It’s been a while since I’ve posted. A couple of months actually. And to be completely honest with you, I’ve done absolutely no money moves since my April post. I’ve stayed “pat” and held my diversified positions. This is why I haven’t posted. You might wonder – why no money moves? Well, I’m somewhat embarrassed to say, I have been “all-in” with my portfolio and have not decided to put any more cash into the market. I currently hold less than 2% of my net worth in cash, so I don’t have much cash to put to work. This might
Author: moneyrancher_admin
Money Moves 4/20/2021 : The Pain continues
Another day of selloffs for the market, especially Nasdaq and my portfolio. I suppose it is normal after a few days of Dow and S&P hitting all time highs. Ten year rates are actually way, down, back in the 1.5% range, so fear of inflation may not be as strong as a driver in the markets as it was a few weeks ago. An hour from market close, and my portfolio is down over 1%. AAPL and AMZN are both down more than usual. I won’t be buying or selling today. I haven’t had a chance to read a lot
Money Moves 4/19/2021: Tesla FSD autopilot crash fatalities!
Good morning everyone. It’s been a couple of days since I’ve posted Money Moves. Today, we’ve woken up to a significant selloff in the more speculative tech positions. TSLA, ARKK, and SQ all down multiple points mid day, resulting in my portfolio being down -1.66%. The big tech stocks gearing up to report earnings are down less than 1%. I would add more today, but I’m holding my cash position for bigger moves and more strategic entries besides a minor dip. So Tesla’s big news is the fatal two person crash in Austin, Texas which resulted in a four hour
Money Moves 4/14/2021 : Getting nervous yet?
Today was one of the rare days in recent memory where I was offline all day due to being away from my computer, and of course, we had to have a tech-led meltdown. Granted, this wasn’t a shock as we are due for a short-term pullback as the algo’s take automated profits after a certain amount of run-ups in the more speculative, future-thinking stocks like Square (SQ) and Tesla (TSLA). If i was writing automated trading logic, I’d do exactly the same thing. Unfortunately most of the time these execute, eerily all at once it seems, in some magic witching
Money Moves 4/13/2021 : Bitcoin pops through $60,000!
Watch out for that Bitcoin! It’s 10;15AM PST, and BTC is now steadily creeping higher at 63k. The big pop happened last night (my time) around 1AM, so it looks like some huge buy transactions in Asia broke the resistance. Since then, it’s been maintaining its upward climb. Will this move past 60k hold long term? Based on how its been behaving over the past few months, I believe so. I should have added more in the mid 50’s. Damn. The Nasdaq is up again, 0.66%, while my portfolio is up by 1.5%. Today’s a decent green day. No real
What to do if your car breaks down on you
Nothing is worse than your car breaking down while driving to work. Especially if you aren’t mechanically inclined and/or low on funds. Not only do you have an emergency on your hands, but you have a lot of work ahead of you to replace something vital to your life. This has happened to me once or twice in the past. Here’s how i break down the steps to recover from this ordeal. First things first, call a towing company or AAA for a tow. Most people will need to pay for towing ($150-$300), probably back to their apartment. If you
Money Moves Monday 4/12/21 : Intel freakouts and pickup
Markets basically flat as we head into earnings this week and buyers and automated trading programs are holding by before executing miliseconds after major earnings surprises with massive cash. Of course, we retail investors will see this as just one of those “up” days as tune into the market first thing in the morning because we aren’t cloud based supercomputing beasts and can only access the markets after all the major algorithems have already made their trades for the day. It’s about 3 hours before markets close, and I bought 442 shares of INTC today after NVDA announed their new
How to become a millionaire as fast as possible
Caveat: this is still basically a draft, pending fixes and cleanup… There is only one way I know of to build wealth fast when you are in your twenties. Many others will argue the best way to become a millionaire is to start a business. Here are the reasons why starting a business is not the most likely way you will become a millionaire. People start businesses because they are excited about the opportunity and their idea, and are motivated to succed in it. It means you need passion. If you start a business (e.g. new software) because you are
3 Reasons not to quit your job even if you reach your F.I.R.E goals
At last! You have been rubbing those two nickels together for decades! Now you have finally amassed your sacred F.I.R.E net worth number of $1.4 million dollars. This amount will allow you projected investment returns of a modest 6% per year, thereby allowing you to live by the 4% rule, which gives you an emancipating $56,000 per year to live on while still earning 2% appreciation on your net worth year over year! Well, technically 2% inflation cancels out the appreciation but you don’t care about technicalities. This is the moment! Time to come up with the most spectacular way
Money Moves Thursday 4/8/21: Disney+ ready to launch in South Korea and Taiwan
Currently almost 2PM EDT. Nasaq is up almost 1%, while my portfolio is up about 1.2%. Dow and S&P is pretty flat compared to Nasdaq, so lots of money going into growth plays today. Of course, something might happen and the algo’s might decide to sell off for typically mysterious reasons, but for now, I think we are slowly climbing back towards all time portfolio highs back in early February. It looks like bond yields are still floating around 1.6%, and has arguably detached from market movements in equities. That was the freakiest period of a month or so when