I was having lunch with a close friend of mine. He mentioned that he had accumulated a significant sum of money and did not know what to do with it. It was sitting in bonds, and inflation was eating its purchasing power at a very rapid rate.
Tag:
Stock Market
There happens to be a cryptocurrency, one of thousands, that is also named Omicron. I still cannot grasp the logic behind it, but that cryptocurrency was up 900% on the day the South African variant was christened. There must have been a trading algorithm or a lot of bored investors looking for the next gamble, to drive something seemingly worthless up 900%.
In investing, there are many “games to play”. There are a lot of ways to try to make money in the market, and not all of them are good, rational, or productive over the long term.
I go over why we may be entering a sideways market (I wrote two books on this subject), as well as how to invest in them.
Even before the coronavirus we were not big fans of the airlines business. Planes are expensive. Airlines have to pay for them whether they are fully occupied during normal economic…
If in early January, you’d have described to us everything that was to happen with the world and global economy and then asked us to guess where the stock market…
I grew up in Russia, where chess was a spectator sport. Chess is almost as old as the New Testament and has only gone through minor changes over its long…