I can’t take this anymore. It’s bordering on ridiculous.
Stocks are down another 1%-2% today, and banks are getting wrecked.
I invest in financial stocks. I invest in banks. I have my money in cash in bank accounts.
If banks fail, what is there? This is supposedly the bedrock on which our financial system is built. And now the bedrock is shaking.
Without further ado, here are the top five holdings in my portfolio based on their total investment return since I bought them. #1. GALP At the start of the Russian war with Ukraine, there was some concern about gas supplies in Europe. Through some weird luck, I bought Galp. It has been up 116% since…
I saw an interesting chart today. The conclusion can be that investing in stocks, while riskier, averages out to a higher return in the end. And thus, it’s pointless to invest in fixed income products. If you can survive without the money invested in your account for, 10 years say, you are always better off…
It’s impossible to predict the future, especially the stock market. Even when the economy is bad, the stock market can do well. And it can certainly over-react to news at any time. And recover faster than anyone expected. So this is all speculation and there’s no way to predict the future. But let’s examine one…
I saw a video today that shows why things can continue the way they have been. It’s a bit long, but worth watching a bit of it. The basic concepts are that you can’t predict the future. And what happened in the past (including this year), cannot be used to predict the future. Most of…
I used to say, there was so much money in the world searching for a place to invest, that we may have entered an era where stock market crashes are over in a few weeks. We’re so conditioned to “buy the dip” and “buy when there’s blood in the streets”, that many people run toward…
This week I have a problem that most people would not consider a problem. OK, it’s not really a problem. But it’s a unique reality. Every month, as my clients pay me, cash is added to my business account. I don’t actually need that cash immediately to run the business. So the cash stocks up….
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