{"id":52260,"date":"2020-10-28T11:09:14","date_gmt":"2020-10-28T15:09:14","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=52260"},"modified":"2020-10-28T17:59:29","modified_gmt":"2020-10-28T21:59:29","slug":"whatever-happened-to-civility-whatever-happened-to-goldman-sachs","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=52260","title":{"rendered":"Whatever happened to civility? Whatever happened to Goldman Sachs?"},"content":{"rendered":"

Today the virus is not being kind to our tech stocks. Especially my biggest holdings — Apple, Amazon, Nvidia, Zoom and Shopify.<\/p>\n

I don’t like the fact that right now (late morning) I’m down 2.4% — a lot in one day.<\/p>\n

So far, nothing has cratered to make it an obvious “bargain.” I’m looking for something like 10%.<\/p>\n

I’m chalking up today’s volatility to election\/virus fever.<\/p>\n

Hence, time to play tennis.<\/p>\n

Goldman Sachs hides in the basement<\/strong><\/span><\/p>\n

Or somewhere. But not on email. Remember this clip from my Vintage Fund IV account at end September with Goldman Sachs from yesterday?<\/p>\n

\"\"<\/p>\n

Goldman Sachs still hasn’t replied to my email about perhaps closing the fund down and giving me my money back?<\/p>\n

But the “good” news is that last night I found a “capital analysis” statement from them dated December 31, 2019.<\/p>\n

Now, try this: This fund started in October 2006 — that was 13 years from the statement. Based on their report and my calculations, they have earned me exactly 0.95% a year since. Even treasuries would have done a lot better!<\/p>\n

And now you know why I wouldn’t give Goldman Sachs a nickel of my money ever again to “manage.”<\/p>\n

Thanksgiving: <\/strong><\/span><\/p>\n

Should you get together with your family?<\/strong><\/span><\/p>\n

The short answer is NO.<\/p>\n

Don’t believe me? Read this:<\/p>\n

The odds of catching the coronavirus\u00a0are about\u00a020 times higher indoors,<\/strong> and private, indoor gatherings have been linked to several coronavirus outbreaks. In June, a surprise birthday party in Texas\u00a0resulted in\u00a018 coronavirus cases. In July, a house party in Michigan\u00a0led to\u00a043 cases, and a family gathering in North Carolina led to 40 cases because the attendees \u201cwent about their daily lives\u201d before they started showing symptoms. In some places, in-home gatherings are\u00a0now responsible\u00a0for the majority of new coronavirus cases. A recent Centers for Disease Control and Prevention report showed how a chain of family gatherings in Chicago\u00a0led to three deaths.<\/p>\n

You can read the rest of the Atlantic<\/em> article here.<\/strong><\/a><\/p>\n

Wear a Mask<\/strong><\/span><\/p>\n

The kids will like this short musical.<\/p>\n