Risk Disclaimer

The positions in this portfolio are incredibly risky and extremely volatile.

No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).

Pinterest (PINS)

It absolutely sucks to get busted when you do something wrong, but it’s even worse when you get busted for something someone ELSE did wrong. In this case, Snap (SNAP) reported an atrocious quarter, warning of weakening ad sales and lowering its year-end guidance which DESTROYED the social media space. Pinterest (PINS), which doesn’t even report until next week, dropped -11.36% in sympathy, landing it in the spot of the Week’s Biggest Loser. 

Finding the bright side of bear markets…

This makes week #5 of absolutely no moves in the Speculation in Play portfolio, and, as I mentioned last week, that’s the name of the investing game. However, the longer no action drags on, the more likely many investors are to make a mistake by either adding to positions at levels which are too high or taking profits at levels which are too low.

For me, I console myself by looking at absolute success, in this case in the form of how much of the cash position I’ve put to work over the year. While I still have nearly a 30% cash position even at these levels, I have put 28.06% of the cash to work that I had in the Speculation in Play portfolio at the beginning of 2022.

To me, looking at solid statistics helps to… distract me (?)… from making potential mistakes. Patience and discipline remain the key traits every investor needs to have in any market, but specifically rangebound bear markets like the one we’re all suffering through currently.