People keep asking what I’m buying these days.
Here’s the shocking thing I tell them: I don’t own anything. Nothing.
Not a single stock. No crypto. No mutual funds. Zero public companies in any of my accounts.
And no – I’m not waiting for some perfect crash. I just think everything’s priced like absolute garbage.
When Great Companies Become Terrible Bets
Tesla? Love the company. Hate it at $479.
That’s a $1.6 trillion company. Maybe it hits $5 trillion. Cool – three times your money. I can make three times my money without betting on Elon Musk staying focused.
What happens if something happens to him? Yeah, I put a probability on that too.
The Everything Problem
Energy? Boring.
Financials? Degenerates screwing people even more than usual.
Pharma? I despise the entire industry.
Small nuclear reactor companies? Even Gianni admits he’s just riding momentum.
Nothing makes me think “I gotta own that.”
Why I’m Not Apologizing
Look, I’m programmed not to buy all-time highs. When everything’s expensive and money managers are “pushing capital into any hole they can find,” that’s a dangerous marketplace.
NASDAQ isn’t even at all-time highs. The S&P is only there because of financials. Not because they’re doing better – because there’s nothing else to buy.
That should terrify you.
What I’m Actually Doing
I’m waiting. Cash is a position when everything else is overpriced.
The market always comes back to reasonable prices. Always. And when it does, I’ll be ready with dry powder while everyone else is crying about their losses.
Your move: Set your “I’d actually buy this” price on three stocks you love. Write them down. Then wait. Because this party doesn’t last forever.
In the meantime, I’ll stick to trading high probability setups– like what I’ll be teaching in my new 0DTE masterclass.
To your success,
Don Kaufman
