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Take this weekend to simplify your investment strategy. Here’s one technique, and why.

They predicted the market would tank when Trump got elected. It didn’t.

They predicted the market would tank when Biden got elected. It didn’t.

These are the best arguments for a form of investing called, “Dollar Cost Averaging.” Every month, you take money from your salary and dump it into the market — whether the market is going up or down. Put 80% of your money into index funds, like VGT and VTI, and put the rest into stocks of companies you buy from and love — like Amazon, Apple, PayPal, Microsoft, Nike, Costco, Home Depot, etc.

Janet Yellen will be the most qualified Treasury Secretary ever. Writes Nicholas Kristof this morning:

It’s hard to overstate the enthusiasm among economists over Joe Biden’s selection of Janet Yellen as the next secretary of the Treasury. Some of this enthusiasm reflects the groundbreaking nature of her appointment. She won’t just be the first woman to hold the job, she’ll be the first person to have held all three of the traditional top U.S. policy positions in economics — chair of the Council of Economic Advisers, chair of the Federal Reserve and now Treasury secretary.

And yes, there’s a bit of payback for Donald Trump, who denied her a well-earned second term as Fed chair, reportedly in part because he thought she was too short.

For Kristof’s full piece, click here.

Zoom Family Thanksgiving 2020 

Everybody stayed home. We had an agenda for the call. Everybody had to have a Thanksgiving joke. Samples:

+ “Why did the farmer have to separate the chicken and the turkey?” “He sensed fowl play.”

+ “Why did they let the turkey join the band?” “Because he had his own drumsticks.”

+ “What happened to the turkey that got in a fight?” “He got the stuffing knocked out of him!”

+ “Why did the turkey cross the road?” “He wanted people to think he was a chicken.”

+ “What did the turkey say to the computer?” “Google, google.

The lapel mike makes a huge difference to the quality of your voice on a Zoom call. It’s on big sale today at Amazon.

Click here.

Don’t buy lightbulbs locally

I bought these lightbulbs at our local Ace hardware store this morning.

Then I bought some on Amazon. Ace was two and a half times as expensive. Yuch.

Obama was not our best president

But his biography — just out — is engrossing. First print run was nearly six million copies.

Buy it here. Read the Kindle version. Easier and cheaper. The book weighs in at a hefty 751 pages.

For a fascinating look at the economics of book publishing, read “Publishers Weigh Risks and Rewards of a Trump Memoir.” Click here.

A trip to Hooters

Two guys grow up together, but after college one moves to New York and the other to Washington. They agree to meet every ten years in Florida to play golf and catch up with each other.

At age 32 they meet, finish their round of golf and head for lunch.

“Where you wanna go?” “Hooters.” “Why Hooters?”

“They have those servers with the big boobs, the tight shorts and the gorgeous legs.”

“You’re on.”

At age 42, they meet and play golf again. “Where you wanna go for lunch?” “Hooters.” “Again? Why?”

“They have cold beer, big screen TVs, and side action on the games.”


At age 52 they meet and play again. “So where you wanna go for lunch?” “Hooters.” “Why?”

“The food is pretty good and there’s plenty of parking.”


At age 62 they meet again. After a round of golf, one says, “Where you wanna go?” “Hooters.”


“Wings are half price and the food isn’t too spicy.”

“Good choice.”

At age 72 they meet again. Once again, after a round of golf, one says, “Where shall we go for lunch?” “Hooters.”


“They have six handicapped parking spaces right by the door and they have senior discounts.”

“Great choice.”

At age 82 they meet and play again. “Where should we go for lunch?” “Hooters.” “Why?”

“Because we’ve never been there before.”

“Okay, let’s give it a try.”

Nice weekend coming up.

Walk. You’ll live longer.

Play tennis. You’ll have more fun.

We played our 263rd tennis game this early morning.

Virus infections and deaths continue to escalate. They don’t have to include you.

Wear a mask. Stay six feet away. Wash your hands. Don’t do stupid.

For those who are about to get it, look at the people and wonder — that’s the sperm that won?

A friend of mine has his Palm Desert travel retail store up for sale. It’s a great deal if you can wait for the vaccine, when travel will bounce back.

See you Monday. — Harry Newton