Sataneatscheese’s 2021 market predictions and way forward: (Advice worth what you are paying for it).
I am of the opinion that the stock market is going to go up… and up… and up… for all of 2021. I believe that the value of those stocks will rise, and that inflationary pressures will start to rear its head. In other words, the only way not to lose money is to have it in the market, which will cause a cycle where the market continues to collapse upwards. I have transferred all of my available cash into the market minus the 6 month emergency fund, and have passed on refinancing the house for now (already at 2.625 but 1.875 is tempting).
I have the following investment strategy for 2021:
401k: Continue slow and steady dump into sensible mutual funds. Drop money into aggressive growth and growth funds based off of returns and investments available.
Taxable Brokerage: Since profits are taxed and I don’t want to day trade here: I have split my investments into three equal parts for 2021: ICLN, ARKK, and ARKG.
ICLN:34.03 Clean energy fund ETF. Predicting moves from new administration favorable to this.
ARKK:141.85 ARK disruptive technology ETF.
ARKG:104.79 ARK disruptive genomic research ETF.
Tax advantaged accounts where I can day trade:
PINS:72.30 Bulk is currently in Pinterest (PINS). I not only like the stock because of its ticker, but because it has managed to be the only social media giant not to step on toes with politics this year. Both sides are mad at Twitter and Facebook right now, and Pinterest has been growing steadily this year and is starting to break into markets overseas. Additionally, I see more and more small shops popping up there and more customized Ecommerce from home. Expecting a big jump the day after the earnings report in February and will adjust from there.
DNMR:26.75 Bought in at the NSYE IPO at $27 after Christmas and immediately lost my butt, but it has been clawing back the past few days. Currently at $26.50 in pre market. So long as it continues to climb every day I will hold onto it. Will likely dump in favor of next stock of the month. Clean plastics company.
Huge bubbles that I think may be good for a short run but I’m scared of. Once again, I’m not against these and think they will make money this week… but are a ticking time bomb.
1. TSLA:853 I had family make millions off of TSLA this year after losing millions on TSLA this year. As I am writing this TSLA is currently at $850 making Musk the richest man on the planet. I see it continuing to rise until TSLA misses a target, and then falling sharply.
Stocks I’m eying but don’t own and their current prices:
CRWD:222.50. Crowdstrike Cybersecurity firm. These are the guys that checked the DNC server in the 2016 election scandal. I have my suspicion that this is a government intelligence backed firm that is rock solid safe but that is bridging into the realm of unsubstantiated conspiracy theory. They haven’t done TSLA numbers but are up 400% this year. I will probably shift my DNMR investment here once it stops daily gains.
ICE: Whatever ICEMAN suggests I’ll have to look into!
Other general predictions: I think there are a lot of people that made huge best and gambles on the market as it was crashing in February and March 2020 and are holding onto stock until it hits the 1 year mark, and will be ready to dump it after 1 year to avoid the capital gains tax. I know people who have dumped tons of money into REITS that further retreated and plan on doing just that. So… look at the stocks that fell the most in February/March 2020 that still have not recovered to have another dip in February/March 2021, specifically Feberuary 23rd to March 23rd. This would be a good time to short some things, but I'm going to stick to buying stocks for now.