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How Did YOUR Financial Advisor Or Wealth Manager Stack Up Against Me In 2020?

by Anura Guruge



NOPE. Definitely NOT a solicitation. I will NOT manage other people’s money. For a start I am NOT licensed, & never will be. I am TOO OLD. I did manage some funds for a relative, FOR FREE, but stopped doing that when I felt I was getting too old.

I am SURE your professional Financial Adviser or Wealth Manager left me in the dust. Alas, I am too poor to be able to afford one. I have to struggle by on my own. But, I am not greedy. Never have been (other than for chocolate cakes). I am happy with these ‘OK’ returns. I can live with it.

Kind of funny. About 8-years ago Fidelity STOPPED calling me to ask me if I had considered using their services. SMILE.

Yes, these portfolios have a lot of FANG, TSLA, NVDA, Etsy etc.


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by Anura Guruge

With COVID Still Spiking, New Travel Restrictions On Tap, I Can’t See How ‘Airbnb’ Can Prosper.

by Anura Guruge


I had the option of buying Airbnb (ABNB) stock this morning. I actually typed in the buy order … then I relented!

Just did NOT make sense to me. Our local Airbnb, up the road, is CLOSED — due to COVID. Yes, I know many are NOT as responsible, BUT, vaccine or no vaccine, we are not out of the woods when it comes to COVID. We still have at least 6-months more to GO — in the U.S. Minimum. So, I can’t see how Airbnb numbers are going to excel during that time.

So, I did NOT buy ABNB in the end. Instead, I bought AI, MORE (lots more) NIO & a bit more ETSY. SMILE.


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by Anura Guruge

Inflation Simplified — Jamaican Style.

by Anura Guruge


YouTube Video below.



It is cute. Just 30-seconds.

What is REMARKABLE is that it was made by the “Jamaica Central Bank” (JCB) — their Government Agency responsible for their monetary policy. Their equivalent of the U.S. ‘Fed’.

Impressive.

I heard about this video on NPR’s ‘MarketPlace’. It intrigued I. I had to go find it. Then, I would have been remiss IF I didn’t share it with you.

Enjoy. Concentrate. You could learn a thing or two about inflation.


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by Anura Guruge

IF You Bought ‘Tesla’ (TSLA) On Tuesday, When I ‘Implied’, YOU Would Have Made $200(+) A SHARE!

by Anura Guruge


Today, Thursday, August 27, 2020, at Market Close. << GRIN >>

Click to ENLARGE.


Tuesday, August 25, 2020 Post. SMILE.


Numbers NEVER lie!

Plain as day, $2,017 when I posted on Tuesday, $2,245 TODAY. SMILE.

Yes, I bought SOME TSLA. My kids already had SOME TSLA.

I bought my first TSLA, 3 (4 maybe 5) years ago, at $380 a SHARE. People told me I was CRAZY. SMILE.

I know I am CRAZY. I am CRAZY as a cat. SMILE.

Yes, I am SMILING.

I have been LONG, VERY LONG (like 6-years) on AMZN, TSLA, NVDA, ROKU (since IPO), AVGO …

So, have the kids, BUT they also have NFLX & APPL. SMILE. GRIN.

SMILE.


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by Anura Guruge

You Can STILL Get The ‘Tesla’ (TSLA) 5-for-1 Stock Split Post Aug. 21 — Even Today.

by Anura Guruge



The STATED August 21, 2020 ‘ex-dividend’ date for getting the 5-for-1 stock split is ‘BOGUS’! SMILE.

I even checked with Fidelity.

While a stock split is considered a dividend it doesn’t work as with a normal monetary dividend. With a monetary dividend IF you BUT after the ex-dividend day, you don’t get the dividend, just the stock. The seller gets to keep the dividend.

Doesn’t work with a stock split, BECAUSE ALL the shares are SPLITTING.

Yes, I bought some. SMILE. I have been LONG on TSLA for years. I first bought TSLA, 4- or 5-years ago when it was $380. SMILE. Did NOT buy many. SMILE. Earlier this year I added a BIT (& bough TSLA for both kids. SMILE). Today I sold ‘bits-&-bobs’ & bought a bit more TSLA. Enough. Now, after the split, this Saturday I will have a ‘decent’ amount. YES, the actual NUMBER of shares matter IF you are an ADDICTED option trader like I. Smile. [P.S., If you could see my kids’ portfolios. SMILE. High risk, HIGH rewards. SMILE.]

Just thought I will share this with you.

August 21, 2020 day meant NOTHING.

You can carry on buying TSLA till 4:00pm on Friday, August 28, 2020 & still get the 5-for-1 split.

It is ‘OK’. You do NOT have to thank me. This is what I do. SMILE.


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by Anura Guruge

Just Making Sure That YOU Know That The Much Lauded May 2020 Jobs Report Had A 3% Error In It.

by Anura Guruge


Click for full article.


Google for MORE.


I knew right away on Friday morning that there was something very FISHY about this May 2020 jobs report. Just did not ring true.

Within 3-hours folks had spotted the error.

Did YOU know about this error?

Trump sure did NOT mention it. Numbers are NOT as good as he was making out. They were 3% worse.

You better check it out.


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by Anura Guruge

I Became An Instantaneous Oil Futures Stock Trader This Afternoon At 2:30pm.

by Anura Guruge


Click to ENLARGE & ADMIRE.


WOW! Talk about historic. Oil futures going BELOW $0.00. Oil prices, albeit in a futures contract, going below $0.00. Down to about -$32. Yes, MINUS $32.

Well, you don’t have to be Einstein to work out that they can’t be below $0.00 forever. Right?

Yes, short-term they might go down another $20. But, oil can’t stay below $0.00.

As some of you know I am a very active trader & investor. But, I have NEVER done oil before. Knew NOTHING about oil. 90% of what I do and what I have done is my sphere of experience/expertise high-tech. But, I am also uniquely equipped mentally & with the technology to do deep-dive research. And that is what I did. Flipped that magic-switch I have. Had my brain going in overdrive. Didn’t take long to work out what ETFs I needed to buy.

I had a fairly large stash of cash sitting on the sidelines just for an opportunity like this. SMILE. I pulled the trigger. No pussy-footing. I went in BIG. SMILE. V. BIG. Large trade. Now I am just going to sit back and wait. As oil demand comes back — as it has to FROM TODAY — I will be smiling even broader. This was insane.

So EASY. I am still smiling.


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by Anura Guruge

Those Who This Morning Thought Markets Would Close Up Deserve To Lose Everything They Did — And Why Is ‘Ferrari’ UP?

by Anura Guruge


Click to ENLARGE. Of course using base material from ‘MarketWatch’.


Click to ENLARGE. Again from ‘MarketWatch’ — where else?


The mentality and acumen of many of my fellow investors amaze I!

Why would you think — on a FRIDAY — with New York & California closing down, that THE SMART MONEY (and yes, I do count myself among those (SMILE, SMILE)) would go LONG into the weekend. [‘Long’, meaning without taking risk off the table.]

That is not how it works. Smart money is risk averse. They are NOT going to get caught short over the weekend in case things really start to unravel. Best to unwind position and keep your powder dry for Monday.

All that said, I am LONG — and have been for 20-years! But, I am SMART MONEY.

I knew that we would close down today. Had to. If we hadn’t, I would have despaired.


I am keeping an eye on Ferrari.

Now, in the case of Ferrari — I did sell! I had owned Ferrari for YEARS, since it was spun off from ‘Fiat Chrysler‘ in 2014!

I will buy it back — later in the year.

But, why is it going up NOW?

How is rushing out buying cars right now.

Very strange.

I feel bad for the stupid money. SMILE.


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by Anura Guruge

Don’t Get Too Carried Away With Today’s Dow Up 700-Points; I Am Calling It ‘Dead-Virus Bounce’.

by Anura Guruge


Click to ENLARGE. Chart from ‘MarketWatch’.


Click to ENLARGE. Chart from ‘MarketWatch’. See image below for yesterday’s post.


Click to access yesterday’s post.


There is a so called ‘dead-cat bounce‘ of stock markets. To I this feels different. I would NOT be surprised if it does not fizzle out by this afternoon!

That is why I am calling it a ‘dead-virus bounce‘. Different characteristics.

We are a long way from DONE. This virus will continue to wreak havoc for months. The market will NOT like it. We still have a ways to go down.

So, do NOT celebrate. Do not become complacent. Nothing to cheer here.


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by Anura Guruge

Those Who Sold Amazon (AMZN) Stock Last Week, On Coronavirus Fears, Are STUPID And Don’t Deserve To Own AMZN.

by Anura Guruge


Click to ENLARGE. AMZN ‘quote’ from ‘MarketWatch’.


How STUPID can you be? Selling Amazon on fears of the Coronavirus is beyond stupid. It defies credulity.

The Coronavirus is GREAT for Amazon. Jeeeez!

Think about it for Christ’s sake.

People don’t want to go Walmart, the Mall or their supermarket. They are going to stay at home and order ONLINE — from, guess who, Amazon.

I was telling my daughter to BUY AMZN!

I don’t need to buy AMZN!

I have owned AMZN since 2014. SMILE. Not selling anytime soon. SMILE.

I am GLAD the stupid investors are out of AMZN. I can’t abide stupid investors. Good riddance. Leave AMZN for the seasoned pros like I. Thanks. SMILE.

I was long 2008 to 2012. No reason to NOT be so now. Thanks. SMILE.


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by Anura Guruge

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