The COVID era didn't only stifle everyone with it masks, distancing, and stay home from school and work idiocies. Hopefully we all learned how wrong a government can be and how much each of the TV bobble-heads say is only what furthers them along to being the perceived wise person or to cover up their ignorance. Not the subject of this entry, just needed to get it out!
Today,
we look at where the Wall Street Markets are heading and how to get back in.
For the last year I have been essentially out of the Techs and other risky or
less favorable stocks. The private companies have more than surprised me in
that regardless of the poor economy and political environment it continued to
grow and even sustain that growth until the beginning of this week. I was out
collecting my 4.75-5% in a broker’s account for large amounts in addition to my
7-10% preferred stocks. So, I didn’t miss out on much at all while the indices
climbed. All this generated interest was in my IRA accounts, so, dream on
Taxman those percentages were Tax Free!
This week we took some hits dropping the indexes and I am predicting
another poor week ahead. I nibbled over the last 3-6 months when the market
dropped gradually getting back into the market with stronger selections and
more balanced portfolio (always something to improve). Now, I am waiting for
next Friday, the day the markets move big up/down to catch a buying wave. MSFT
is back down to the level I sold it months ago and I most definitely need that
stock back in the portfolio. Most others I rebought piece by piece averaging
back in gradually., like AAPL, AMZN. TSLA was a loser and I think still. EV’s are
NOT the short future. Plus, China hold the power in batteries.
Is
it really time to go full in? Long-term, yes. I’d say there is a LOT of crap
out there to consider which is negative, but the question is how will the
private companies fare. A positive is AI. How much hype is there re Artificial Intelligence
(AI)? If the media or TV bobble heads would really understand AI they would
stop talking about Goggle algorithms. AI is far more complicated and useful than
making the people believe it is the keyword-search functions and algorithms and
how someone is going to manipulate it more than the Dems have already with its
collaboration with the Techs and the numbskull Media sheep. AI was being
developed back in the 1970’s at IBM Watson Research. Do you really think it is
a keyword processor algorithm that took 50 years to advance? I don’t have time
to tell you the so-many useful applications and misuses. Just believe me that
we have been waiting for this learn-as-you-go, explore-all-the data in the
world, analyze it utilizing thousands of expert analyses and processes, then
present a solution that no one expert could ever imagine. This baby is a spark
to unimaginable growth of new companies and expansion of existing ones, let
alone, improvement to our lives. Think medical diagnoses, think Network
performance improvements, think manufacturing marketing analysis, improving
profitability, streamlining the manufacturing of products. We lived in a world
where even the “best” manager couldn’t keep up with process improvements. Not anymore.
Long-term, you MUST be in the Tech Markets. We only saw a tiny piece with the
CLOUD business companies becoming available to manage data on their systems to
offload and faster process other company data. Now here is where AI can improve
it’s the algorithms to rapidly and completely improve the connectivity and
management of the Cloud for its many Applications and Users. The cloud alone
driven by MSFT, AMZN, IBM and the likes will see major benefits in products and
services. Health Industry components including hospitals, doctors, etc. will
become substantially better prepared and develop more beneficial services.
These Techs must be in a portfolio. Of course, for the riskier stock players,
small Tech companies have huge potential. So, if you are still bringing in work
income its time to put on the Lont-term beanie and jump in based on the risk
you can tolerate.
The
Fed maintained rates this time. Inflation is going back up, thanks mainly to Oil
increases. Humpty Dumpty Joe continues to waddle with his head in the mud; the
people actually running the government aren’t much better. We still have a
massive immigration problem killing our cities. Who created it? Our government
with its can-kicking for decades. Why we never updated the immigration policies
to allow the proper type and quantity of workers and an improved entry policy for legal entries
I cannot understand and have been wondering that for at least 30-40 years! Joe
has NO CLUE what it all about and what must be done. We desperately need to
overhaul the whole immigration process. That will never happen until we get the
clowns in the House and Senate out to pasture and replace them with real
thinkers and movers. An outside consultant to run meetings and planning
sessions would be most extremely invaluable. Never see it! They know only how
to play the beat up the other party game. Gets me back to a very long-ago post
(you can find it by entering keywords) re abolish the two-party system. Anyway,
I’ll support the let’s-put-an-end to this illegal migration that is killing
America. The Wall should have been completed! Joe, you are clueless! Then yesterday
he was back reading his speech on TV blasting the Republicans for the
immigration mess. I only hear a snip it or two, for I have better things to do
than listen to his babble. I don’t know how Trump would deport everyone as he
claims he would do, but this illegal crap BEFORE the legal ones is real
disturbing. Plus, not know where everyone is and who came in is a major
National Security threat. What are the Dems thinking? Yes, I know that answer –
more votes down the line while them sacrifice life today!
Back to the Market. I have primarily kept the same portfolio of investments for several decades and have beaten every mixed investment model out there. Create a portfolio with just a few stocks. Don’t ever put more than 20% into risky stocks unless you have many years left of work. Always buy for Long-term vision. Avoid the news (generally), meaning don’t react to it. It will only change in the short-term. Breathe and enjoy the outdoors more, away from the financial stuff. Use the Williams%R graph indicator to learn when to buy/sell and overall market changes. I have a lot I can share with little time to do it. So, enjoy the investment journey and learn, learn, learn. Homework is Every Day; Work is every day. Commit and make an effort. Good Luck.
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9/27/2023
Prediction happened. Couldn't wait for the Friday move...could be up big or down, but back to positive next week. Therefore, I'm back in earlier than waiting for the absolute lows tomorrow or later today. 😉
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