Buying stocks from companies that are hyped by online investment gurus will often leave you with losses. By the time you hear about the stock, it is usually too late. High volatility is common and if you get in after the peak, you will end up with a stock that
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March Tech Selloff
The stock market has not been nice to tech stocks in the last few weeks. I’ve seen this before and it usually ends badly for all stocks. There are some areas of strength, like basic materials, but those stocks can also come down if the selling continues. I bought a
Continue reading2020 Income
In the fall of 2019 I had to estimate my income for 2020 to qualify for health insurance assistance. The estimate I came up with was $19440. That’s about 70% less than my income from the previous year. Unemployment was $8000, dividends and interest gave me another $8000. Ebay sales
Continue readingThe Gamestop Saga
Gamestop has been in the news a lot this past month. A short squeeze drove the stock price up from $17 to over $347 per share in one week. It has settled back to the low 90’s today. Hedge funds have been playing the short game for years. There is
Continue reading2019-2020 Investment Chart
Investing charts can only show what happened in the past. Predicting the impact of future events is difficult, if not impossible. But, it is always interesting to look back and see how your investments did over time. The chart above shows how my investments did over a two year period.
Continue readingNovember Trades
This past month saw the DOW (DJI) rise from 26501 to 29638. That is a massive increase of 3137 points in one month. The election results and positive vaccine news helped move the markets forward. I sold half of my position in Gilead (GILD) having lost faith in a quick
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