The wealthy do one thing differently & almost nobody copies it.
They never sell their best assets.
Retail sells winners to "lock in gains," pays the tax, & starts over hunting the next pick.
The wealthy hold forever & extract cash a different way... borrowing against the assets, or getting paid on them.
That's exactly what selling portfolio secured puts is. Cash flow off a base you never touch.
My $VOO & $QQQ have never been sold. Not in 2018, not in COVID, not in 2022.
They compound, they secure my portfolio secured puts, & the premium buys MORE of them.
Selling your winners "just because" is how you turn a great decade into a mediocre one.
@jedimarkus77 I remember most Augusts as blissfully whistling past what ever graveyard is out there and then soon as it turns Sept and summer is over, everyone gets cunty and starts selling. ๐
OUT NOW- as seen by this legendary market technician selling his physical gold the DAY OF THE HIGH, it's fair to say that @BergMilton is good at identifying turning points.
Here's what he thinks about Semis, Korea, Nasdaq and S&P 500...
HE IS BULLISH ON ALL OF THEM RIGHT NOW.
He sees strong evidence of a panic low in Semis and Korea on July 29, with greatest retail selling since 2022 in equities.
In April he had over 30 buy signals with median projections from ~8200 to ~9800 on S&P 500 and that is still motivating his bullish outlook.
So in my view he considers late March to be a bottom and for semis/Korea he thinks it is probable the lows will be tested but he is still long here.
He thinks that gold top (January 28/29, he sold his physical on 29th and showed the receipt in this interview) could be a multi-year top in gold ie he is bearish on gold over a long term view but has traded precious metals bullishly recently (we discuss in interview).
To sum up in MY VIEW he was quite bullish when we recorded August 10 but was very ready to change his mind at any moment if he sees different evidence in the market action.
AN IMPORTANT NOTE: AS MILTON SAYS, EVERYONE WANTS HIM AND MARKET TECHNICIANS TO CALL TOPS BUT ACTUALLY, CALLING MARKET BOTTOMS IS FAR EASIER. SO HE HAS HIGHER CONFIDENCE IN CALLING LOWS THAN IN CALLING HIGHS, SO EVEN THOUGH HIS LEVEL OF CONVICTION NOW ON BULLISH SIDE IS MODERATE IT IS ACTUALLY HIGH COMPARED TO POTENTIAL TOP CALLS.
Apple
https://t.co/oR1Jb0NFLL
Spotify
https://t.co/o0rFJkzBl4
Milton Berg Edge https://t.co/n55aVTwkN3
@thyroiddriven@SaturatedFat_ It fairly a fairly standard dietary guideline you can get away with 4 if your other minerals are high. 5g is better. Talking to Ray over the years part of his 2L of low fat milk and 1L OJ is 5000mg and hits many daily targets also. Potassium just so important for glucose handling