SD-2020 TRADING WITH THE TIDE

[sd]

Interesting history - yet it has been 100 years since that Spanish pandemic- we've sent a man to the moon decades ago, and yet these microbes are able to devastate us- despite all of our advances in medicine and microbiology- As you noted, virus' are able to mutate and so we still have the more docile flu- also a strain of Corona virus- just not as contagious and lethal as is Covid 19- It makes you wonder if the recent reports of it having escaped from the lab as part of an experiment in biological research at the Level 4 facility in China may not be the real basis- RD sent me a video documentary that purported that was exactly what happened- President Trump is indicating that he now believes that may be where this all started-
One has to question the "What IF" types of scenarios - What if- a suitable vaccine is not developed- or the virus mutates and adapts? What if it returns this Fall ahead of any vaccine
development- Will we again revert to social isolation? - or will we assume the vast majority will get a relatively mild dose-and then be immune for the rest of that season? Perhaps those at higher Risk should take extra precautions to isolate themselves?
Warren Buffet sold (dumped) his entire Airline holdings - That would not seem like a typical move unless he felt that those positions were destined to lose considerably more and not see a recovery in the next year-or two. Banks also look stressed- Not a very positive outlook on a quick turn=around!
There was a report released purportedly from the Trump gov't analysts that suggests the death toll may rise to 3,000 people/ day over the following month's -and millions more infected. as areas open themselves to getting back to normal operations- I cannot confirm the validity of this supposed analysis - but it seems to assume that the present isolation approach would be
totally discontinued- and the infection will spread- even in warm weather- Hopefully both assumptions would be incorrect- I would think some prudent judgement is needed in those high density, high infection areas- and individuals should take precautions-like using masks- to limit their exposure.
We need the economy to try to regain some measure of opening- perhaps with heightened precautions for all- and new social norms to be followed- And those of us at greater Risk should opt out of the social involvement and keep it to a protected minimum-Perhaps when a future vaccine is eventually available, we can return to a semblance of our prior social/work engagement.
Interesting that today some 3 dozen new workers came onto the jobsite and none were using any kind of facial protection, but the project manager of that company came to the jobsite with
a full face mask. Good enough for him to use, but why not also for his employees?
At this point, not taking on a Financial Risk in a market that is indecisive and prone to sell off is one that is not worth the Risk to keep exposure to- Having a decent YTD profit
and not trying to push the envelope of trades- I did take a number of smaller trades this prior week-in the trading account- and followed them with trailing stops- and all stopped out -fortunately for small gains- I find I am holding cash in that account, but have no sense of conviction as to the market trend-
Watching Dr Scott Gottlieb- - Former FDA commissioner- expressing concerns that our present approach has not yielded the positive results we had hoped for. He expects to see "rolling outbreaks " across this country, which will need to be reacted to with some isolation.....
One small example just announced is from United Airlines which took some gov't monies for protecting employees- announced that Sept 31 they will cut Admin jobs by 30%- one day beyond the gov't stipulation- This is just the beginning of the impact this virus will have on our society and jobs-

[sd]

The market seems to have stalled in it's rally, but the tech sector continues to push higher-So, I'm going with the Tide/Momentum areas....
I own the sector- VGT- and today bought PFE, on the possible future vaccine collaboration it is working on- and it's a solid diversified company-
Also bought ARKF- Fintech doing well while the bank-financial sector is down-
PTON- Peleton- maker of the expensive home exercise bile- reported excellent results- up after hrs - limit order $40.35
PYPL up nicely after earnings- Own it through the ARKF fund.
SHOP and ETSY both breaking out to new highs- (Not yet a position) but a reflection on the possible new economy- With Millions of people suddenly finding themselves unemployed even when the country reopens- both of these companies should see growth into the future- LMT $710 on Shop.
DKNG lmt $23 on the breakout-
BYND- huge jump higher on the meat shortage developing-
DOCU moving higher - lmt $113.00
It's curious that ZM and TDOC both sold off similarly in the prior week- perhaps on the idea that things will "open up" and return to Normal- I don't think we will return to Normal any time soon-

[sd]

Added some to the trading account- ARKG, ARKK SPCE, SKYY -Been holding ARKQ since late march one that did not stop-out during this recovery- thinking that robotics and automation With Tech VGT- in the IRA moving higher- and the markets seeming to have priced in the huge numbers of lost jobs, decades high unemployment. Wife and I Just received our monthly statement from the Equis funds account managed by an Adviser- Spouse is younger and has more market exposure- Now down just -7.75% YTD in her managed account - My account is down -5.35% YTD in that Adviser managed account- The Vanguard account reflects a + 17% YTD positive return - although I believe I had had been down approx -$8,000.00 at one time in March with some early purchases that declined- deeper. Ultimately saved by the market's sharp recovery - and it now looks like i had exited early- and so I am considering gradually stepping back in - Key premise is " gradually". I also bought AAPL earlier this week.
Some savvy market participants believe we are in for tough times- Gundlach, El Erian , but there is presently upside momentum in some areas of the market- so going WITH the momentum and setting- I had expected a downturn prior to today- and the market has proved my bias wrong- or at least premature- I will be adding some positions w/ size to the Vanguard account -
In the company IRA with American Funds the only group to select from- I have allowed that to be focused on mkts outside of the USA - I had been fortunate in that account - up about 20% through 2019 going into Jan when I put that account into a money market position planning to roll it over into my self-directed Vanguard IRA. The rollover into Vanguard occurred finally in March as everything was declining- New payroll allocations started from a $0.00 balance in that account since FEB in this year What I noticed is that some of my % allocations are under and over performing- and so I will rebalance into those several segments that appear to be leading over this month- I will keep some assets in the underperformers- .
Note this one screenshot includes charts from 30 Days, 15 days, 5 days - Notice that the red and purple have underperformed the Blue, lgt blue, and green - with the light blue graph leading the month. The trend appears fairly consistent through the 1 month period- and the assumption is that this momentum may continue to be overweighted in certain areas- and that momentum has persistence-until it does not- so I'll be Overweighting the outperforming funds for the next 30 days -
i.imgur.com/PC7pskk.png

Edit- Going into this pm I decided I would go ahead and put some of the free cash back into the market- despite my Bias- as the market has proved able to discount millions of unemployed -and the thousands of jobs lost or
In total I put the Vanguard accounts back into the market with a 40% cash balance remaining- Hate to Chase here- but I would hope to think I will get a chance to get a stop in place to capture some gain or to minimize the losses- Should this just be one massive Bear Market Rally-as I had been thinking, I will be suitably taken to task-for Chasing up here- as I had sold most on the pullback in mid April-

[sd]

5-10-2020
Just placed stops tonight on all positions- Did some belated Buying Friday 5-8 - Totally uncomfortable with putting the IRA account at Risk again as these represent assets thaT I will plan to rely on for the next 10-20 years- whatever is given....and will also be there to sustain my spouse in addition to her own account-
I think it is important to make the distinction that one should have a 1st line of defense and investment that is one's diversified retirement account- and perhaps then spin off some small % as one's riskier trading account- I use a portion of my Roth IRA as my trading account- through Interactive Brokers - for spec trades- and that eliminates taxes and all such concerns. I've tried to maximise the Roth account when possible- and so part of the Vanguard account is held within a Roth as well as a conventional IRA.
Full Transparency- The portion of my IRA I directly manage through Vanguard is $ 192,686.00 Trading account $12,221.00 - 5-10-2020 After 50 years of working- that is not a lot of accumulation put aside- Wish we had started earlier in life with our financial awareness- as time and compounding and financial discipline is a key ingredient to future financial freedom
My Spouse has her own Vanguard account (Roth) and we both have some other assets managed by a professional manager - Never even got Close to having that $Million to retire on- though- LOL! With my purchases this week, cash position is $82,000.00 approx 42% -
As the Wife and i reluctantly transition into these "Golden years" - Got here way too fast IMO- Cash preservation is perhaps more essential than striving for capitol gains-
With Bonds being a sub performer compared to inflation, and not looking fruitful in the future- I think continuing to try to actively manage my Vanguard account is worthwhile- While I anticipate leaving the workforce , I wanted it to be on my terms -perhaps later , but The entire Covid 19 impact may make that occur sooner -
I think this will be a year of Transition for Billions of people around the Globe- and tens of Millions in the US as this pandemic affects All of Us- My daughters are struggling with their businesses , and it's not for certain they will recover in the New Normal - This pandemic has truly disrupted- -no- devastated the lives of the majority of our citizens - and it will be a long time to see the overall recovery for the majority of those affected- Some will never recover from the impact of the loss of their work, their jobs, their mortgage foreclosed- I think we are only just starting to recognize the large and long term impact that this will become-
Aside from surviving the health impact of contracting the disease, The social and economic toll is just in it's infancy-
Where does America turn to get it's economy back on track? What if this disease does not diminish over the summer months and a Vaccine is not proven effective? It's not about hunkering down and surviving- it's how will our children and Grandchildren be able to Thrive as we move forward- It's easier to imagine the negatives that this disease has brought to us, than any potential positives- but perhaps the medical research will indeed get amplified to do in months what normally takes years-
And perhaps this financial shock will have significant repercussions throughout society to make us more aware that we need to be more prepared to spend less- save more- and plan for that inevitable rainy day- season- year - and - undoubtedly, the entire Healthcare system needs to be examined- This pandemic has brought a socialized medical approach- testings- costs eliminated- etc- because it has affected such a large percent of the population- It's difficult to think we easily revert to the prior system - but what comes next?
In a year with a political election in the balance- How will America choose to vote for the next 4 years this fall? How will the social bailouts get paid for? Will we have a return to a normalized society, or will we see schools delayed, and jobs replaced by further automation ?
Financially- with the wealth gap growing ever wider- will America not feel disenfranchised this fall if the jobs are not there , the mortgages not able to be paid, and the credit card companies have a hook deep into the pockets of most Americans..... This easily can set up for a large disruption in our path forward-starting with the political elections.

[sd]

Going through a few charts over lunch and this Minimum volatility fund failed to deliver what I had anticipated when I purchased it looking for some "safer" investments
i.imgur.com/OyKHNA0.png

[ira85]

I've been watching $SPX, expecting a significant move down. There has been a debate among experts, most seem to think a pullback is inevitable. That's what I have thought. But then I remember if I thought of it probably a million others did too. And the market has a way of performing that often makes both sides wrong. So I've been sitting on the sidelines waiting for a sign as to which way this will go. It's been sideways for about 10 days or so. Overhead resistance for $SPX is 2938 to 3002 Support is at 2731 to 2722. We closed at 2870. The index approached resistance and got very close. I'm wondering if it will be significant that when it turned it was a pretty big move on high volume.

I think your are exactly right about your priority being preservation of capital. One of those old fashioned market crashes while fully invested and BAM your in a world of hurt. I hope fiduciary advisors become more sensitive to this issue. There has to be a better way to get through a bear market than suck it up and hold strong all the way through. Then face the fact that it will take years to recover. As you know I've played a little bit of the short side. Mathmaticaly it is not more risky than the long side. I'll try it again if the conditions seem to warrant it.

I'm not surprised about the way minimum volatility turned out. I've seen studies that show small cap value is the best performing style in the long run. But it sure hasn't been in style for many years. Some day big cap, growth, tech will be done. But it may be a long time coming.

I don't know a lot about bonds. But that doesn't stop me from having an opinion. With the amount of federal debt, promises of more, policies that favor lower and lower interest rates, and all of that piled on top of many state and cities that are on the brink of insolvency I can't help thinking that is not a good environment for bonds. What if bonds slide at the same time stocks do? What if the age old negative correlation turns to a positive correlation. The old 60$ 40% portfolio turns out to have a lot more risk than expected. Every insurance company, every pension fund, all kinds of investments count on bonds to stay predictable so they can make good on their contractual obligations.

And that brings us to health care. I realized a long time ago there was a fundamental structural problem with health care. Almost all normal business dealings have two sides, a purchaser and a vendor. Between the two of them they work to find the best balance of high quality product or service at an affordable price. But health car is different. There is a third party, the insurance man, the money guy in all health care. Sometimes the purchaser and the vendor can weaken the insurance man and run the bill up. Sometimes no one is really concerned about how much it costs. Getting all three to work together is much, much harder than a 2 party business deal. I don't know how to solve it. For years I've held VHT because it was a very high performing fund. Year after year, after year. Health care has gone up double the cost of living for everything else. CNBC looks like we could open down tomorrow. ira

[sd]

I think the news of the past few days has pointed out the fragility and hype of where we have come back to- Both the Fed and the Investment side spokespeople have made comments that would proclaim we are at an unsustainable level based on what we are likely facing, it's prudent to not take the long side- Of course, my timing was right at this peak to take long positions- and so I'm down about -2% this week- but have tightened stops -close to today's lows- to control the larger downside close to today's lows. I felt my "timing" was suspect but did so anyways..
I would expect there is a greater likelihood of the market generally giving up some of it's optimism and some sectors particularly losing- XLF- financials just broke multi-week support lower, with 3 down days- Futures are higher this Wed pm - suggesting that we may see some upside Thursday- but overnight may bring any sort of "News" .
"
I think your are exactly right about your priority being preservation of capital. One of those old fashioned market crashes while fully invested and BAM your in a world of hurt. I hope fiduciary advisors become more sensitive to this issue. There has to be a better way to get through a bear market than suck it up and hold strong all the way through. Then face the fact that it will take years to recover. As you know I've played a little bit of the short side. Mathmaticaly it is not more risky than the long side. I'll try it again if the conditions seem to warrant it.
Your Hope that fiduciary advisers become more sensitive to the years it can take to get back to prior highs in one's account following a buy and Hold approach is optimistic and also possibly unrealistic- The likely scenario is that most advisers follow the typical 60-40 models of asset allocation- and recognize that trying to Time the markets ends up as a losing proposition. They are also paid whether the account gains or declines- so their compensation is not solely based on positive results- they also get paid on whatever the remaining account balance is in declining times- It is in their interest - and perhaps yours-ours- to put one in an asset allocation mix considered appropriate for one's age - and simply Go with the averages.

Unfortunately- preservation of one's capitol- Let's be generous and assume that one had a Full 1 Million dollar account- $1,000,000.00 under management.
The Adviser charges a simple 1.5% annual fee- to "manage" the account- or $15,000.00
Should the Account see a 25% decline- Down to $750,000.00 The account Holder is now jumping through hoops to reduce his annual withdrawals etc.
But the Broker/Adviser still gets to receive his annual/monthly fee- of 1.5% - or $11,250.00
The account holder is down $250,000.00 but the Adviser is not "Down" - simply receives a slightly lower compensation ....but still is paid a net positive for his "Services" and Advice. The account holder Loses 25% of his lifetime investment value- and the Adviser still gains- Albeit a lesser amount than the prior year.
Multiply this by 1,000 accounts under management- and the adviser ends his year with a small decline in his excel chart- While the Clients consider selling excess investments, How to pay for College tuitions, changing their life styles- and remortgaging their properties...
The Clients take on ALL the RISK of Loss in Capitol, while the Adviser chances to lose only with a net positive- but lower -commission for services rendered- whether those services made or lost money is not part of the compensation equation. The Broker/Adviser gets compensated whether the Client Wins or loses- He simply gets compensated More when the Client wins more-
The net value of a financial adviser is also one of the psychologist- They know that through History that Timing the market is a futile endeavor- and staying LONG ends up winning in the end as long as one survives long enough- The individual wants to jump ship at all the wrong times- Staying the Course pays off vs trying to be a market timer - over decades-of investing decisions.
I do think it was prudent to divide one's assets under diversified management- It's a good way to not have all of one's eggs in the same basket -
I have an adviser controlling some while I control the remainder- While I have done considerably better than the Adviser - at least in this go-round- I have to view the Advisers net performance similar to having a portfolio with Gold as part of the allocation- It Diversifies and adds some stability to what I would naturally be swayed to allocate and overweight into- like Tech- So, This is an unfortunate time to build expectations with a new adviser- but it might be worth a phone call to discuss the allocation with where the market exposure may be- and ask what is my maximum Downside? If the adviser cannot provide you with a realistic number- and leaves it wide open- That would be a reason to consider why not raise some cash at this higher market level.
Stay Safe - SD

[ira85]

I wrote my last post early this morning, around 2am. Thanks for your restraint in your comments. I was sleepy and shouldn't have been writing. I was wrong on several comments. The section on bonds is especially bad. I also wasn't thinking clearly about advisors, their compensation, and incentives. Your description is interesting. I never looked at it that way. I'm a little surprised that you flatly reject market timing. I recently read Riding the Bull by Sy Harding. Now I'm reading All About Market Timing by Lesley Masonson. He makes several citations for real world performance that shows market timers with well disciplined strategies have reduced volatility, lower risk,better risk adjusted performance, and sometimes better performance. Basically he says buy and hold out performs timing in bull markets and timers cam out perform in bear markets. Since the big risks come in bear markets, reducing risks then is very important. Buy and hold exposes you to too much risk. Both Sy Harding and Masonson cite the real world experience with variations on the "Sell in May, Buy in November" systems. Both say it works remark ably well. I better stop. Take care. -ira

[sd]

Just a short window to comment this am before heading in for the delayed start shift- Bringing my computer in with me today (work computer died) to access market information-
My comment about Market timing resulting in long term underperformance applies to the majority of those that do so- There are indeed some that can "time" the market- but I would think they are the more disciplined and knowledgeable - such as the market professionals employed by the big financial firms- There have been a number of studies done of retail investors that trade and attempt to do timing that tells us -on average- they underperform the market significantly- I'll try to find and link the source(s) of such studies- later - But the simple fact is that the majority of investment professionals underperform the indexes over any given period of time- the longer the look back, the larger the % that fail to consistently outperform the market indexes after expenses, fees etc. Since trained and experienced professionals fail to meet or beat the market benchmark , the vast majority of the retail segment that engage in market timing - likely are not following a solid backtested strategy with any rigor.
Market Timing during Bull trends - with the propensity to exit on slight pullbacks early, and then chase to get in on the upside - does have the ability to perform well during periods of substantial declines though- I would put myself in this category- Last year I underperformed the market's 24% return, do to my TA timing of my positions,- I think I had a net +18% (have to verify that) but the upside was that that same approach proved to put me into cash early in the Corona decline- and gave me the opportunity to get back in at lower levels making net gains during the upside move- So a net positive equity curve- Similarly, in the August decline going into December- in the prior year, I had been stopped out early on raising cash and able to Buy starting Dec 24, 26 at what proved to be the market Lows of that particular decline- However, that was employing a tight stop-loss strategy- So, my application of timing underperforms during Bull periods, and likely requires at least a -10% decline (not uncommon) to then see a move higher and resumption of trend . Since one never knows when that -3, -5% decline will become something larger, One has to take every such signal if it hits their particular level--Depending on my attention to the market- varies considerably depending on my involvement- a simple stop-loss strategy alone does not tend to capture the higher gains available- but does capture the majority of a move-
One also needs to consider target taking profits off at momentum peaks - another reason to involve some TA - Interesting subject- I'll continue this later when I get some time free,,,
And you are correct about Bonds not being what they historically represented anymore- Another hit on the typical portfolio diversification

[sd]

following up on Market timing- A few articles:

investornews.vanguard/3-mistakes-to-avoid-during-a-market-downturn/

Article on investing at the peak of each year and at the low day of each year:https://www.albertbridgecapital.com/post/the-futility-of-market-timing

The familiar theme is about missing some of the best days in the market as it rallies following sell-offs- and not being invested-
I will use myself as an example - The majority of my positions stopped out today on the low open as i had tightened stops following the prior 2 days of selling-

I actualized a net loss of 2+ percent as a scant few of those positions had been held with a decent profit in place (ARKQ). I recognized I was chasing- yet it appeared that the momentum was in place, and then the dire predictions from Fed, Fauchi, and several others cast a negative gloom-
And yet, the markets all closed up by the end of the day +1% or higher. That noted - myBias suggested that we will have a difficult recovery- but the markets appeared to have had the ability to see some glimmer of optimism- I now find myself back in a large % in cash, and looking for an opportunity to put that to work at reduced prices-
I also put too large a % of capitol back to work-
I'm still ahead for the year despite this small % loss - and potential whipsaw if the markets go higher- But I'll likely be more judicious and smaller size - and wait for a lower entry

[ira85]

I found this quote from Charlie Munger that seemed to relate to our discussion about market timing. I don't think Munger has much use for timing. “This is the third time that Warren and I have seen our holdings of Berkshire go down, top tick to bottom tick, by 50%. I think it’s in the nature of long-term shareholding, of the normal vicissitudes in worldly outcomes and markets that the long-term holder has his quoted value of his stock go down by say 50%. In fact you could argue that if you are not willing to react with equanimity to a market price decline of 50% 2-3 times a century, you are not fit to be a common shareholder and you deserve the mediocre result that you are going to get, compared to the people who do have the temperament who can be more philosophical about these market fluctuations.”

My take on Munger's comment . . . If you are a multi-billionaire and you suffer a 50% loss in a bear market practicing a buy and hold strategy at the end of it you are still a multi-billionaire. It's different for those who can measure their net worth in six figures instead of ten.

Consider this. If timing can result in bear market losses 20% less than buy and hold and then you miss out on 20% of the subsequent bull market gain, you'll come out ahead.

Buy and hold: Start with 100. Lose 50 in bear market. Then gain 25 in bull market. That's 100 -50 = 50 bear market. Plus 25 gain in bull = 75 for buy and hold.
Timer: Start with 100 and lose only 40 in bear market so he's down to 60. Then miss 20% of bull market gain 20% of 20 = 5. The timer starts with 100, loses 40 then makes 20. Ends with 80.

Maybe in real life it's hard to only be 20% less effective than buy and hold.

I have no experience with timing. I always practiced buy and hold for the long term. I would mostly buy highly rated mutual funds. Then hold them for a few years. I'd sell and replace when a fund had an extended period of under performance. So this watching the market every day and planning to sell on a moment's notice is a whole new ball game. Also, as I have admitted, in the last few years I neglected the portfolio and it became a mess. I have no gains to show yet for this new approach, but I'm certainly more involved.

The study from Vanguard on the futility of market timing didn't impress me. So what if 13 of the 20 best trading days were in years with an annual loss. The issue is did market timing have better risk adjusted performance. And not all timing systems can be judged by the results of one system. To say timing is futile is an over generalization not supported by the data presented. -ira

[sd]

I agree with your assessment of Charlie Mungers comments! That seemed dismissive of the impact such declines have on the average account holder -particularly if one is within a decade of retiring and possibly needing those funds-
One caution in timing - - Both The news and CNBC keep viewers attention by highlighting the potential for the markets to move - up or down- Market volatility swings intraday often prove out to be a non event - so it's appropriate to wait for a closing price before thinking about reacting- and- I'm guilty of allowing a couple of red bars to prompt me to think it was the start of a larger pullback- and then failing to reenter as the markets resumed the uptrend- I would admonish myself to Trade the Chart- and stay long with the trend -until it rolls over and the emas invert and decline-
That noted, after getting whipsawed this past week for a net loss with tight stops- I'm going to sit on my hands for a while- The SPY is sideways, with a push to the low side-
The qqq,s are still trending higher - and leading the market with Tech exposure-

[ira85]

It just dawned on me that Charlie Munger is a multi-billionaire AND 96 years old. I don't imagine he cares about a 50% draw down. The issue is of no consequence to him. -ira

[ira85]

Combine fun outdoor activity and an attractive investment possibility. From StockCharts Mary Ellen McGonagle, May 16 . . .

"There's one summer activity that's seen a distinct pickup, however, as those living near water can take part in boating while still practicing social distancing. Boat retailers are seeing an uptick in sales, with low interest rates and low fuel costs also spurring demand.

Malibu Boats Inc. (MBUU), a company that designs, manufactures and sells performance sports boats. The company reported earnings a week ago that were ahead of estimates and, while management withdrew their guidance for the remainder of the year, the company stated that they have ample liquidity to ride out any pandemic-related road bumps."

You are ahead of the curve since you already got the boat. Mary Ellen thinks that's a smart move. Do you use it for fishing, overnight stays, water skiing? -ira

[sd]

I bought this boat in Jan after having bought a used 18' Sea Ray boat last May- My wife and I both enjoying fishing in the local lake-She catches 3x as many fish as I -
We also had some family get togethers last year with our daughters and granddaughters and did some tubing, swimming and making a day of it- But everyone's schedule limited the number of family outings to just a relative few. Had some mechanical issues with the boat's electrical system at the end of the year- and put it in for a repair at the local shop- While it was in for repair-there was a new boat show in January and we went and I decided to Buy a new Carolina Skiff- small- just 17'-8" center console and set up for fishing- front and rear fishing seats, trolling motor, live wells etc. We'll still be able to do some Family outings, tubing etc, but the boat is a bit smaller than the Sea Ray- But it also comes with a 6 year warranty- and at this point I'm not wanting to deal with any maintenance issues that come with older equipment. .....Neither one was suited-or large enough- to spend the night on. Had this pandemic started earlier, I might have postponed the purchase- but it's done and paid for -
Time spent on the water is relaxing and a great get-a-way and breaks up the weekly routine- Plus, while the State parks and such were Closed in NC, the boat launch ramps that were not associated with a park remained open- A great way to achieve social distancing and enjoy the outdoors! Now that we are starting to reopen some of the park areas this week, hopefully more people can get out and enjoy the outdoors- yet maintain some social distancing. On the Home front we also have a decent sized garden for the basic veggies- so plenty to stay occupied with-
What's your relaxation? Certainly not staying glued to the market's gyrations- That's ulcer causing LOL!