{"id":45324,"date":"2018-12-28T11:33:20","date_gmt":"2018-12-28T16:33:20","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=45324"},"modified":"2018-12-28T11:33:20","modified_gmt":"2018-12-28T16:33:20","slug":"ive-been-rich-and-ive-been-poor-rich-is-better","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=45324","title":{"rendered":"I&#8217;ve been rich. And I&#8217;ve been poor. Rich is better."},"content":{"rendered":"<p style=\"text-align: left;\">Now we&#8217;re into our third up-day. All the shares we sold in recent days are now much higher.<\/p>\n<p style=\"text-align: left;\">This is the perfect &#8220;Gotcha&#8221; market.<\/p>\n<p style=\"text-align: left;\">When you think it&#8217;s going up, it goes down. And when you think it&#8217;s going down, it goes up.<\/p>\n<p style=\"text-align: left;\">This is not good for the sanity. But good for day trading &#8212; if you&#8217;d rather be poor even quicker.<\/p>\n<p style=\"text-align: left;\">Our best bet is to stand pat. If you&#8217;ve sold, stay sold. If you&#8217;ve bought, stay bought.<\/p>\n<p style=\"text-align: left;\">This &#8220;logic&#8221; won&#8217;t win me a McArthur Genius Award for great thinking. Nor for my homely bank:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/mattressbank.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-45280\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/mattressbank.png\" alt=\"\" width=\"450\" height=\"236\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/mattressbank.png 450w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/mattressbank-300x157.png 300w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">I do need to start thinking out of the box &#8212; away from tech and away from FANG.<\/p>\n<p style=\"text-align: left;\">My &#8220;problem&#8221; is that the stockmarket feels (at least to me) to be too much like gambling.<\/p>\n<p style=\"text-align: left;\">I am attracted to real estate &#8212; because there are some genuine bargains around. I&#8217;ve bought into a couple of syndications this week.<\/p>\n<p style=\"text-align: left;\">It&#8217;s a good time to look for multi-family apartment buildings. Offer a ridiculously low price and see if you can snag something by year end.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Stupid me. I pushed the wrong money market fund<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">I pushed Fidelity&#8217;s SPAXX. Its seven day yield is 1.86%<\/p>\n<p style=\"text-align: left;\">Vanguard has VUSXX. Its seven day yield is 2.26%<\/p>\n<p style=\"text-align: left;\">Vanguard&#8217;s management fee is much lower, also.<\/p>\n<p style=\"text-align: left;\">Thank you, reader John Hinson, for pointing out my idiocy.<\/p>\n<p style=\"text-align: left;\">Meantime&#8230;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Read this review of Michelle Obama&#8217;s new book &#8220;Becoming&#8221;<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">It&#8217;s the number one best-selling non-fiction book.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/becoming.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-45328\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/becoming.jpg\" alt=\"\" width=\"189\" height=\"281\" \/><\/a><\/p>\n<p style=\"text-align: left;\"><em>The New York Times<\/em> wrote a wonderful review. I cried. Please read it. Click <a href=\"https:\/\/www.nytimes.com\/2018\/12\/06\/books\/review\/michelle-obama-becoming-memoir.html?module=inline\" target=\"_blank\" rel=\"noopener\"><strong>here.<\/strong><\/a> You can buy the book <a href=\"https:\/\/www.amazon.com\/Becoming-Michelle-Obama\/dp\/1524763136\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1546011947&amp;sr=1-1&amp;keywords=michelle+obama+becoming+book\" target=\"_blank\" rel=\"noopener\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>How the fight started. Totally tasteless &#8220;humor&#8221;<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">One year, I decided to buy my mother-in-law a cemetery plot as a Christmas gift.<\/p>\n<p style=\"text-align: left;\">The next year, I didn&#8217;t buy her a gift.<\/p>\n<p style=\"text-align: left;\">When she asked me why, I replied,<\/p>\n<p style=\"text-align: left;\">&#8220;Well, you still haven&#8217;t used the gift I bought you last year!&#8221;<\/p>\n<p style=\"text-align: left;\">++++++++++++++++++++<\/p>\n<p style=\"text-align: left;\">My wife and I were sitting at a table at her high school reunion, and she kept staring at a drunken man swigging his drink as he sat alone at a nearby table.<\/p>\n<p style=\"text-align: left;\">I asked her, &#8220;Do you know him?&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;Yes&#8221;,she sighed,<\/p>\n<p style=\"text-align: left;\">&#8220;He&#8217;s my old boyfriend. I understand he took to drinking right after we split up those many years ago, and I hear he hasn&#8217;t been sober since.&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;My Gosh!&#8221; I said, &#8220;Who would think a person could go on celebrating that long?&#8221;<\/p>\n<p style=\"text-align: left;\">++++++++++++++++++++<\/p>\n<p style=\"text-align: left;\">After retiring, I went to the Social Security office to apply for Social Security.<\/p>\n<p style=\"text-align: left;\">The woman behind the counter asked me for my driver&#8217;s license to verify my age.<\/p>\n<p style=\"text-align: left;\">I looked in my pockets and realized I had left my wallet at home. I told the woman that I was very sorry, but I would have to go home and come back later.<\/p>\n<p style=\"text-align: left;\">The woman said, &#8216;Unbutton your shirt&#8217;.<\/p>\n<p style=\"text-align: left;\">So I opened my shirt revealing my curly silver hair.<\/p>\n<p style=\"text-align: left;\">She said, &#8216;That silver hair on your chest is proof enough for me&#8217; and she processed my Social Security application.<\/p>\n<p style=\"text-align: left;\">When I got home, I excitedly told my wife about my experience at the Social Security office.<\/p>\n<p style=\"text-align: left;\">She said, &#8216;You should have dropped your pants. You might have gotten disability too.&#8217;<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton. Here&#8217;s my favorite Christmas grandchild photo. They took Zoe to the Museum of Firefighting in Hudson New York. (<a href=\"https:\/\/www.fasnyfiremuseum.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Here.<\/strong><\/a>) Zoe loved it:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/Zoe.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-45334\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/Zoe.png\" alt=\"\" width=\"350\" height=\"465\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/Zoe.png 350w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/12\/Zoe-226x300.png 226w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">P.S. I still think it&#8217;s a bear market. I&#8217;m really worried about Apple. Its phones are too pricey. None of my friends or family want to upgrade to the latest iPhones. They&#8217;re happy with what they have. I feel the same. I have an iPhone 8 plus. I bought a Samsung Galaxy Note 8 to test it. My friend lent me a T-Mobile GSM SIM card. The Note 8 is a really nice phone. I love the stylus, the screen and the Galaxy&#8217;s handle-ability. T-Mobile is remarkably good &#8212; especially in WiFi Calling where it outshines sluggish Verizon by a mile.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now we&#8217;re into our third up-day. All the shares we sold in recent days are now much higher. This is the perfect &#8220;Gotcha&#8221; market. When you think it&#8217;s going up, it goes down. And when you think it&#8217;s going down, it goes up. This is not good for the sanity. But good for day trading [&hellip;]<\/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-45324","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/45324","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=45324"}],"version-history":[{"count":14,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/45324\/revisions"}],"predecessor-version":[{"id":45340,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/45324\/revisions\/45340"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}