2/26/21 - When the market is down, buy the dip!

 

A couple of scary days this week.  The markets have been down for multiple days this week, as well as last week.  I’ve lost 10s of thousands of dollars, but we’re back in the green today!  My goal for the end of this year is to reach $1M.  Based on this calculator, if my portfolio can achieve an average of 0.2% increase every day, I’ll reach my goal.  Yes, it’s aggressive.  But I’ve invested in high risk – high reward “big bets”, as well as some “safe” foundational assets.

When the market is down, buy the dip!  This week I purchased another 1 million shares of HCMC, at a cost basis of $0.00XX - $2,800 investment.  HCMC continues to be in the top ten most purchased stock (# buy orders) with Fidelity customers, with more than 4x people buying than selling (10k buy orders per 2k sell orders).  HCMC has an interesting product offering, supporting organic foods / bakery, as well as vape for cannabis concentrates.  In fact, HCMC owns IP patents on vape hardware, and this is the subject of the patent infringement lawsuit against Philip Morris.  IP/patents have value.  News press with Philip Morris has value.  Cannabis industry has value.  My investment in HCMC is a gamble, but one I’m willing to take the risk on for a potentially big opportunity.