{"id":54972,"date":"2021-06-28T23:41:18","date_gmt":"2021-06-29T03:41:18","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=54972"},"modified":"2021-06-28T23:41:18","modified_gmt":"2021-06-29T03:41:18","slug":"a-magnificent-day-for-us-searching-for-the-magic-bullet-what-grandparents-do","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=54972","title":{"rendered":"A magnificent day for us. Searching for the Magic Bullet. What grandparents do."},"content":{"rendered":"

This was last week’s headline:<\/p>\n

\"\"<\/p>\n

That was good advice because today our tech stocks rose magnificently.<\/p>\n

Our biggest gainers, by percentage, were AVXL (16.6%), ETSY (7.36%), RBLX (6.94%), BYND (5.20%), TTD (5.09%), NVDA (4.63), ZM (4.4%) and FB (4.18%).<\/p>\n

There’s a reason for NVDA’s rise — its increasing shot at buying ARM. But, for the others, I’m lost.<\/p>\n

I know everything tech is overpriced. But I’m going with disruptors that seem to make business sense, are growing fast and are achieving a modicum of buzz. It’s not value investing. And it doesn’t work every day. But it’s been working for the last 15 months.<\/p>\n

As an example, look at the last two years of PayPal, MasterCard and Visa:<\/p>\n

\"\"<\/p>\n

PayPal is the disruptor. PayPal is one of my bigger positions. I have a tiny holding in MA. I’m dumping it tomorrow.<\/p>\n

This stuff is weird.<\/p>\n

Here’s a weird chart — two-years of Dominoes, Chipotle, Apple and Amazon. It shows Apple blowing them all away.<\/p>\n

\"\"<\/p>\n

But – if you chart these same four companies over the past 10 years, you get a different result. Dominoes blows them all away:<\/p>\n

\"\"<\/p>\n

A big part of success in stockmarkets today seems to be follow the buzz, always asking yourself, “Does the buzz make sense?”<\/p>\n

An example: Boeing gets a lot of positive buzz, especially from Cramer. But ever since the 737 Max fiasco I’ve been fearful and kept away. Now there are new real concerns — this time about the 777X. Click here.<\/strong><\/a>\u00a0<\/span>My friend Fred wrote me:<\/p>\n

Engineers and aviators used to run this company .<\/em><\/p>\n

Now it’s accountants and marketing geniuses who only care about their stock options.<\/em><\/p>\n

A few more screwups like this (the 777X) and the government will have to nationalize the company.<\/em><\/p>\n

I’d like to buy a portfolio and stick with it. But things change too quickly.<\/p>\n

At one stage I had a big parcel of Alibaba. But I look at what Xi is doing in China — and I realize that it’s not a place I want to have any of my money invested in. Sad.<\/p>\n

Perhaps it’s time to learn more about bitcoin or Ethereum or Doggycoin? (I know I mispelled it. Deliberately so.)<\/p>\n

One of the leading tech newsletter writers, Fred Hickey, is recommending gold, not tech.<\/p>\n

Look at gold — the blue line at the bottom — compared to Apple and Amazon over the last five years.<\/p>\n

\"\"<\/p>\n

In recent days, I ‘ve bought more NVDA, AVXL and PYPL and started small positions in PLTR and UPST. We’ll see.<\/p>\n

Frankly, I’d rather be playing tennis than writing this blog at 11 PM in the middle of the night. But I’ve hurt my shoulder… I keep looking for the magic bullet to picking stocks and fixing my shoulder. I think ice may work on the shoulder.<\/p>\n

What grandparents do<\/strong><\/span><\/p>\n

They pay their grandkids school fees. If paid directly to the school, this does not create a gift tax liability to the kids.<\/p>\n

And since the grandparents pay the school fees with after tax<\/strong> dollars, there’s no tax benefit to them, either.<\/p>\n

But the good news is that the kids are grateful and the grandkids are oblivious.<\/p>\n

Education — pricey or cheap — is the ultimate gamble.<\/p>\n

I have a dear friend who has two daughters. One believes in helping the needy. The other doesn’t.<\/p>\n

Wimbledon is on ESPN, ESPN2 and YouTubeTV<\/strong><\/span><\/p>\n

Federer plays at 9:45 AM EST tomorrow — that’s Tuesday. I’m guessing it will be on ESPN. It will also be repeated endlessly on The Tennis Channel.<\/p>\n

Favorite recent cartoons<\/strong><\/span><\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"
\nLatest favorite New Yorker cartoon<\/strong><\/span><\/p>\n

\"\"<\/p>\n

Susan is off taking care of the Western grandchildren. She is in Portland, Oregon where it’s as hot as Death Valley and much hotter than Las Vegas.<\/p>\n

Soon the fires will start. The smoke and heat will give misery a whole new meaning.<\/p>\n

Early earnings reports from Nike, FedEx, and others are very strong. They portend very positive earnings when they start flowing in about a few days. Wednesday is the end of this strange, wonderful quarter.<\/p>\n

“The surest sign that intelligent life exists elsewhere in the universe is that it has never tried to contact us.” – Bill Watterson<\/p>\n

See you Wednesday, or so. — Harry Newton<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This was last week’s headline: That was good advice because today our tech stocks rose magnificently. Our biggest gainers, by percentage, were AVXL (16.6%), ETSY (7.36%), RBLX (6.94%), BYND (5.20%), TTD (5.09%), NVDA (4.63), ZM (4.4%) and FB (4.18%). There’s a reason for NVDA’s rise — its increasing shot at buying ARM. But, for 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-54972","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54972","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=54972"}],"version-history":[{"count":10,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54972\/revisions"}],"predecessor-version":[{"id":54993,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54972\/revisions\/54993"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}