Don't Chase Your Tail In Today's Market

(5min)

Summary

  • A day when the Dow opens 1200 points higher is NOT the time to chase the stocks you didn't buy for fear of Election Day.
  • Currently, these high-flying stocks are driven by FOMO.
  • Today is a time to seek opportunities in undervalued foreign firms and steady-Eddie stocks, such as Equinor and Deutsche Telecom, which have unfairly sold off.
  • Be opportunistic and buy on pullbacks, not skyrockets!

Chasing tail

WebSubstance/iStock via Getty Images

I wrote a subscriber-only letter to my Investing Group just one week ago, on October 29th, titled “Election Fears Are Overdone.” This was in response to the many articles we have all seen warning of a cascading bear that

Stovepipes are dangerous to your wealth. Whether you buy only tech, only biotech, only REITs, or only anything, sooner or later, it will cost you dearly. At Investor's Edge® our clients and subscribers sleep well at night, knowing I create real portfolios that cross all those lines. To everything, there is a season.

This article was written by

Joseph L. Shaefer profile picture
25.81K Followers

Joseph L. Shaefer is a geopolitical, economic, and resource analyst. He is a retired military Flag Officer with deep experience in Special Operations and Intelligence, a former professor, and is today the leader of the investing group

The Investor's Edge

His approach to investing is universal. " There is a time for everything and a season for every activity under the heavens." He does not blindly invest in Growth, Aggressive Growth, Value, REITs, Tech, or anything else. Those who "specialize" in a particular area will live and die (financially!) on that one approach. Instead, he reviews each of the 11 Sectors that comprise the S&P 500 to find the best investments across all sectors for a balance between Growth, Value, and steady Income. Features include the Growth &Value sample portfolio, 5 decades of experience, 3 to 4 articles monthly exclusively for subscribers, and access to Joseph and his community in a chat arena that is reviewed daily.

Learn more

.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EQNR, DTEGY, LAC, RIO, LUNMF, TGB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About SP500 Ticker

SymbolLast Price% Chg
52 Week High
52 Week Low
Open
Prev. Close
Compare to Peers

More on SP500

Related Stocks

SymbolLast Price% Chg
SP500
--
NDX
--
DJI
--
SPX
--