Japanese government has decided that it will devalue the yen, whatever it takes. Currently it 111 JPY to 1 dollar. Japanese continue to issue more yen and reduce the interest to the unprecedented negative rate. Goldman Sachs believe one day, within a year, JPY will collapse.
When it happens, YCS will be the tool to take advantage. My very speculative forecast, buy it around $75, within 90 days, it will double. We'll see.
Tuesday, April 26, 2016
Thursday, April 14, 2016
The much hated 1%
Really, they are not that different, especially in the USA. Warren Buffet eats, drinks, sleeps, drives, entertains pretty much like anyone earning upper middle income - $150K/year. The real difference, according to the Oracle himself, is the long distance travel - by private jet.
To make the 1% income at my age, it should be about $350K annual gross income, with a wealth of about $5M. But I am not sure having those will automatically make people feel like rich.
The real benefit is not worry about lack of money anymore. The theory is that happiness start to plateau at $70K year and does not make any difference, or sometime reduce the happiness, when the income is above $300K. I agree.
To make the 1% income at my age, it should be about $350K annual gross income, with a wealth of about $5M. But I am not sure having those will automatically make people feel like rich.
The real benefit is not worry about lack of money anymore. The theory is that happiness start to plateau at $70K year and does not make any difference, or sometime reduce the happiness, when the income is above $300K. I agree.
Swing For The Fences with VRX
VRX is deep trouble early 2016. Stock dropped from $200 to $30. Its future is uncertain since its huge debt ratio and replacement of CEO. I drop most of my risk fund to it! Swinging big time, hopefully this time will be good.
http://www.fool.ca/2016/04/14/should-you-buy-valeant-pharmaceuticals-intl-inc/
Planning to sell 1/3 at $45, 1/3 at $75 and 1/3 at $100. Will see what happen in the new few months.
http://www.fool.ca/2016/04/14/should-you-buy-valeant-pharmaceuticals-intl-inc/
Planning to sell 1/3 at $45, 1/3 at $75 and 1/3 at $100. Will see what happen in the new few months.
Wednesday, April 6, 2016
Fear and Greed - VRX and KMI
VRX was in deep trouble lately, stock drop from the heights of over $200 to about $30. But there is a light at the end of the tunnel now, still risky, so I do the thing I distain, day trade on it. I bought about $290 and sold at $330 within two days. Probably sold too early, but I have to resist the greed.
Bought KMI again today with the news the oil inventory is down and oil price is rising after 9 days of dropping. Bought $500 at $17.19 and sold $17.62.
US Stock market is a bit over priced now. All eyes are waiting for the FED to raise rate in Apr. In an environment of rate rising, the stock usually don't do well. We will see.
One of the simple lesson to learn yet so hard to practice is what Buffet does so well "Be fearful when other are greedy, be greedy when other's are fearful". Started 6 years ago, I start to learn and condition myself to be in the "buying" mood when the stock market drop, and in the "sell" mood when the stock market rise. And be bold to bet big when I see real opportunity.
May be I should start a fund call "Fear and Greed Fund"
http://money.cnn.com/data/fear-and-greed/
Bought KMI again today with the news the oil inventory is down and oil price is rising after 9 days of dropping. Bought $500 at $17.19 and sold $17.62.
US Stock market is a bit over priced now. All eyes are waiting for the FED to raise rate in Apr. In an environment of rate rising, the stock usually don't do well. We will see.
One of the simple lesson to learn yet so hard to practice is what Buffet does so well "Be fearful when other are greedy, be greedy when other's are fearful". Started 6 years ago, I start to learn and condition myself to be in the "buying" mood when the stock market drop, and in the "sell" mood when the stock market rise. And be bold to bet big when I see real opportunity.
May be I should start a fund call "Fear and Greed Fund"
http://money.cnn.com/data/fear-and-greed/
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