Own hotels, restaurants and retail stores. you’re probably not a happy camper.
Own residential buildings, you’re collecting rents — for now. Better in some places than others. You’re happy, but anxious.
Own student housing. Who knows.
Own bonds, you’re collecting a little interest now. But you’re eyeing a capital loss — unless you hold them to maturity.
Own anything, you might be surprised how much of your stuff is appealing to buyers who have cash, a long horizon and who believe we’ll be through this eventually. (We will.)
Plan a huge development project — ready in five years. You’ll be surprised how many of your friends, family, investors and banks want in. People want to buy a thrilling Vision.
CRM’s buoyant earnings weren’t well received last night. The stock plunged. I bought some this morning.
I’m already up enough to buy a new tennis racket, some new shoes and Wilson balls. (The best.)
The stocks I mentioned yesterday are mostly doing well today: AAPL, SHOP, GOOG, TTD, BABA, FB, JNJ, UNH, SQ, NFLX, LLY, CSCO and the nice safe VTI ETF from Vanguard.
There’s a ghastly word — opportunistic.
It means keep looking. Don’t get too frustrated if you don’t find anything. The Yiddish word is metziah — a bargain. But it’s a bigger bargain in Yiddish than in English.
This morning I played my 76th game of tennis this virus Spring. I lost. But I hit a few winners. That made me feel good.
This weekend — it is the weekend. I just checked — call the kids on FaceTime and Zoom.
Ask them what they’re doing.
You’ll surprised at how talented your grandkids have become without you.
See you soon. Harry Newton.
