![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2022\/11\/VGT-Three-months-2.jpg\")
<\/p>\nMany TV talking heads think inflation has been conquered. The Fed will ease on rate increases.<\/p>\n
And the stockmarket is off to the races.<\/p>\n
Buy what you like — Nvidia, Apple, Amazon. Taiwan Semiconductor, Tesla, etc.<\/p>\n
Industries to buy because of what’s actually going on are coal, uranium, energy and defense.\u00a0 I own XLE, an energy ETF.<\/p>\n
You could also buy VGT, a tech stock ETF. It’s bounced a little recently. Here’s its latest three months:<\/p>\n
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I’ve been short VGT.<\/p>\n
You can still get 4.57% on a safe one-year U.S. Treasury.<\/p>\n
My happiest readers believe the solution to the world’s problems is Dollar Cost Averaging.<\/strong> They don’t care what their portfolio is doing from month to month. They know that in ten years, it will be up substantially.<\/p>\n And they’re right.<\/p>\n Lessons from the FTX crypto blowup<\/strong><\/span><\/p>\n I was right to stay away from crypto currencies, like bitcoin:<\/p>\n Most investments derive their basic value from earnings and growth.<\/p>\n If there are no earnings and no growth — as in crypto — currencies — then fantasy, sentiment, enthusiasm and hype kick in.<\/p>\n When bitcoin hit $60,000, I heard it was going to $250,000.\u00a0 It hasn’t, so far.<\/p>\n When someone gets rich quickly — too quickly — their fall often comes even more quickly. The cause — huge chutzpah. As in “I’m a genius, anything I touch will turn to gold.”<\/p>\n I could write a book on all the fund managers who did well — for a while. Then they took one gamble too many. And it all blew up.<\/p>\n Nothing has fallen as fast as Sam Bankman-Fried’s cryptocurrency exchange FTX. It could have more than a million creditors. That’s a lot of gullible “investors.”<\/p>\n When in doubt, stay out. Todd’s favorite expression.<\/p>\n Read more on Sam’s blowup (if you really want to)<\/p>\n + From $32 billion to criminal investigations: How Sam Bankman-Fried\u2019s crypto empire vanished overnight. Click here.<\/strong><\/a><\/p>\n +\u00a0Embattled Crypto Exchange FTX Files for Bankruptcy, Life changes<\/strong><\/span><\/p>\n Imagine the joy. You’ve just been awarded an exclusive on luggage carts at JFK Airport — one of the biggest\u00a0 airports in the world. $5 a 15 minute rental. Wow.<\/p>\n An annuity for life. Put your kids and grandkids through\u00a0 college.<\/p>\n Until someone invented:<\/p>\n And your business just rolled out the door.<\/p>\n The Pony Express lasted only 18 months before the telegraph hooked up the west coast.<\/p>\n My father used to say “Take a little money home, just in case.<\/em>“<\/p>\n Talented son Michael won a room in Cancun for a week<\/strong><\/span><\/p>\n He invited Susan and me. All we had to do was to get there. JetBlue from JFK was efficient and four hours. Not cheap.<\/p>\n We stayed at the Vidanta resort. An amazing 1,000+ acres with everything from pools, to “thrill” rides, to zillions of restaurants, to golf, to tennis, to animals (iguanas, crocodiles, coatis and birds).<\/p>\n I liked the place.\u00a0 This is grandson Peter and friend, poolside:<\/p>\n This is a cute short video I did with my iPhone 13, Watch it to the end.<\/p>\n![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2022\/11\/Bitcoin-prices-5-years.jpg\")
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\nThe announcement capped a stunning week that has shocked the crypto industry. Click here.<\/strong><\/a><\/p>\n![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2022\/11\/luggagecarts.png\")
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