Skip to content

More advice than you’re ready for. Some of it is useful. Some of it actually works… And then there’s bitcoin

Don’t sell when your stock falls — most especially if your stock hasn’t done anything stupid and you still love it.

When stocks they gone on sale. You now love it more. Buy more.

This won’t be always the case. But for now, in a rising technology market, it’s good strategy.

Don’t gloat to your friends how much money you’re making in the market.

They’ll respond by telling the market will soon fall.

And it will. But they can’t tell you when. And neither can I.

By summer most of us will have shots and the world will be back to normal — if there is such a thing.

You should not buy airlines and cruise lines in anticipation of “normality.”

I have no idea if you should buy a little bitcoin. But it sure looks that way. Here’s my list:

PayPal, Square, MSTR, Nvidia, AMD, Tesla… and Grayscale Bitcoin Trust (GBTC)

If you look at GBTC, know what Kiplinger wrote about way back:

ETFs typically trade very closely to their net asset value (NAV), meaning what you buy is what you get. However, GBTC can trade at a significant discount or premium, meaning that, depending on the time, you might be buying into Bitcoin for far less, or far more, than it’s actually worth.

When Bitcoin prices went parabolic in 2017, for instance, traders piled into GBTC, sending the NAV to a premium of more than 100%. Today, Grayscale Bitcoin Trust trades at a 26% premium, about in line with its historical average. And over the past five years, the fund has never traded for a discount.

That could change. When and if a Bitcoin ETF (which could theoretically track the cryptocurrency more accurately) is ever approved, demand for GBTC could plunge. If that happened, that premium would dry up – in other words, its price would fall even if Bitcoin prices remained elevated.

However, until that day, Grayscale Bitcoin Trust (and its pricey 2% expense ratio) remains the best option for investors who want to buy Bitcoin solely within their brokerage account.

Here’s a link to the Kiplinger piece — here.

Tips and Traps

+ Gmail may not send your email with attached files. Worst, it won’t send you an error message that it failed to send your precious files. I don’t know why. We did a test — Gmail versus Yahoo. Yahoo worked. Gmail didn’t.

+ Don’t “talk” to an automated salesperson on a website. They won’t help you and it will mess up your browser’s tabs.

+ Coaxial cable is the worst way to receive Internet. It’s a shared medium. It gets faster and slower, depending on who else is using it. The worst part of a coaxial cable installation are the splitters which let you branch cable to another room or Internet to your ungrateful neighbor. Splitters lose speed and power. And they get water in when it rains. And then they really mess up.

+ Don’t fall on the last step. I nag because every time I do, someone emails me. “I should have paid attention. You warned me.”

+ Don’t subscribe to $1 a month/week magazine subscription offers. They will skyrocket your subscription price once your “trial” offer is over — usually about 35 nanoseconds. Just kidding. You get the idea.

+ I like Chrome. It’s my favorite browser. It does a wonderful job of filling in my passwords and my credit card info into web sites. With Chrome, I don’t need a password manager.

+ USPS. Put your stuff into their Priority envelopes or boxes and you’ll save big-time. Faster delivery, too.

+ Do tennis balls work in the dryer? Apparently yes, especially with pillows and comforters.

+ Lands End, L.L.Bean, Uniqlo and every other clothing maker are having sales — especially if you need to buy bigger sizes — as I do. My closet is a disaster. It’s causing all my present clothes to shrink.

+ Say NO to drugs, booze and food. Not for your brain, but for your waist.

+ A good reason to say NO is keeping up with the paperwork of all the disparate investments you have.

+ LED bulbs have really improved. Make sure you get 3000K.

Fun Video

Boy, am I happy not to be in cannabis stocks. I don’t even like the stuff. I prefer organic caffeine-free tea.

Boy, am I getting boring.

My bigger parkas arrived from Uniqlo. Whoopee.

See you tomorrow.  — Harry Newton