Bitcoin is in the news again! This time it’s Elon Musk’s announcement that he just bought $1.5 billion worth last week. Its price subsequently spiked above $40,000. That’s for just one Bitcoin. Musk also revealed that Tesla is planning to accept Bitcoins for car purchases. Let’s hope the company’s cashiers will be provided with enough…
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I’m sure by now you’ve heard about GameStop. The saga reads like a made-for-TV tale about how the little guys stuck it to the big bad rich Wall Street hedge fund investors through what’s called a short squeeze. But the story has not yet played out to its end, and there are valuable lessons that…
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First of all, congratulations! Your Apple holding grew 77% last year. As if that weren’t astounding enough, Tesla’s stock price soared 720%! The gains you experienced in either of these stocks in such a short period of time are truly record-breaking! I’m not interested in debating whether you were an investment genius or merely a…
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It wasn’t that long ago that people expected a common 60/40 investment portfolio (that is, 60% stocks and 40% bonds) to return close to 10% without a lot of volatility. Good luck getting that kind of return today. Why? It’s primarily because bond interest rates have hit their lowest point in generations and have remained…
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A couple of months ago I wrote about the consequences of investing at stock market highs. Or rather the lack of consequences. See https://www.cognizantwealth.com/2020/10/20/is-trying-to-time-the-market-worth-it/. Here’s some additional data demonstrating why the fear of investing when stocks are highly valued is misplaced. J.P. Morgan Wealth Management logged each of the days on which the S&P 500…
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