![\"Stomachchurning\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/06\/Stomachchurning.jpg\")
<\/a><\/p>\nHere’s the reason for yesterday:<\/p>\n
WASHINGTON (MarketWatch) – The Federal Reserve will use its meeting next week to try to calm fears that the central bank is nearer to raising short-term interest rates, according to a report from the Wall Street Journal’s Jon Hilsenrath on Thursday (i.e. yesterday). The report, quoting officials, says that Fed Chief Ben Bernanke will stress that any move to reduce the pace of quantitative easing won’t mean the Fed is close to ending the program. (My emphasis.)<\/strong><\/p>\n There are several things to note about this market:<\/p>\n 1. It’s a bumpy day-to-day ride you have to ignore if you want to retain a modicum of sanity. The “bumpiness” comes from rumors and crazy events overseas.<\/p>\n 2. Most stocks move together. Up and down.<\/p>\n 3. The market is unforgiving about pricey stocks who disappoint in their earnings or growth, e.g. LuluLemon.<\/p>\n 4. You have to dump stocks that disappoint. And do it quickly. You’ll notice changes in my recommended portfolio >>> over there in the right hand column >>><\/p>\n 5. You don’t want to be in bonds. Hence you’re relegated to equities and stomach churning. What fun.<\/p>\n Cramer picks five stocks for long-term hold. <\/strong>Once a year Cramer does his Investing is a Family Affair<\/em> show. He pushes two ideas:<\/span><\/span><\/p>\n 1. You can do better with individual stocks than you can with funds, since funds are designed to reward their managers with fees.<\/p>\n 2. Kids ought to start investing young — even if they own only one share.<\/p>\n Here is the impressive performance of his Kid Friendly Portfolio<\/em>. This performance is over several years. I don’t know how many.<\/p>\n He changes the portfolio every year during his Investing is a Family Affair<\/em> Show. This is his present portfolio:<\/p>\n 1. Disney (DIS)<\/span><\/span><\/strong><\/p>\n 2. McDonalds (MCD).<\/strong><\/p>\n 3. Whole Foods (WFM).<\/strong><\/p>\n 4. Gap (GPS).<\/strong><\/p>\n 5.\u00a0 Google (GOOG). <\/strong><\/p>\n \u00a0You’ll notice he dumped Apple, Nike and Hasbro for Whole Foods (nutrition for the kids) Gap and Google.<\/p>\n I have no problems with this portfolio. You should buy ten shares of each for each of your young kids or grandkids.<\/p>\n \u00a0Mary Meeker’s forecasts for the Internet. <\/strong>She put out 117 slides on what’s happening in the Internet and where it’s going (sort of).<\/span><\/span><\/p>\n Click here.<\/span><\/a><\/strong><\/span><\/span><\/p>\n Fixing the digital economy.<\/strong> <\/span>This New York Times piece is a perfect companion to Mary Meeker. Good weekend reading. Click here<\/strong><\/a><\/p>\n Can anyone top this vacation picture?<\/strong><\/span><\/p>\n I know that this is a column about investing. I know that the this\u00a0 picture is irrelephant. Note the happy smile on the female elephant.<\/p>\n Once upon a time, they considered me the mini-Murdoch<\/strong><\/span>. We were both Australians in the U.S. And we were both publishers. I was very mini. I didn’t have the ambition, nor the wives, nor the children from different wives. I still have the same wife, and she’s a keeper. I have two children from the same wife. That makes my estate planning\u00a0 a lot easier.\u00a0 Murdoch has six children from three wives. He’s worth about $11 billion, slightly more than I’m worth. Rupert is 82, and probably looking for another young wive. This writeup — the latest Borowitz Report — amused me.<\/p>\n Murdoch Divorce Stuns Satan<\/strong><\/span><\/p>\n HELL.\u00a0 (The Borowitz Report)-Word that the News Corporation chief executive Rupert Murdoch has filed for divorce from his wife, Wendi Deng, came as a “total surprise” to longtime Murdoch confidant Satan, the Lord of the Underworld said today.<\/p>\n “I am totally blindsided by this,” Satan told reporters. “He and I talk every day.”<\/p>\n Citing his long history with the media titan, the Hound of Hell said, “We go way back. I gave him the idea for Fox News. I told him to hire Roger Ailes. That’s why this is such a shock.”<\/p>\n A frequent dining companion of the Murdochs, Satan said he “didn’t have a clue that they were having problems.”<\/p>\n “I’ve had dozens of dinners with them in the Hamptons,” he said. “Did they bicker? No more than other couples. But they seemed to be on the same page about all the important things, like creating corrupt media monopolies and buying politicians. I thought they were for keeps.”<\/p>\n Adding that he “cares deeply about his friends,” Satan said the news about the Murdochs had hit him especially hard: “I was just starting to get over the Putins.”<\/p>\n The Prince of Darkness said he first got word of the Murdoch divorce about an hour before the official announcement: “My banker at Goldman Sachs called and told me to sell my News Corp. stock right away.”<\/p>\n We have a nightly routine. At 10:59 PM, Monday through Thursday, Susan and I crawl into bed and watch The Daily Show<\/em> and The Colbert Report<\/em> on Comedy Central. <\/em>Jon Stewart is off for the summer, replaced with John Oliver, who’s very funny also. You can watch this past week’s excellent shows on Comedy Central’s<\/em> web site. Click here.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday was the biggest day ever for my portfolio.I can take more “yesterdays” but the ups and downs each day are a little stomach churning. Here’s the last five days. whew! Here’s the reason for yesterday: WASHINGTON (MarketWatch) – The Federal Reserve will use its meeting next week to try to calm fears that the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20444","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/20444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20444"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/20444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a>
\nHarry Newton who has given up on salt and cut down on his sugared-drink intake. Nice cold water with dinner is better than Coke. My son will be happy about the salt. It’s not difficult to give up on adding salt to everything. You just stop. One day to the next.<\/p>\n