The Weekly ROAR: This Stock Market Is Like A Horse Race. Let's Treat It Like One.
Live from Saratoga Springs, NY! It's Post Time. But is it "post-rally" time?
My regular readers know I’m a big sports fan. Like many of us are. I grew up on baseball, became a bit of a savant around America’s Pastime, and over the years added NFL football and NHL hockey to my faves. But for reasons I still can’t quite decide…and it is not the big-time gambling, since I’m a cheapskate wagering guy…I’m really into horse racing.
So much so that Dana and I decided to spend some time this summer in a place we are fairly familiar with from a long time ago. We attended separate colleges at roughly the same time, both in Upstate NY (Albany for me, Union for her). So this is both nostalgic and, as a racing fan, I must say…like heaven on earth. And that’s besides the major upgrade in weather versus our South Florida HQ!
So, with Saratoga racing season (where they’ve been doing this since 1863!) in high gear up here, and our friends on the west coast having just started their annual “boutique racing meet” at the iconic Del Mar meet in San Diego, here’s a horse racing-inspired look at how I “handicap” the current race to profit from the global markets.
Below, you will see 7 ETFs, the “horses” in this race for the money (your money and mine). I’ve set odds for each to be the best performer in this “horse race” between now the end of September (close of Q3). That’s a few weeks after Saratoga and Del Mar close their annual seasons.
And, investing as in racing, winning is the big payoff. But finishing, second third, and even fourth and fifth in some situations can bring you a positive return on your investment, I’m not focused entirely on picking THE winner. Because as is the mantra around here, first we try to avoid the worst-case finishers, then make as much as we can on the rest.
Here’s the field for the 1st ETFYourself.com summer derby!
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