Yep, another short one. Time barely permits this.
Rebalancing Works
I’ve owned Ford stock for quite some time. It’s hard to avoid buying a 6% return. It was easy to sell covered calls against the long equity position and to sell naked out-of-the-money puts when it dropped. All of those put options expired worthless.
Ford ran up to its high-end resistance today. More so, my position was up enough to “lighten the load”. That’s what I did. Do I think it is going higher? Yes. Does dividend searching work? Yes, again. Nonetheless, I do not have a crystal ball to see what will happen tomorrow. I’m not greedy. I took some profits.
The Moody Blues are one of my favorite groups of all time. I’ve seen them live more times than I can remember. Today, “ride my see saw” came into my life. Sure, I sold some Ford at the top. Bt that’s not all I did. I bought more TLT and 30-year bonds at the lows of the day. It was a see saw kind of day, but I’m convinced, rates are headed lower and sooner than most are prepared for. Trump is on the right economic side.