Friday File: Happy (?) New Year!

What's happening with our Real Money Portfolio as we start the year? Updates on Roku, AerSale, The Trade Desk, Power REIT, GAN and many more...

By Travis Johnson, Stock Gumshoe, January 8, 2021


Happy New Year! The fact that this week’s portfolio moves included a little stop loss selling and some nibbles in asset management, insurance and music royalties probably tells you all you need to know about how cautious I feel to start this year… though, as always, I try not to have my personal sentiment drive big investment decisions. Feelings don’t usually beget good strategy.

The stock market’s year started with some profit taking early this week, as the folks who didn’t want to pay capital gains taxes on their hugely successful positions started to sell some of those soaring shares on Monday. Either that, or investors started to worry about changing taxes or other policies with the Georgia Senate vote shifting slightly more democratic in the polling, and then confirming that with a win for both Democrats. Or maybe they worried about President Trump’s ludicrous behavior on his way out the door, which got even more absurd and dangerous once the electoral count started on Wednesday. But that worry all washed away, it seems, once investors started to see a clear path to much more