Happy Friday. What a week. Are you feeling the whiplash from the market? Look at this chart below and share it with a loved one. This is how you begin teaching the next generation how to invest. It speaks the truth to investing: TIME. The key ingredient to compounding money is TIME. Without TIME you’re blowin’ in the wind, not sure which way is up. Like a child, your investments need TIME to grow. It’s said that Albert Einstein referred to compound interest as the 8th Wonder of the World. Take it from the guy who knew a thing or two about TIME. Put time on your side. How else do … [Read more...]
FLOW BEGETS FLOW: Hedge Funds Chase Meme Traders Into Apple Shares
Reddit's army of meme-stock traders can now move the values of the biggest companies in the world because hedge funds are chasing them into options trading strategies. Look what happened to Apple this week. Eric Platt and Madison Darbyshire report in The Financial Times: Investors pointed to several reasons for its strength, including the fact the company is a defensive play as uncertainty abounds over the coronavirus and as monetary policy shifts at the US Federal Reserve. Trading volumes in Apple have been impressive as mentions of the company have climbed up the ranks on Reddit message … [Read more...]
Dreaming of Bitcoin in Your Stocking this Christmas Season?
You’re asking me about Bitcoin. I get it. With all the mad money created by the Fed, inflation running hot, and a supply chain rusting away, you want to know my thoughts on Bitcoin. As I’ve written to you before, I’m not buying it. Does that mean I don’t believe in the science? No, not necessarily. I just don’t need to be the first one to find out if it’s wrong. Let me explain. One of the hardest parts about investing is being human. We get excited about stuff. We don’t like to feel like we’re “missing the boat.” That eats us alive inside. It’s nearly impossible to get it out of your mind … [Read more...]
SUPPLY CHAIN SOLUTION: Teen Truckers?
The recently passed infrastructure bill contained a new rule allowing some teens to legally drive semi-trucks, in the hope that allowing them to do so will create a supply of new drivers that can alleviate the supply chain troubles America faces today. Bloomberg reports: Dezjion Henson has wanted to be a truck driver his whole life. When he turned 18 last year he jumped at the chance and signed on as an apprentice with Total Transportation of Mississippi, LLC in Richland, Mississippi. He assumed he would have to wait until he turns 21 to book the lucrative, cross-country runs he took with … [Read more...]
Remembrance: When A Loved One Gets Sick and Survives
Life comes at you fast. One minute you’re drinking your morning coffee, and the next, you’re in the emergency room after a major medical event. That was the basis of my conversation with a client yesterday, as he told me this weekend was a special birthday for him. He turned 51. This birthday was different than the others. Last year they were worried sick on his 50th, as he was just diagnosed with cancer. Every birthday after that will be different. I asked him how his wife Melissa was doing. “She was my rock,” he said. A few years ago, he and Melissa visited me in Newport, and they both … [Read more...]
Is Anti-Trust Finally Catching Up to Big Tech?
Through time, a small number of tech companies; Facebook, Google, Amazon, Microsoft, etc., have amassed much of the share of their respective markets. Regulators mostly gave them a pass as they acquired smaller rivals, but now those days may be over. Parmy Olson reports in Bloomberg: For years, Facebook and other large technology companies grew into vast digital conglomerates by making so-called killer acquisitions, small deals for companies that could one day pose a competitive threat. Internal emails between executives at Facebook show Chief Executive Officer Mark Zuckerberg and his … [Read more...]
Markets Can Be BRUTAL: Time to Get Serious
How did you feel about your investments while talkin’ turkey this Thanksgiving? Did the story about the cryptocurrency millionaires get under your skin? Did the 900-point drop in the Dow on Black Friday cause indigestion? Because these are the times to understand why you’re reacting the way you are to the events of the day. In a time when people discuss their money with the same breeziness they do the weather, it’s important to remember just how much is at stake. Don’t forget how brutal markets can be, even for investors who are “in the know.” Action Line: A trusted advisor will help … [Read more...]
FOOL ME ONCE: Nissan Wary of EV Projections
In 2010, Nissan took a big leap of faith into the electric vehicle market, spending billions on designing and building battery-powered cars. It didn't turn out as planned, and now the company is wary of projections of growth for the electric vehicle market. Sean McLain reports in The Wall Street Journal: TOKYO— Nissan Motor Co. was once the world’s loudest proponent of electric cars, but these days it is one of the more sober voices. On Monday, the Japanese car maker said it would spend about $17.5 billion on 20 new battery-powered models, aiming to have half its sales come from electric … [Read more...]
Did You Miss the Biggest Market Rally in over Eight Decades?
UPDATE November 30, 2021: Since we first posted this in March, stocks have continued their upward climb rising another 18%. Investors who bailed out at the March 2020 bottom and still haven’t gotten the courage to invest back in the market have forgone a 113% return. Ouch! And that doesn’t even count the capital gains taxes that were likely due when long-held positions were sold. Trying to rush for the exits when everyone else in the building is doing the same and then piling back in when the all-clear signal is given is a good way to get banged up. A long-term balanced approach that properly … [Read more...]
CALLED OUT: Omicron Variant Panic Puts Investors in a Corner
For those of you still working off Thanksgiving dinner, you may have missed the 900-plus-point drop in the Dow Jones Industrial Average. Unfortunately, for some, the decline forced investors to sell their own shares because of margin calls. As the WSJ reports: Markets sold off worldwide on Friday after South Africa raised alarm about the new “variant of concern” that the World Health Organization named Omicron. The panic may be driven more by the fear of new government lockdowns and social distancing than by the variant itself. The Dow fell 2.5% while U.S. crude prices tumbled 13% as the … [Read more...]
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