In Search of the Perfect Investment

Stop sending me emails asking should you buy stocks today?

You  are emailing me because you believe that stock prices are too high and will come down.

Meantime, they keep going up and you’re missing out.

Take Tesla. There’s no way this thing is worth $1885.

But then it wasn’t worth $1500 or $1250 or $1000.

Will it go to $2500? I don’t know and I have no way of telling.

There are people who think they know. They are “value” stock analysts and they think they can apply metrics like sales, earnings, profits, cash flow, etc. and come up with a magic number as to what the stock is worth. If it’s selling for lower than their “worth” number, they buy it. If it’s selling for higher than than this magic “worth” number, they sell it. Maybe even short it. Which is really dangerous, and really stupid in today’s market.

These “worth” people have been buying and selling stocks this year to their detriment — i.e. most are losing money, despite tech stocks (like Tesla and FAANG) climbing through the roof. they are also eyeing the lousy economy — zillions of unemployed and dropping GDP numbers — and they’re saying “How can this be?”

But it is.

Today our portfolio is down– largely because of Amazon. What you don’t see from the list of our stocks in the right hand column  on the web site is how many Amazon we own. I own a lot. You may not. So, you may be up today.

Allocation: The best way to buy stocks is to nibble, watch it, learn it and keep buying. There’s no science, except you shouldn’t own CDs, bonds, treasuries, etc. They all pay garbage.

We’re having summer storms

The storms knock down trees. And they kill our power and our Internet and our Zoom. Unless we have one of these things:

I bought my first shares in Generac (GNRC) when I saw one of these in a big hotel complex in Anguilla around Christmas last year. Remember the good old days when you could travel?

Anyway, I notice they’re popping up everywhere. This one backs up a theater called PS21 in Chatham, NY.

One of my nice readers just sent me a clip from Michael A. Robinson’s Nova-X report:

You’ll be pleased to know that my profits on GNRC more than paid for the pricey family Christmas vacation.

Good idea to keep you eye open when you’re traveling.

Two Factor Authentication revisited

My friend at JPMorgan Chase, Paul Hannah, got it working for me. Here’s how I now get to my bank account now.

First, I go to the bank’s online login page,type in my userID and my password (actually Google Chrome does that for me).

Than I go to my iPhone and access the RSA app. This is what I see:

I type the number into my JPMorgan Chase login page, under my password. It checks if the number is OK. Then I’m in.

Unless you have my iPhone and the right RSA number, you can’t get into my bank account and wire yourself $50 million. (I  wish.)

Slick?

The Purina Diet revisited

Yesterday I was at my local Kroger’s buying a large bag of Purina Dog Chow for my loyal pet, Jake, the Wonder Dog, and was in the check-out line when a woman behind me asked if I had a dog.

What did she think..I had an elephant?

So because I’m retired and have little to do, on impulse I told her that no, I didn’t have a dog, I was starting the Purina Diet again. I added that I probably shouldn’t, because I ended up in the hospital last time, but that I’d lost 50 pounds before I awakened in an intensive care ward with tubes coming out of most of my orifices and IVs in both arms.

I told her that it was essentially a perfect diet and the way that it works is, to load your pants pockets with Purina Nuggets and simply eat one or two every time you feel hungry. The food is nutritionally complete so it works well and I was going to try it again. (I have to mention here that practically everyone in line was now enthralled with my story.)

Horrified, she asked if I ended up in intensive care because the dog food poisoned me.

I told her no. I stopped to pee on a fire hydrant and a car hit me.

I thought the guy behind her was going to have a heart attack he was laughing so hard.

Two grandkids somewhere in the Oregon forest

Peter is the builder. Eleanor is the discerning client.

  

Susan and I would be with them. But we’re still scared of flying across the country.

We’re going to see the other two grandkids next week. We can drive there.

We played our 158th consecutive game of tennis this morning.

Stay healthy. Don’t talk to your friends about politics. One wants me to call him. He emailed me:

Harry, please write something about the 9/11 Truther Movement of which I am a member. Too many Americans still don’t realize that the government faked 9/11. We need to change that. If you’d like to interview me maybe we can change some peoples’ minds.

See you tomorrow, or so. — Harry Newton