Fed Preps ‘Most Unpredictable’ Meeting in Years: 8 Key Items Shaping the Stock Market Wednesday
Renewed conflict in the Middle East, Microsoft and Meta earnings and other headlines moving stocks this morning.
Estate Sale
* I am the anti Boca Biff…
I am the executor of a large estate. The estate has been probated for about two months.
The estate has a very large and concentrated equity portfolio. ($NVDA represents over 40% of the account, $FTAI, $EQIX, $IIPR and a bunch of BDCs are the major components of the estate’s stock portfolio.)
I have patiently waited to liquidate the equities.
Yesterday afternoon I liquidated the entire stock portfolio. Not one share of equities remain. Given the elevated level of stock prices I wanted zero (nada, zilch) stock exposure.
Upon settlement I plan to put the proceeds into a money market fund on Monday morning.
This is called an Estate Sale.
Post Script: I recently spoke to Boca Biff for the first time in years. More on Boca Biff’s stock trading early next week.
Position: None