{"id":58360,"date":"2022-06-07T09:09:39","date_gmt":"2022-06-07T13:09:39","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=58360"},"modified":"2022-06-07T09:09:39","modified_gmt":"2022-06-07T13:09:39","slug":"a-brilliant-suggestion-for-a-slowing-economy-and-a-shortage-of-brilliant-investments","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=58360","title":{"rendered":"A brilliant suggestion for a slowing economy and a shortage of brilliant investments"},"content":{"rendered":"

The economy is slowing down. The FED is getting its wish.<\/p>\n

The big banks \/ big brokerages are pushing their picks.<\/p>\n

But really they’re pushing themselves and their hideously profitable Wealth Management business. The pitch is simple: Life is too complicated for you as a stupid investor. Let the experts (i.e. us) take care of your money. If you fall for this pitch or the stocks they’re recommending on CNBC (and elsewhere), you give stupidity a whole new meaning.<\/p>\n

Personally I don’t have any brilliant recommendations today. Except one: I spent some of my idle cash buying two-year treasuries. They yield the grand number of 2.66%. I know interest rates are meant to be rising. Hence I’ll earn more if I wait. But if I wait for all the traffic lights to turn green before I leave for my downtown office, I’ll never leave.<\/p>\n

My experts tell me that much of the upcoming rate increases are already “baked” into the 2.66%. And if\u00a0 I need the money to buy something I don’t need (or a hugely better investment comes along), I can always sell the treasuries at a slight “haircut.”<\/p>\n

And I can sell them any time.<\/p>\n

Nice thing about treasuries is they’re easy to buy. I bought with several clicks through my Fidelity online brokerage account. Took 30 seconds.<\/p>\n

My best energy stock is Devon.\u00a0 Some of my health care — like UNH and JNJ — are doing well. But… if the economy contracts, oil will fall. And so will energy stocks. And health stocks will get sick.<\/p>\n

If you have some cash, buy some treasuries. Thank Uncle Sam for cash dividends. He’s paying you a lot more than your miserable bank pays — even if you’re unfortunate enough to have a “savings” account.<\/p>\n

And don’t leave your money here:<\/p>\n

\"\"<\/p>\n

And don’t buy falling knives. I clipped this from CNBC recently. I nearly puked. I love catching falling knives.<\/p>\n

\"\"<\/p>\n

Technology is still the driving force in our economy<\/strong><\/span><\/p>\n

Technology continues to change the world — for the better. The best way to get psyched up is to watch Jensen Huang’s recent address. Watch it all, though it is long — nearly two hours. You’ll get psyched. Seriously psyched.<\/p>\n