Other than what someone’s willing to pay you, where does a cryptocurrency’s value come from? Because when it comes to sources of value, with dividends from stocks and interest from bonds, you know where you stand. With cryptos, you hope someone doesn’t jump the line. When a company pays you a dividend (or a bond […]
Investing
World Class Food Destinations & NO GO ZONES
You and I are reminded daily of a recurring theme: Big isn’t beautiful, especially when it comes to cities that lock it all down. In case after case, we’ve seen the success of smaller cities that are less strict, and remain open for business—they survive and thrive. Unfortunately, in big cities, the farther the “experts” […]
Richard Young Reports: 50+ Years with Fidelity and Wellington
I started in the institutional research and trading investment business at Model Roland & Co. on Federal St. in Boston in August 1971. Just up the street from Model were Fidelity Investments, and Wellington Management, both of whom I called on from my very first hours on the job. Over five decades ago, Ned Johnson, […]
Your Survival Guy: MVP, Cryptos, GUNS, Big Macs & YOU
How are you? Are you thinking about where we are in life right now? Wondering if it will ever go back to “normal?” I know I am. It can get pretty upsetting thinking of how easily they take things away. As if they know what’s best for you and me. They don’t. In thinking about […]
Naples, Florida Is the No. 1 Beach Town To Live In
Travel + Leisure has named Naples, Florida the “No. 1 U.S. beach town to live in.” One of our family’s investment counsel firm offices is in Naples, FL. (The other is in Newport, RI.) The Naples Daily News reports on the designation, writing: Travel + Leisure recently wrote that the Southwest Florida city is the No. 1 U.S. […]
Stocks: S&P 500 Hit 25 Records this Year
You may have noticed the food and beverage industry needs workers. Like, right now. You can expand that out to most businesses in the service industry. Your Survival Guy will place the blame on big government unemployment checks and on the lockdowns freaking people out. Case in point, we escaped to the city this weekend […]
Lumber Prices Are Soaring, Should the Fed Be Afraid?
Lumber prices are breaking records. First position Spruce-Pine-Fir futures are trading at over $1500/metric ton. Perhaps the most frightening aspect of the spike in lumber prices is that builders have been able to pass them on to customers. The Fed should be very worried about the rapid rise in prices going directly to consumers. The […]
Sell in May?/911 Emergencies/Fidelity #1/Cryptos/Stocks
Who’s got your back in the world of finance when the going gets tough? And some other thoughts. When Georgia changed its voting laws, and over 100 CEOs and business leaders signed a letter in protest, did they even read the law? File this under my “You Invest, They Win.” Are you surprised to see […]
Strong GDP Set to Accelerate in the Second Quarter
First-quarter GDP estimates came in at a robust 6.4%, with growth likely to accelerate to more than 8% next quarter. Over the coming weeks, economic activity in the U.S. will surpass its pre-pandemic high. With the Fed pumping over a trillion dollars of liquidity into financial markets annually and the Six Trillion Dollar Man (Joe […]
Pandemic Spending Pushes Amazon Profits to Record
The pandemic created a perfect storm for Amazon. With more people shopping, and more people working from home using cloud services, Amazon’s profits have soared. Sebastian Herrera reports for The Wall Street Journal (abridged): Amazon. AMZN 0.37% com Inc. reported record quarterly profit as demand remained robust for its deliveries, cloud-computing and advertising businesses, capping […]
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