I've done very well the past three years, more than doubleing my investment through stock positions. I only have one index fund (SMIN) which is a small cap India fund, but it's one of three positions not doing well. I have many others doing well with 30-80% gains. My biggest gains have come from NVDA and PLTR which were up over 900 & 600% until this past week.
Going into this week I had a sense that the market was overvalued and with the current administration, I don't feel there is certaintly (I know there never is but there is more turmoil recently) about the future of the market and economy. I really feel we are on the cusp of a significant downturn in the market and the ecomomic outlook is negative and very uncertain.
What are everyone's thought about these next few weeks? I think with the turmoil that the current adminstration is causing, its not going to bode well for the economy and the market.
I have a little cash in my Fidelity account but thinking of significantly trimming or exiting my positons to have cash to take advantage of the bargains that I think will exist in the coming months. If I do this the gains are long term and will likely push me up into a couple knotches of tax brackets.
Thanks for reading.