What a wild ride it has been. As predicted by most economists, it appears that the additional funds freed to deal with the effects of the corona crisis have made their way into the equity markets. Almost all markets are back to where they were before the crisis and I am benefiting from that. The return on my capital consists of two parts.
1. There are the long term stocks. Those are almost exclusively wiseguys of which I pick up more and more whenever a (small) correction occurs. That’s about 2/3 (a little more about 71% at the moment) of my assets.
And 2. I keep the other 1/3 (a little less about 29%) in my account in cash. I use that cash money to participate in small day trades. These are small speculative transactions with little risk, but the yield is also not very high daily. On an average good day, it’s about a 1.5% profit. But that is nice on both sides because:
A. on days when the stock market is negative it is often just enough to break even at the end of the day.
B. On days when the general stock market sentiment is positive, my profit is magnified with an extra return.
At the end of the day I sell all the daytrade positions to avoid unnecessary risks when I sleep. You never know what happens or who sends an explosive tweet (@the real Donald Trump). making everything different in the morning. Conclusion: I certainly cannot complain and have almost doubled my fortune this year.