Retirement planning is a lot like catching an airplane. You rush to get there then sit around and wait. When it comes to retirement planning there’s a rush to get there, to retirement. Your finances are all you think about. Do I have enough to retire? Should I work another couple of years? But then something funny happens. You find yourself retired. You do what you want to do and there’s not a whole lot of thinking about planning. Here’s a reminder to always stay focused on your savings. Action Line: Open an account with Fidelity and check that box for your financial security. Fidelity: … [Read more...]
This Is One of Tesla’s Largest Ever Safety Recalls
Tesla is about to undertake one of its largest-ever safety recalls. Rebecca Elliott reports for The Wall Street Journal: Tesla Inc. TSLA +4.77% is recalling roughly 135,000 Model S luxury sedans and Model X sport-utility vehicles over touch-screen failures, one of the electric-car maker’s largest-ever safety actions. The move comes after the National Highway Traffic Safety Administration requested a recall last month, saying the touch screen in some models can fail when a memory chip runs out of storage capacity, affecting functions such as defrosting, turn-signal functionality and driver … [Read more...]
Could Chevron and Exxon Merge?
Apparently, there was a discussion last year between the CEOs of Chevon and Exxon about merging the two massive oil companies. The WSJ reports: The chief executives of Exxon Mobil Corp. XOM +1.57% and Chevron Corp. CVX +0.76% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what could be one of the largest corporate mergers ever. Chevron Chief Executive Mike Wirth and Exxon CEO Darren Woods discussed a merger following the outbreak of the new coronavirus, which decimated oil and gas demand … [Read more...]
Bitcoin: When a Store of Value Is Manipulated
What happens when a store of value is manipulated? It no longer becomes a store of value. You know how this story will end. From Andy Kessler in The Wall Street Journal: Meanwhile, lo and behold, around the same time as that letter, Tether temporarily stopped creating any more currency. That might explain bitcoin’s quick mid-January price drop from $42,000 to under $30,000. If fraud is uncovered, look out below. Normally I wouldn’t care. Bitcoin is nothing, it’s vapor, a concept of an idea. Transactions using bitcoin are few and far between. It’s not a store of value—anything that drops … [Read more...]
Dick Young’s Safe America Chapter III, Part I.
The People’s Chemist writes, “State -of -the art science methods prove masks fail to block viral spread. Viruses are everywhere – so tiny a grain of salt is 1,000 times larger.” The medical journal Influenza and Other Respiratory Viruses showed “no relationship between mask/respirator and protection against influenza protection.” The People’s Chemist concludes, “We can rest easy knowing that the best way to avoid illness is to protect and bolster the immune system.” Over the past two years, I have assembled a package of trusted supplements that appear to be useful in bolstering the … [Read more...]
Fidelity #1: GameStop Gets Stopped Out By Robinhood
Robinhood made the grave mistake of cutting back trading yesterday. Why is this important? Because, for example, if someone places a market trade and the broker limits trading, your order might not be executed. You might even think you’re already out of the position but in reality you’re not because the platform limited trading.The next thing you know the stock has dropped by some crazy percentage and you’re still in it. If you’re going to play with the big boys then get aligned with a big boy platform like Fidelity Investments. This is not a game. And it’s why Fidelity remains #1 in my … [Read more...]
Here’s Why Apple and Facebook Are Preparing for War
Tech giants Apple and Facebook are preparing for a war over access to customers. Facebook may sue Apple for daring to give its device users control over their privacy. Jon Swartz reports in MarketWatch: The conflagration centers on Apple’s AAPL, -2.91% new iOS 14 policy, due this spring. It includes new privacy features that will for the first time require apps to ask for users’ permission to track them around the web. Such a feature, Facebook FB, -1.76% claims, would severely limit online advertising and kill small businesses in the process. Tension between the companies has escalated for … [Read more...]
The Great Reset: Crush the General Population’s Resistance
You recently learned that lawmakers, mostly Democrats, in Rhode Island are furious about the lies they've been told by the bureaucrats serving under Gov. Gina Raimondo (soon to be America's Commerce Secretary, more about that later). As Raimondo was packing her bags to leave for Washington, lawmakers in Rhode Island (as blue as the deep blue sea) were getting angry. Democrat elected representatives are upset at state agency bureaucrats because as these agency reps testify before legislative committees, the elected officials receive text messages from constituents reading: “Everything they … [Read more...]
Retail Investors Go Unicorn Hunting
James Bianco explains the dramatically changing investing preferences of the public, writing: There is no one definitive measure to show this shift, but the signs are unmistakable. Trading in individual stock options has been booming to new records, according to data from the Options Clearing Corporation. This has been led by purchases of options to buy stocks in lots of 10 contracts or fewer. Nearly 15 per cent of all trades are for one contract. Penny stocks have recently caught the fancy of investors. In December 2020, they traded 1tn shares, according to data firm SentimenTrader. That … [Read more...]
Valuations Reminiscent of Dot-Com Crash in 2000: Part II
You read yesterday about the online forums where traders are encouraging each other to invest in stocks, and creating a tug of war between them and hedge fund managers that is driving some stocks to dot-com bubble level valuations. The trading storm created by these online rumor mills is taking a toll on online trading platforms, report Justin Baer and Peter Rudegeair in The Wall Street Journal. They write: “These outages generate annoyance among investors in the short term,” said William Trout, director of wealth management at Javelin Strategy & Research. “Longer-term, outages call … [Read more...]
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