A Perspective

Who was stupid enough to buy this morning?  C’est moi .  Yes, I had a buy order in for SPY at 286 and it executed at 275.  I am now at 60% in SCHO and 23% in 4 tech stocks and my portfolio is now down .78% for the year.  There are things worse than losing money. You could contract Covid-19.  Evin worse, you could die.  Even worse, someone you love could die.   As published in my last posting, I recently started buying after being 100% in cash equivalents on December 3rd.

How’s that working for you Frank?  I am currently 60% in SCHO, 15% in SPY and 23% in 4 US tech stocks.  More importantly, my wife is doing well with her chemotherapy.  Life is good and the outlook is even better. So, enjoy it and remember to  Laugh:

The robber says: “Your money or your life”!  Jack Benny says nothing. The robber shouts: “I said your money or your life”!  Jack Benny says: “I’m thinking, I’m thinking”.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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1 Response to A Perspective

  1. I was right behind you, Frank. Trying to figure out how much I could make, quickly buying and then selling LabCorp after it announced that it had a testing formula for the Chrono. But I decided the upside risk was too high. Or was it the downside? Inaction followed.
    Much luck to your wife. She’s sure got a smart hubby going for her. My close friend is a 7-year pancreatic cancer survivor, if you ever want to chat. He’s the NJ chair for the Pancreatic Cancer Network now.

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