| Blogs > 1ClassyLady > U r responsible for ur life |
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There are no safe haven in stock market There are so many land mines that exploded this year. Many stocks are in "correction" = 10 % down from high. Stock market is very volatile and treacherous. Facebook - plunged to $149 due to Cambridge Analytica data misuse. The year-high price is $195. Facebook CEO, Mark Zuckerberg will be on a hot seat for Congressional hearings on Tuesday and Wednesday. I don't have Facebook stock. Alphabet (Google) and Twitter were down as sympathy of Facebook. I have Twitter stock but don't have Twitter account. I bought but sold Google for profits. Boeing and Caterpillar - raise tariffs and possible "trade war" in between U.S. and China. The fear of China retaliation. I have Boeing stock and holding. Tesla - the authority is investigating a Tesla user used autopilot but burned the whole car and killed the driver. Tesla CEO, Elon Musk made a terrible joke on April Fool day that he posted a picture on twitter and said his auto company, Tesla will be bankrupted. That joke sent his Tesla stock down to $244 abruptly. Tesla is a "cult stock", I have never buy or sell short on this stock. Amazon - Trump is obsessed on Amazon CEO, Jeff Bezos for sales tax and delivery cost. Actually Trump hates "Washington Post" that Jeff Bezos owns. General Electric - it used to be the Wall Street darling, but GE top administrators made wrong decisions many times sent the stock downward spiral. Even changed CEO but it still at 3 - 4 years low $13.73. My mom's account has GE that she bought at $39 in Oct. 2001. She thought GE is the most stable company. She passed away in 2013 and I inherited her only stock, GE. Broadcom - Trump blocked Broadcom[to purchase (merger) Qualcomm deal. Trump doesn't want foreign company to buy U.S. company. I have bought Broadcom[before Trump announcement, luckily I sold 50 % at high and still have 50 % on hold. Nvidia has stopped to test "self-drive" (autonomous) car because Uber self-drive car hit and killed a pedestrian. Nvidia stock plunged to $213 from $254.50. BTW, Nvidia CEO is Taiwan born American entrepreneur. With so many ramifications in stocks and Trump vs Xi tariffs, stock market jumped up one day but plunged the next day. There are no safe haven in stock market. Many companies' first quarter earning reports will start from this week. We will see...... Honesty is the best policy. |
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1 post 6/3/2018 2:38 am |
What has worked for me is sticking with investing in Dividend Aristocrats in my retirement accounts, and reinvesting the dividends. Dividend Aristocrats are stocks that have raised their dividendes every year for 25 consecutive years or more. There are 53 such companies in the S&P 500 today. Good luck to everyone and may you all be happy and prosperous for years to come!
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Thank you very much for your positive feedback / comment. I feel it is too quiet on Chinese FriendFinder blogs. Honesty is the best policy.
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If you have never involve in stock market, please skip this blog. I know not everyone is interested in stock market. Honesty is the best policy.
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