Let’s have a good year regardless of what the market does. The market goes up 10% a year on average. If it was a steady, every year 10%, you would have it made or be invested in a Ponzi Scheme. Speaking of Ponzi’s, I highly recommend the new docuseries “Madoff: The monster of Wall Street.” I of course, was in …
March 23rd, 2022 Mindful Money Blog –Explaining the mind behind investor behavior I love the movie Raising Arizona. The movie is a nonstop bunch of absurd happenings. After one of those absurdities, the Nicolas Cage character is told it’s a crazy world. Cage says, “Yeah, someone ought to sell tickets.” I have used that a lot in the last year. …
March 14, 2022 Energy When stocks are fully priced, people begin to look for an excuse to sell. We have 2 excuses. A war, and inflation. Problems have been exacerbated by the administration. While facing a war, it is at war with our great oil and gas industry. Even as I write this, the Biden Administration is unable to allow …
01-26-2022 Panic Selling, Panic Buying I guess I should talk about the recent market “correction.” Because even if you are well suited mentally and emotionally for it, it is still concerning. Why is it called a correction.? We may have been feeling like the market will just continue on its jolly way the rest of our lives. We know that’s …
2021- An Earth Odyssey 2021. Another interesting year. With 7 trading days left in 2021, the S&P is up over 25%. For those who have missed out on this bull market, regret is hardly a strong enough word. The S&P index is up 5-fold from June 2009, the bottom of the 2008-2009 unpleasantness. So, do investors have 5 times the …
Two Thinking Errors that Kill Investment Success This is from a continuing series from my Book, Mindful Money- How to Overcome the Number-one enemy of Financial Success: Your Brain. Common thinking errors can cost us fortunes if we don’t recognize them. Here are two of the deadliest errors. Anchoring When investing we get “anchored” to a past price, or …
Friends, This is the 3rd of 3 parts. This has all been a long explanation of my thinking that oil and gas stocks have been a great opportunity and will be in the future. Those comments are at the end. Let’s recap. My analysis says that solar and wind can’t work. I have outlined the reasons. Some random crazy things …
The Fantasy of Wind and Solar-Part two: Electric Vehicles The purpose of this series of blogs is to share my thoughts about whether oil and gas will continue to be something to consider as good investments, and to explore some options to the zombie like march to batteries running the world. I have no expertise as a scientist or engineer. …
The opening scene of Bladerunner (2017) is of a future aircraft flying over California. In the scene virtually all available land is paved over with solar panels. What was meant for light has created a very dark world. Recently California put out a “Flex Alert” asking Californians to avoid charging their cars during times of heavy power use. This was …
As I mentioned last time, I would go over what I know about the Biden tax plan. I know about items that I believe may hurt investors. Before you get depressed and start drinking heavily, two warnings: None of these items have become law. So, please call your Congressperson. And we never really know the results of these changes. The …
I have had several conversations lately with people who are terrified by what they see as horrible policies coming out of the new administration. We had the same thing with Trump. The media and democrats were sure financial Armageddon was at hand. Half of the country feels this way at every election. Whoever you voted for will do well and …
Anyone watching the market this year thinks we are seeing a wild ride. Part of that is just getting used to high numbers. When the Dow was 11,000 about 10 years ago, a 200-point loss was bad. It was 2.7% of your total. Where the Dow is today over 31,000, a 200-point drop is less than a 1% loss. We …
Blog for February 2 Happy Ground Hog Day, I have not blogged in a while! A lot has happened in a couple of months. I have sold my house in Scottsdale and I am closing on a house in Boise at the end of this month. I hope to be up there in late March. My plan is to be …
Just a quick note. I know a lot of you are feeling unsure about the future. Well, that’s how the future works unfortunately. Usually bad things happen when we are thinking we are doing well. So good things must be coming! I am looking forward to seeing how 2021 plays out with the vaccine. The market seems to like the …
Overall, the market doesn’t seem to care who wins. When Biden is ahead they say he is causing the market to rise. When Trump is doing well they say he has caused it. The market has been good for those in the right industries. It is very narrow focus, often dictated by Covid news. Stocks like Amazon, Walmart, McDonalds, Apple, …
Sept 18, 2020 Markets: The markets continue to amaze me with their resilience. Some companies have benefited from lockdowns and restrictions. That is little consolation to the store, restaurant, bar, and salons, etc. who have willing patrons but can’t let them in. Who would have guessed that governments would set up a situation where money is funneled to a small …
The Second Wave Revisited– August 5th 2020 During this made up “second wave” we are told we have 2-3 times more cases on average daily than we did in late March and early April. How? Almost a million tests a day. In a week starting last Thursday we tested over a million people a day twice. Weekly total is over …
July 14th, 2020 At the beginning of the Covid outbreak (tired of typing the “19”) people would not feel well. Then as they got a fever and bad cough or trouble breathing they would go to the Doctor. The Doctor would diagnose Covid based on symptoms and that would count as a “new case.” In the last 4 weeks, June …
You should have woken up this morning and read this headline: Deaths from Covid 19 continue to drop. Intense testing discovers many more people have had coronavirus than thought, reducing the odds of getting it or dying to 1/10th of what they were. Wouldn’t you think you may hear about deaths dropping on the news? Well, it starts to make …
The Second Wave that Isn’t-Part one This is part one of two parts. I am just starting to learn a lot about the “spike” in Covid 19 cases. But first, some market comments. Again and Again, people shrug their shoulders when asked why the market has come back so strong. Two observations. 1) The PE ratio for the entire S&P …