Thank gawwddd it ends this week | Summary and Q&A

TL;DR

In this video, the speaker discusses personal updates, the impact of tax loss harvesting on the stock market, predictions for COVID-19 numbers, and upcoming videos on stock investments for 2022.

Key Insights

• 🥳 The speaker has had personal updates, including the birth of their third child and their continuous interest in stocks.
• 🌸 Tax loss harvesting has created selling pressure in the stock market, but the speaker remains confident in their investments.
• 🌸 COVID-19 numbers may increase in the short term, but the speaker expects a significant decline in the spring.
• 🤑 Opportunities may arise in small-cap companies and heavily shorted stocks as money flows back into the market.

Transcript

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Questions & Answers

Q: What is tax loss harvesting, and how does it affect the stock market?

Tax loss harvesting is a strategy where investors sell losing stocks to offset capital gains and reduce their tax liability. This can create selling pressure and cause stocks to decline in value temporarily.

Q: How does the speaker feel about their stock investments?

The speaker expresses confidence in their stock investments, as they have loaded up on stocks during the recent decline and have the lowest cash levels since 2018. They believe there will be an uptick in stock prices in the near future.

Q: How does the speaker predict COVID-19 numbers will impact the stock market?

The speaker expects COVID-19 numbers to increase over the holidays due to gatherings and parties. However, they believe that once a large portion of the population has contracted the virus, the numbers will decline dramatically, which may positively impact the stock market.

Q: What type of stock opportunities does the speaker anticipate in 2022?

The speaker suggests that small-cap companies with good growth prospects and heavily shorted stocks may experience significant upward moves as money returns to the market. They use the example of the recent rise in Purple's stock price.

Summary & Key Takeaways

• The speaker shares personal updates, including the birth of their third child and their continuous interest in stocks even during time off.

• They discuss the impact of tax loss harvesting on the stock market and how it has created selling pressure, but they remain confident in their stock investments.

• The speaker predicts that COVID-19 numbers may increase over the holidays, but expects them to decline significantly in the spring. They also mention potential stock opportunities due to money coming back into the market.