The Unscripted Money System and C0VlD-19

[chriscareymsp]

@MJ DeMarco How has the Unscripted Money System fared through this rapid decline? I've been contemplating if it would be wise to move $100k from my 401k into another investment vehicle being that those adversely affected by C0VlD-19 can do so without penalty. I found myself reviewing the notes I had taken from your book and couldn't find an update elsewhere. Thanks in advance!

 

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[chriscareymsp]

@MJ DeMarco How has the Unscripted Money System fared through this rapid decline? I've been contemplating if it would be wise to move $100k from my 401k into another investment vehicle being that those adversely affected by C0VlD-19 can do so without penalty. I found myself reviewing the notes I had taken from your book and couldn't find an update elsewhere. Thanks in advance!

Just wanted to bring this to the top as I'm still weighing my options in regards to allocating 401k funds.

 

[MJ DeMarco]

@MJ DeMarco How has the Unscripted Money System fared through this rapid decline? I've been contemplating if it would be wise to move $100k from my 401k into another investment vehicle being that those adversely affected by C0VlD-19 can do so without penalty. I found myself reviewing the notes I had taken from your book and couldn't find an update elsewhere. Thanks in advance!

Like anyone net long, not well. But it still produces income. That said, I haven't touched any of it and it has regained 50% of its losses. I bought more during the decline.

The point of the money-system "paycheck pot" is to produce income and to only shift those assets (sell/buy) based on economic conditions within the company. None of the entities (stocks) I hold needed to be sold, for instance ABBV (healthcare) SO (electric company) CCI (cell towers) should be better correlated to the current economic crisis. I view these companies as survivors to whatever happens with the pandemic.

In other words, I haven't sold anything -- because I don't need to. If anything, I'm watching for buy opportunities and already loaded up on a state-based municipal bond fund when it reached a discount rate of 28% intraday.

On the flip side, my options trading account is up nicely. The SPX is down 20%, I'm up about 7%. Anytime you can beat the market playing the market, is a win.