Same old same old

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It is easy to get sucked into anything. Who cares? After a long time in the markets, it really does not matter to me whether this is a bubble or not or a new crash will come tomorrow. Forget about the sales pitches, it is more important whether I make money or not in any situation. I can be a bull or bear running different strategies at the same time.

Outlook or opinion pieces that we hear out there everyday provide a framework to view and guide things. It is important to have a disciplined system with cookie cutters and work within it and continue to adjust the portfolio if necessary as market conditions evolve.

Volatile assets can produce above-average returns, but often expose the investor to deep and sometimes frequent drawdowns. That creates more opportunities to sell the investment and miss out on the gains.

What about Bitcoin or whatever? I read articles about Bitcoin on both ends every single day. The claims of a Bitcoin and cryptocurrency bubble are nothing new. A multitude of prominent professional investors, bankers and traders have been highly critical of the revolutionary digital currency. Come on, Bitcoin as a store of value makes the least sense to me.

I am getting older. I have been here so many times and the Bloomberg chart below scares the hell out of me. I will continue to watch Bitcoin from the sidelines. Not now for me kids. You can all take me out to dinner with your “big and easy” profits.

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