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I know it has been quite a while. I have spoken to Mark about posting and creating new “funds” for you review and comment. I will be preparing them over the weekend of October 11-12 and post on Monday, October 13th. Be sure to check back then!
It looks the Chaukin was right about them but he shouldn’t have scared people into selling NVDA at the same time.
Chaikin has a Q&A coming in August. I sent him a question on how he scared people out of NVDA because hedge fund managers were dumping their shares. He told people to buy ANET instead. We know how that pick turned out. I kept my small position in NVDA, but I did buy ANET, much to my chagrin. Chaikin is more in the business of pushing high priced services instead of real advice (I have said “no thank you” many times to him!). I still have ANET, and it will probably perform, but I just had to hold Chaikin’s feet to the fire on an incredibly bad call on NVDA.
GOOGL. P/E is only about 16. Concerns about search are overblown IMHO. And You Tube and Waymo add a lot of value.
D
Recommended at 80, it is now 167. Sometimes I amaze myself.
D
I have been thinking about the tariffs and their effects on the economy. They never should have been necessary. I think the decline of US manufacturing started when Nixon went to China. I think he should have left them alone to wither on the vine of communism. Then in the eighties, we actually gave Most Favorite Nation status to China! I remember at the time saying WTF they are communists! The final nail in the coffin was started under Clinton and completed by Bush when China joined the World Trade Organization (WTO)! Everyone at the time, said, oh wow, American companies now have a billion customers! No! The Chinese were playing chess while we were playing checkers. They ramped up manufacturing and sold us everything from T-shirts to TVs – even medicines. They are selling us the rope to hang ourselves. Was this all worth it to get cheap stuff at Walmart? I don’t think so.
Well, this has been a rough week (and month/quarter), especially for growth investors. I have been particularly disappointed in PYPL and NFLX. I think that NFLX will recover – I think worries over subscriber defections are overblown. There is still room for growth, especially outside of the US. But we will see. As for PYPL, I am less than sanguine. Management has been less than open with their reports. So I can’t say I would buy more. As for the rest of the stocks, stay the course and I still think you will be rewarded. I am especially confident that AMZN will rebound. Increases in Amazon Prime cost will absorb some of the higher shipping costs and it seems that AWS is unstoppable in the cloud market. So buy more AMZN with confidence in long term returns. I know that the fund has failed to beat the S&P so far this year, so again, in the long term I feel that these stocks will win.
With all of the events happening in Ukraine, my comments will be somewhat brief.
I want to remind you that panic is not a strategy. Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with this saying: “Buy when there’s blood in the streets, even if the blood is your own.” This is an important reminder, especially if you are a 401k and/or IRA investor building your portfolio. So continue to make regular investments in the market and don’t worry. And if you are following my 90/10 rule on allocation, put the 10% cash to use!