important to have some strategies in place: I have written about my strategies many times. It’s better to have multiple strategies for long term and short term investing/trading. Market may not always be favorable, hence one should be able to acclimatize to the fast changing market situation. What are the best strategies? One has to define his/her own framework that works for that individual. But we all must remember that greed and fear (emotions) drive people to make right/wrong decisions resulting in gain/loss. Hence, it’s better to analyze our portfolio and emphasis on the following factors:
What equity do I have in my portfolio?

• How much risk can I take? It depends on several factors
• Do I have enough savings if the market turns south?
• How much cash do I have?
• What is the timeframe of my investment? Investors age may also be a determinant
• What to buy, when to buy?
• What to sell and when to sell? Exit strategy is very important.
• Investment is short term/long term/trading/Option?
• What’s my strengths and weaknesses?
• The most influential facts that control our investing strategy is GREED and FEAR. This is one thing we must remember always.

Sectors expected to do well in 2021 Renewable Energy: Georgia election on Tuesday, January 5 is an important one for the Biden administration to push its policies. In case, Democrats lose then also the Biden administration would be able to advance its “green” agenda. Biden has already committed to rejoining the Paris Agreement on reducing greenhouse gas emissions; solar and wind sources are already the cheapest sources of power generation to build now; and state-level and corporate policies are supportive of green initiatives. Outside the U.S., the European Union is focused on a green recovery. The countries like China and Japan have set carbon-neutral targets. Renewable energy stocks are already on fire but they should continue to do well in my view. Travel, Leisure, Restaurants, Entertainment, selected Retailers: These sectors were beaten down hard. Many of those have already recovered but still there are some opportunities. Because these stocks will have easy comparisons on their last year’s earnings and get their momentum back due to vaccine and demand pick up. Having said that, not every stock may do well, so it should be a stock picker’s market. Cannabis: Democrats policies will be supportive of this sector. Democrats are expected to decriminalize marijuana possession offenses. Also, they could change the SAFE Banking Act, which would allow cannabis businesses to work freely with banks. This will enable the cannabis companies to get financing from banks which is not possible at this time. I also expect that down the line they will legalize marijuana for medical use and states may get more autonomy. Infrastructure Sector: Whether democrats win the Georgia senate election or not this is one area where both democrats and republicans agree. Hence, we can see more infrastructure spending that would support the economy. Biotech: We may see many mergers and acquisitions due to competitive drug pricing, I will watch oncology stocks, gene editing, some vaccines and antibodies stocks. As people age, there will be more medical needs. In the third quarter of 2020, about 28.6 million Baby Boomers (born between 1946 - 1964) reported that they were out of the labor force due to retirement. This is 3.2 million more Boomers than 25.4 million who were retired in the same quarter of 2019. This is a sector which is going to be challenging but demand will always be there. Health is wealth. The latest technology in genetic sequencing, gene editing, use of artificial intelligence (AI) and machine learning (ML) will help the industry to have major breakthroughs. Again, this sector is a stock picker market which may bring success or failure. International Stocks: The Biden administration is a boost for emerging markets, particularly Asian markets, dominated by China. As I said before, U.S and China relationship could get better. Also, the Biden approach could possibly devalue the U.S dollar that would lower U.S. interest rates and increase budget deficits. That’s good news for emerging markets in as stronger local currencies tend to benefit commodity-exporting countries How did my Portfolio do in 2020? The Pandemic was the worst thing that the whole world witnessed! We can hope that it gets over soon and never see it again. It devastated the economy and shattered the stock market. But the collapse in the stock market on March 16 also gave tremendous opportunities, particularly if you had cash and a plan in mind. As far as the stock market was concerned, it was a good/great year for investors. In February, I had pinged to my WhatsApp group that COVID-19 is a medical and economic problem that makes it scary but it also brings a great opportunity for long term investors. The market had fallen like a rock but it also went up like a hydrogen balloon, when the Federal reserve declared unlimited quantitative easing. The economy has still not recovered from the shocking pandemic but the stock market took a V shape recovery. There was volatility in the market, people were working from home and that created a perfect storm. My strategy for long term investing, small part trading, and some options strategy did pay well. I always compare my performance to S&P 500 as a benchmark. During the last one year S&P 500 went up 16.26% but my portfolio could shatter the S&P 500 by 737%. Generally speaking, such things do not happen many times and whether it will happen again is difficult to predict. It’s just not possible to get such ROI. Many folks think that I have more emphasis on biotech stock. Yes, I do like the biotech sector. However, my major ROI this year is not from biotech rather from the sectors like travel, leisure, retails etc. The biggest winner of my portfolio was NIO which had a remarkable year returning more than 1041%. The worst losers in my portfolio were AMRN and ACB. I have/had removed ACB from my portfolio but will hold AMRN till next few months when European approval is expected. I have not invested a penny in Bitcoin at this time. What was my strategy? I keep writing about my strategies in my blog, keep putting in my WhatsApp group. We need to identify the right stock and at the appropriate time, do dollar cost average and have a strategy around it. Take profits when needed, have a long term investing strategy and short term trading strategy. One should be willing to take some calculated risk but not extreme risk that one gets broke after failure of one or multiple stocks in the portfolio. That would be catastrophic! We can’t succeed in every stock pick; we must remember we are not superhuman. As an investor, we must have our greed and fear under control and have the right strategy and take decisions, sometimes it needs very fast decision making. Many of such strategies do not come only by reading and researching but from our own experience and learning from those experiences. How did my WhatsApp group stock perform in 2020? There were many stocks which are not in my Blog Portfolio but I had shared my view in the WhatsApp group that provided a humongous return. Here are some of those: Airlines: LUV, UAL, DAL. Leisure: EXPE, CCL, NCLH, PLAY, TRIP. Vaccines: MRNA, NVAX. Renewable Energy: FSLR, SEDG, PLUG. Technology: QCOM, MRVL, WDC. Biotech: CRSP, BMRN, NWBO. Cannabis: APHA, Financials: FAS. For the performance of my Blog Portfolio stocks you can see the performance in “Shesa’s Blog Portfolio” table.

Major Stock Market Performances in 2020 

Indexes	52 weeks (% change)	YTD % (last blog)	YTD % Change (current)
DOW	6.02%	2.54%	7.25%
S&P 500	15.29%	10.11%	16.26%
NASDAQ	41.75%	32.12%	43.64%
China Shanghai Index	12.57%	10.74%	13.87%
India BSE Sensex	15.45%	6.37%	0.25% (Jan 1)
Japan Nikki	16.01%	7.91%	16.01%
Hongkong Hang Seng	-4.6%	-6.17%	-3.6%

Source: Wall Street Journal

Sectorial Performances 1 Year % Change (U.S Stocks)

Sectors	Last Blog	1 Yr. % Change
IT (Best sector YTD)	37.26%	42.75% (TOP)
Consumer Discretionary	31.47%	32.26%
Communication and Services	18.89%	22.42%
Materials	16.37%	18.99%
Health Care	12.07%	11.76%
Industrials	6.06%	9.04%
Consumer Staples	8.20%	7.69%
Utilities	1.29%	-2.33%
Financials	-8.89%	-3.82%
Real Estate	-4.68%	-4.56%
Energy	-37.59%	-36.89%

Source: Fidelity.com

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) QCLN is an exchange traded fund (ETF) that seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ® Clean Edge® Green Energy IndexSM. The fund normally invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the index. If you recall, in my previous blog I had included a solar energy stock known as JKS (JinkoSolar Holding). So, one may wonder why am I adding another green energy company? Well, the primary reason is that I do see a great opportunity in this sector in the long run. This fund has a Net Asset value of $1.5 billion and invests in some of the leading companies in the renewable energy sector. The inception date for this fund was 02/08/2007. Why do I like QCLN? As I have told before, Joe Biden's climate plan calls for spending $2 trillion on clean energy investments over four years. That’s an astronomical amount. Agreed that they do not have a majority in the Senate but in case they win the Senate election in Georgia on January 5 then the green energy sector would be a hot cake. Even if they fail to win then also that will not be the end of the world. Because green energy is “the future”. Biden has already committed to rejoining the Paris Agreement on reducing greenhouse gas emissions. As I said, solar and wind sources are already the cheapest sources of power generation which gets cheaper and cheaper. We do see more and more support at state-level and corporate policies are supportive of green initiatives. Outside the U.S., the European Union is focused on a green recovery. The countries like China and Japan have set carbon-neutral targets. Renewable energy stocks are already on fire but they should continue to do well in my view. Sometimes it’s difficult to identify exactly which green energy stock is going to do well. As an investor, some of us may not be comfortable to take that risk. This is where the beauty of an ETF lies. It comprises some of the leaders in the sector, so the risks get diversified. Now let’s see the holdings. QCLN top 3 holdings are NIO, TSLA and ENPH. All these stocks have performed exceptionally well in 2020. In addition, it has the following stocks in its top 10 holdings: Albemarle Corp (ALB), SolarEdge Technologies Inc (SEDG), Sunrun Inc (RUN), Plug Power Inc (PLUG), Cree Inc (CREE), Brookfield Renewable Partners (BEP) and ON Semiconductor (ON).

Performance of QCLN

1 Year	3 Years	5 Years	10 Years	Life
178.19%	47.30%	34.95%	15.80%	9.30%

Evidently, there were some up and down years for this ETF but overall it has given incredible returns especially in the last 5-10 years! Going forward, I believe it should get better in the long run. Current Equity Price and Valuations Currently, QCLN is trading at $70.23. This ETF has gone up 183.9% in the last one year. So, obviously it’s no more cheap. Let’s also take a look at some other numbers. Net Expense Ratio: 0.63% Price/Sales: 4.80 Price/Book: 5.41 Dividend Yield: 0.3% My View I very well understand that QCLN is not cheap. However, as I said before, renewable energy is going to be the future. We will see millions of vehicles will become emission free, there will be more usage of power due to more use of technological innovations, more and more countries will transition to green energy as it becomes cheaper and environment friendly. The whole world is concerned about global warming. As a matter of fact, the usage of coal, gas, fossil fuel, petroleum should go down significantly in years to come and renewable energy will go up. In addition, the Biden administration’s emphasis on this sector should create further opportunities. So, I am investing for the future. I don’t know if it will fail but chances of failures are not high in the long run. But I can’t predict what may happen in the short term. When we buy an ETF it embodies many green energy companies, so failure of one/two companies would not be that detrimental. Hence, investors who are not willing to take major risk still want to reap the benefits of future revolution should take a closer look to QCLN. My Strategy I have already taken some positions at different price levels. As a strategy, I do not buy everything at once, rather I prefer to buy in a phased manner and do dollar cost average. The primary reason is nobody knows the TOP or Bottom of an equity. There are many more advantages to this approach which I have written in many of my blogs and talked during many of my investment meets. It’s better to have some long-term investment (core position) and some shares to trade as we are in a fluctuating stock market environment. That way, one can keep making some money having to wait for a longer-term reward. I will keep accumulating this ETF when it comes down and trim a little bit if it goes up by a certain percentage. Risk(s): No equity is immune to stock market decline. All the renewable stocks are highly volatile by nature. So, one must invest cautiously and diligently. Also, the Georgia senate election will be taking place this Tuesday, January 5. It could go either way. Depending on the outcome it may bring further volatility. If democrats win the Senate then the whole sector may rise but if the results go the other way then we may see some corrections. Hence, buying at phases makes more sense. One has to diligently decide when to buy, when to accumulate and when to sell. My Final thoughts We will see more momentum building in this sector going forward. It may not happen instantly but it will happen in a foreseeable future. Look at the EV sectors - EV stocks like TSLA, NIO, ENPH etc. All these have gone up hundreds of percent in 2020. I do not know where these stocks will go up significantly this year because of their valuations. However, I still see that green energy has a great future when we talk about long-term. In the short term anything can happen and I am not a fortune teller to predict it. I avoid chasing any stock, coincidently I don’t hesitate to take some risk when there is the right opportunity. As we don’t know which particular stock will thrive in the future, ETFs are a better way to invest as it mitigates the risk and still able to take a pie of the future opportunity. I have some stocks in this sector but I also have QCLN. I will see how it goes and determine my next step in future. But at this time, I do see a good opportunity, hence invested. I am a growth oriented investor, hence I take some calculated risk. Whether I can succeed or fail, only time will tell.. Other Stocks of my interest: FSLR, NVDA, PVH, EXPE, SRNE, BMRN, CVM, INO, NCLH.

Shesa’s Blog Portfolio (As of January 3, 2021)

Equity	Suggested Price	Current Price	Suggested Date	% Change	My View (see disclaimer)
STOCK (All prices are in USD)
AAPL	12.9	132.69	1/25/2013	929%	HOLD
FB	47	273.16	11/13/2013	481%	BUY
MA	77.18	356.94	12/12/2013	362%	HOLD
AMZN	311.73	3256.63	4/12/2014	945%	Buy on Dip
BABA	67.28	232.73	2/21/2016	246%	Accumulate
EDIT	36.53	70.11	5/28/2018	92%	Accumulate
SHOP	134.81	1131.95	11/25/2018	740%	HOLD
NFLX	297.57	540.73	1/6/2019	82%	HOLD
AMRN	17.66	4.89	2/17/2019	-72%	Accumulate
CGC	20.16	24.64	12/10/2019	22%	BUY
GH	87.53	128.88	9/1/2019	47%	HOLD
SDC	8.74	11.94	1/1/2020	37%	Accumulate
NIO	4.27	48.74	1/29/2020	1041%	BEST STOCK of my portfolio for  2020
CCL	12	21.66	3/22/2020	81%	Accumulate
BYND	76.91	125	4/19/2020	63%	Accumulate
SPG	54.59	85.28	5/25/2020	56%	Accumulate
ENPH	45.3	175.47	6/28/2020	287%	BUY - long term
TGTX	19.58	52.02	8/2/2020	166%	Accumulate
BBBY	12.03	17.76	9/13/2020	48%	HOLD
MU	51.61	75.18	10/18/2020	46%	Accumulate
JKS	62.71	61.87	11/21/2020	-1%	BUY
ETF
IHF	139.1	234.68	8/16/2015	69%	HOLD
QCLN	70.23	70.23	1/3/2021	0%	NEW ADDITION
MUTUAL FUND
FBIOX	11.46	25.18	3/1/2013	120%	HOLD
PRMTX	59.45	180.49	12/20/2014	204%	HOLD
FSRPX	9.05	22.75	1/15/2016	151%	HOLD
FBSOX	37.32	93.68	3/20/2016	151%	HOLD
FSMEX	43.66	72.83	9/24/2017	67%	HOLD
Note: Dividends are not adjusted on the price.

Positions CLOSED since last Blog

None.

That’s all for today. Wish you great investing! Stay tuned for my next blog. Thanks for your time. 

Disclaimer: This blog is meant to provide my opinion only. The information provided is to the best of my knowledge but may not be accurate. I do NOT provide any professional recommendation to buy/sell any stock, ETF, mutual fund, or any other security(s). As an investor, it’s your hard-earned money and you decide what is best for you. The above are merely my own opinions. Please contact a professional money manager to buy/sell any security. I do not charge any fees or commission by writing the blog except anything from Google AdSense. I have position(s) on whatever security I write on my blog and avoid recommending any security that I do not own or follow. Anybody buying or selling the equities mentioned here would do it on their own risk.

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