Ah, Cannabis, to be or not to be?
A student, John, in my computer architecture class talked to me about buying stock in the Cannabis industry in light of the Coke Cola announcement that it will be going to the business.
My postdoc student owns CHHE, which is trading to think that it not a valid investment.
https://www.marketwatch.com/investing/stock/chhe
Tuesday, September 18, 2018
BHC, ANET, Markel, and the old BRK.A
All interesting, but the stock market is now overvalued. Need to decide when to sell off. The month of Oct is usually not a best time for stock. So may be the end of Sep?
Back in the saddle of investment
2016-2018 is best, and alas, the worst, of time. Other than the "grand journey" to Mt Sierra, I put a few mils in BHC (the old Vealean) at $33 expecting a quick recovery to about $100, it did not happen. It actually dropped to $11!!!! Now is back to about $24, still not happy but it has some hopes.
Bought the ASHR in 2016 expecting the Chinese stock will double in a couple of years because the real estate investment in China has over-inflated the price. Well, I did not expect the love for real estate is so strong and Trump will engage the trade war with China. How pointless and sad.
Bright Spots
- google price has doubled over the same period of time.
- sold the Sonoma/Seaside property at $330 and doubled my money back
- bought Gonzalas property at 20% below market and receiving 7% return.
Now the kids are going to college, I should have more time to spend on investment. Really not for the money, it is, just like Buffet said, for keeping scores. My lifestyle is simple enough that anything over $200K per year is not going to make any difference. But if I can $2M per year, that will be different ;)
Bought the ASHR in 2016 expecting the Chinese stock will double in a couple of years because the real estate investment in China has over-inflated the price. Well, I did not expect the love for real estate is so strong and Trump will engage the trade war with China. How pointless and sad.
Bright Spots
- google price has doubled over the same period of time.
- sold the Sonoma/Seaside property at $330 and doubled my money back
- bought Gonzalas property at 20% below market and receiving 7% return.
Now the kids are going to college, I should have more time to spend on investment. Really not for the money, it is, just like Buffet said, for keeping scores. My lifestyle is simple enough that anything over $200K per year is not going to make any difference. But if I can $2M per year, that will be different ;)
Wednesday, June 1, 2016
Reflection on China ETF in Taiwan 00643 深中小
https://tw.stock.yahoo.com/q/ta?s=00643
When a country's per capita income approach $10K, its people start to be interested in stock. China is at the stage now. However, most China ETF contains too much financial institutions, such as the one I hold ASHR, maybe I should switch to 深中小?
When a country's per capita income approach $10K, its people start to be interested in stock. China is at the stage now. However, most China ETF contains too much financial institutions, such as the one I hold ASHR, maybe I should switch to 深中小?
Monday, May 16, 2016
VRX a wild ride
It is gut-wrenching to watch my 7 digits investment in VRX going up and down, and down, and up. Each move adds or wipes a year of income for a typical family. I tried to make myself above the turmoil and keep telling myself that my strategy will turn out to be right and will have the last laugh with Bill Ackman. But it is harder than I thought. Each morning, I check the quote and I have to tune my emotion to deal with day's tasks and other challenges.
http://finance.yahoo.com/news/short-seller-helped-bring-down-193940102.html
Don't know yet. But the news is turning.
Plan to sell 1/3 when it hits $70, hopefully April 2017. Will keep the rest and borrow again it to avoid big tax bill.
http://finance.yahoo.com/news/short-seller-helped-bring-down-193940102.html
Don't know yet. But the news is turning.
Plan to sell 1/3 when it hits $70, hopefully April 2017. Will keep the rest and borrow again it to avoid big tax bill.
Tuesday, April 26, 2016
Japanese Yen JPY and ProShares UltraShort Yen (YCS)
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.
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.
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.
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