“The most important quality for an investor is temperament, not intellect.” … Warren Buffett
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” … Phillip Fisher
Where are we, at the end of February 2021?
February was a mostly up month for the stock market, as this bull market remains intact. With the continued outperformance of small company funds, we may be seeing a shift in market dominance. This is very positive, since bull market tops are generally characterized by a shift toward large, established companies. Our dividend paying stocks and securities have definitely benefited from this trend. Gradually I am contacting everyone to discuss this, but feel free to contact me as well. As we progress through 2021, we may start seeing signs of inflation. There is already some evidence in fuel prices, real estate and food. Opinions differ on this but there is certainly a government effort underway to use easy money to stimulate borrowing and spending, which the stock market loves but likely brings about inflation, eventually.
Our funds did well, as you can see below. Our ATAC and medical equipment funds lost around 2%, but we forgive them since they had an incredible month of January.
How Did the Markets and our Funds Do in February 2021?
We should talk if you would like to review exactly where you stand or if we should consider a change. I am available at your convenience. I have Skype video in case you would like to do a video conference.