It seems “The Market” is reacting to FUD (Fear, Uncertainty & Doubt) related to the high inflation figure and the anticipated adjustment by the Fed to raise interest rates.
Considering the market dropping is in itself going to cause a slowing of the economy, the Fed does not have to do anything very quickly. So, we are thinking the Fed will not do much and will act slowly when it does.
True, I am not too excited about “the Market,” but I am excited about certain sectors of the market. So, I thought I would list some of the names I consider are or qualify as “core” positions for me. I am feeling some GREED & Envy in desiring to buy more of these names. Readers of LOTM know most of them.
- Soluna (SLNH)* $9.65
- Galaxy Digital (BRPHF)* $16.80
- Karora Resources (KRRGF)* $3.01
- StoneCo (STNE)* $15.83
- PagSerguro Digital (PAGS)* $25.46
- Antero Midstream (AM)* $9.10. – 9.7% dividend
- Victoria Gold (VITFF)* $11.34
- Discovery Silver (DSVSF)* $1.50
- Silver One (SLVRF)* $0.29
- Vizsla Silver (VIZSF)* $1.89
- SilverCrest (SILV)* $6.88
- EQT Corp (EQT)* $20.61
- Vermilion (VET)* 10.11
- MoneyGram (MGI)* $7.01
I like all these and have no qualms adding to any of them.
It is a bit of a cross section of industries: Blockchain / Nat Gas / Precious Metals / Payments
- Do you think these industries are going to disappear?
If you are feeling the FUD, one trick I learned is to do something. Take some action. It works like a miracle. Buy 20 shares of something. Sell 20 shares of something. Taking action returns the feeling of control – that you are in charge – not the market. No need to do anything drastic. Baby steps to get in tune with the market. Nothing the Fed does in the next six months is going to stop inflation. This is a long term battle – That is why LOTM is positioned where it is.
Some actions that might fit different personalities.
- Sell 10% of everything to relieve FUD. No need to pick and choose. Just scalp a little from them all.
- If you own ten different companies sell one or two. Sell the weakest companies not the weakest stocks and consider using that money to build on the strongest companies you own. Build on Core positions. I call this coiling the spring, building bigger share positions in fewer names so when the rebound comes, the account EXPLODES upwards.
- If you have margin, use the first one above to pay down margin. Margin is a liability – literally.
If you want to talk through your options, schedule a call with me and lets go through your options. I am not going to tell you what to do but knowing your options allows you to make clear decision. Believe me when I tell you, I have experienced it all over my 44 years in the market and as a Broker & Manager of Brokers.
Actionable thought – Inflation fears are now in the market. By a 9.7% dividend from Nat Gas pipeline company. Anteros Midstream (AM)* is one such company. Natural Gas will rise with inflation. Trust me, Minnesotan’s nor Canadians are not going to stop using Nat Gas in winter. This alone con keep the price up – just joking of course. I bought some AM today in rearranging some positions.
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* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
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