Momentum Tuesday (in lieu of Monday) 02 April 2024

Welcome to Momentum Monday. I hope you all had a restful Easter period. “Tiptoe through the tulips” – The Tiny Tim version – has been playing in my head all the past week. I am not sharing this earworm because it makes me happy. Nor is it a bad April Fools Gag. Rather, us closing a shortened trading week on an all time high means life doesn’t get any better than that! Quite frankly, life is too short to be stressed or upset at the moment. Lists are bursting, and you have to look hard to find a stock not heading in the right direction. But this creates another problem. The problem of ‘greed’. I know what it feels like. I’m a hot blooded investor like the rest of you. When I’m making money I am going to keep making money? Right? It’s like playing at the poker table, winning a few small hands…. But then you feel confident enough that you go all in… and we know how that ends! Times like this are what differentiates stock pickers from money managers. I know it is hard. Taking profits off the table, rebalancing (if you invest fundamentally) and getting…