Stuart McAllister
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$S&P 500 Index (.SPX.US)$Stocks have historically, not been so great either. Real assets, like farmland and real estate have been better.
I believe equities are the best asset class to own throughout a lifetime.
In times of inflation, hard assets are better. Hard assets that pay dividends are even better (stocks of companies that own hard assets that earn income). I bought AMT about 15 years ago (but unfortunately did not add to my position along the way until about a year ago with DRIP).
Guys what are your thoughts on $Two Harbors Investment (TWO.US)$, $BXP Inc (BXP.US)$, $W.P. Carey Inc (WPC.US)$, $BHP Group PLC (BBL.US)$, $Rio Tinto (RIO.US)$, $Southern Copper (SCCO.US)$, and maybe some black gold like $Chevron (CVX.US)$and $Exxon Mobil (XOM.US)$?
I believe equities are the best asset class to own throughout a lifetime.
In times of inflation, hard assets are better. Hard assets that pay dividends are even better (stocks of companies that own hard assets that earn income). I bought AMT about 15 years ago (but unfortunately did not add to my position along the way until about a year ago with DRIP).
Guys what are your thoughts on $Two Harbors Investment (TWO.US)$, $BXP Inc (BXP.US)$, $W.P. Carey Inc (WPC.US)$, $BHP Group PLC (BBL.US)$, $Rio Tinto (RIO.US)$, $Southern Copper (SCCO.US)$, and maybe some black gold like $Chevron (CVX.US)$and $Exxon Mobil (XOM.US)$?
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Stuart McAllister
commented on
$Pfizer (PFE.US)$ $Moderna (MRNA.US)$ $AstraZeneca (AZN.US)$ $Novavax (NVAX.US)$ $Johnson & Johnson (JNJ.US)$
Scientists in South Africa on Thursday identified a concerning new coronavirus variant, prompting several countries to quickly limit travel from the region.
In the past two days, scientists detected the B1.1.529 variant after observing an increase in infections in South Africa. So far, 22 positive cases have been identified in the country.
By Thursday evening, Britain had banned flights from South Africa, Botswana, Eswatini, Lesotho, Namibia and Zimbabwe, starting at noon local time on Friday. No cases of the new variant have been detected in the U.K.
Direct flights from the six countries will be banned from midday on Friday until hotel quarantine is up and running from 4am on Sunday.
The six nations will be added to the country’s red list, which would require British travelers coming from those nations to quarantine on arrival.
Officials from Israel and Singapore had announced that they, too, would add the same countries to their red lists, along with Mozambique.
There is mounting concern among scientists over the ability of the B. 1.1.529 Sars-Cov-2 variant, first identified in Botswana, to evade the body's immune response and make it more transmissible due to its "very unusual constellation" of mutations.
Scientists are still unclear on how effective existing vaccines will be against the new variant, which displays mutations that might resist neutralization.
South Africa has requested an urgent sitting of a World Health Organization working group on virus evolution on Friday to discuss the new variant.
Scientists in South Africa on Thursday identified a concerning new coronavirus variant, prompting several countries to quickly limit travel from the region.
In the past two days, scientists detected the B1.1.529 variant after observing an increase in infections in South Africa. So far, 22 positive cases have been identified in the country.
By Thursday evening, Britain had banned flights from South Africa, Botswana, Eswatini, Lesotho, Namibia and Zimbabwe, starting at noon local time on Friday. No cases of the new variant have been detected in the U.K.
Direct flights from the six countries will be banned from midday on Friday until hotel quarantine is up and running from 4am on Sunday.
The six nations will be added to the country’s red list, which would require British travelers coming from those nations to quarantine on arrival.
Officials from Israel and Singapore had announced that they, too, would add the same countries to their red lists, along with Mozambique.
There is mounting concern among scientists over the ability of the B. 1.1.529 Sars-Cov-2 variant, first identified in Botswana, to evade the body's immune response and make it more transmissible due to its "very unusual constellation" of mutations.
Scientists are still unclear on how effective existing vaccines will be against the new variant, which displays mutations that might resist neutralization.
South Africa has requested an urgent sitting of a World Health Organization working group on virus evolution on Friday to discuss the new variant.
22
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Stuart McAllister
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Asia stocks set for mixed open amid jump in dollar
Asian stocks looked set for a mixed open Thursday after the latest Federal Reserve minutes flagged the risk of a faster reduction in stimulus. The dollar jumped and the Treasury yield curve flattened.
Australian shares were steady, while equity futures for Japan rose and Hong Kong's fell. U.S. contracts fluctuated after the $S&P 500 Index (.SPX.US)$ and tech-heavy $NASDAQ 100 Index (.NDX.US)$ edged up on below average trading volumes ahead of the U.S. Thanksgiving holiday. Data showed U.S. consumers kept spending despite skyrocketing inflation, pointing to a year-end growth spurt.
Oil edges lower after biggest U.S. supply build in three weeks
Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a coordinated release crude from strategic reserves.
Futures in New York closed down 0.1%. A government report showed U.S. stockpiles increased 1.02 million barrels last week. The White House announced on Tuesday a release of 50 million barrels from its reserves in coordination with the U.S., China, Japan, India, the U.K., and South Korea.
Adidas Originals says it has partnered with Coinbase
$ADIDAS AG (ADDDF.US)$ Originals, the clothing line primarily focused on sneakers, tweeted out a cryptic announcement, saying it had partnered with $Coinbase (COIN.US)$, calling it "probably nothing."
Coinbase replied with a handshake emoji.
From Best Buy to Gap, retail carnage erases $10 billion of market value
Disappointing earnings reports have cost prominent U.S. retailers about $10.7 billion in market value this week, with stalwarts such as $Nordstrom (JWN.US)$ and $Gap Inc (GPS.US)$ posting their worst one-day plunges on record.
Investors shaved about $1.5 billion off Nordstrom on Wednesday, with the stock closing down 29%. The cut for Gap was even deeper at about $2.1 billion, while two days of carnage overtook $Dick's Sporting Goods (DKS.US)$ (down about $1.4 billion) and $Abercrombie & Fitch (ANF.US)$ ($460 million).
Elon Musk sold another $1 billion in Tesla shares on Tuesday
$Tesla (TSLA.US)$ CEO Elon Musk's trust sold about $1.05 billion in stock on Tuesday evening according to financial filings posted this week. It marks a total of $9.85 billion in stock offloaded in the past two weeks.
Tesla shares fell 15.4% the week ended Nov. 12, marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.
Trump hotels, other businesses reportedly subpoenaed, but executive Matthew Calamari expected to avoid charges
New York prosecutors issued new subpoenas for records on former President Donald Trump's properties as part of an ongoing criminal investigation of his business, a new report said. Manhattan District Attorney Cyrus Vance Jr.'s prosecutors also recently told top Trump Organization executive Matthew Calamari that they did not plan to indict him.
The developments come as Trump, the de facto leader of the Republican Party despite losing the 2020 election to President Joe Biden, signals he could run for president again in three years.
Tesla bull Cathie Wood says Apple should've bought the EV pioneer, but 'we're happy they didn't'
$ARK Innovation ETF (ARKK.US)$'s Cathie Wood told CNBC on Wednesday that $Apple (AAPL.US)$ could have owned the driverless vehicle market by purchasing Tesla. "We're happy they didn't," said Wood, a longtime Tesla uber-bull and believer in CEO Elon Musk. Wood also said on CNBC she sees "nothing wrong" with Musk selling stock and paying billions of dollars in tax bills related to option grants.
Love affair with riskiest assets turns turbulent on Fed fears
A selloff in hyper-expensive tech stocks. Travails in crypto land. Snowballing weakness in small caps. And now a runup in the cost of equity insurance.
Despite a solid markets close on Wednesday, there were other signs this week that showed this year's ardor for risky assets has hit a rough patch. The latest exhibit is the Cboe Volatility Index, which has gained 2 points since Monday of last week, a period in which the S&P 500 is little changed. Demand for protective options is suddenly growing as previously torrid corners of the equity market cool off.
Source: Bloomberg, CNBC
Asian stocks looked set for a mixed open Thursday after the latest Federal Reserve minutes flagged the risk of a faster reduction in stimulus. The dollar jumped and the Treasury yield curve flattened.
Australian shares were steady, while equity futures for Japan rose and Hong Kong's fell. U.S. contracts fluctuated after the $S&P 500 Index (.SPX.US)$ and tech-heavy $NASDAQ 100 Index (.NDX.US)$ edged up on below average trading volumes ahead of the U.S. Thanksgiving holiday. Data showed U.S. consumers kept spending despite skyrocketing inflation, pointing to a year-end growth spurt.
Oil edges lower after biggest U.S. supply build in three weeks
Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a coordinated release crude from strategic reserves.
Futures in New York closed down 0.1%. A government report showed U.S. stockpiles increased 1.02 million barrels last week. The White House announced on Tuesday a release of 50 million barrels from its reserves in coordination with the U.S., China, Japan, India, the U.K., and South Korea.
Adidas Originals says it has partnered with Coinbase
$ADIDAS AG (ADDDF.US)$ Originals, the clothing line primarily focused on sneakers, tweeted out a cryptic announcement, saying it had partnered with $Coinbase (COIN.US)$, calling it "probably nothing."
Coinbase replied with a handshake emoji.
From Best Buy to Gap, retail carnage erases $10 billion of market value
Disappointing earnings reports have cost prominent U.S. retailers about $10.7 billion in market value this week, with stalwarts such as $Nordstrom (JWN.US)$ and $Gap Inc (GPS.US)$ posting their worst one-day plunges on record.
Investors shaved about $1.5 billion off Nordstrom on Wednesday, with the stock closing down 29%. The cut for Gap was even deeper at about $2.1 billion, while two days of carnage overtook $Dick's Sporting Goods (DKS.US)$ (down about $1.4 billion) and $Abercrombie & Fitch (ANF.US)$ ($460 million).
Elon Musk sold another $1 billion in Tesla shares on Tuesday
$Tesla (TSLA.US)$ CEO Elon Musk's trust sold about $1.05 billion in stock on Tuesday evening according to financial filings posted this week. It marks a total of $9.85 billion in stock offloaded in the past two weeks.
Tesla shares fell 15.4% the week ended Nov. 12, marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.
Trump hotels, other businesses reportedly subpoenaed, but executive Matthew Calamari expected to avoid charges
New York prosecutors issued new subpoenas for records on former President Donald Trump's properties as part of an ongoing criminal investigation of his business, a new report said. Manhattan District Attorney Cyrus Vance Jr.'s prosecutors also recently told top Trump Organization executive Matthew Calamari that they did not plan to indict him.
The developments come as Trump, the de facto leader of the Republican Party despite losing the 2020 election to President Joe Biden, signals he could run for president again in three years.
Tesla bull Cathie Wood says Apple should've bought the EV pioneer, but 'we're happy they didn't'
$ARK Innovation ETF (ARKK.US)$'s Cathie Wood told CNBC on Wednesday that $Apple (AAPL.US)$ could have owned the driverless vehicle market by purchasing Tesla. "We're happy they didn't," said Wood, a longtime Tesla uber-bull and believer in CEO Elon Musk. Wood also said on CNBC she sees "nothing wrong" with Musk selling stock and paying billions of dollars in tax bills related to option grants.
Love affair with riskiest assets turns turbulent on Fed fears
A selloff in hyper-expensive tech stocks. Travails in crypto land. Snowballing weakness in small caps. And now a runup in the cost of equity insurance.
Despite a solid markets close on Wednesday, there were other signs this week that showed this year's ardor for risky assets has hit a rough patch. The latest exhibit is the Cboe Volatility Index, which has gained 2 points since Monday of last week, a period in which the S&P 500 is little changed. Demand for protective options is suddenly growing as previously torrid corners of the equity market cool off.
Source: Bloomberg, CNBC
96
13
Stuart McAllister
voted
El Salvador intends to issue the world's first sovereign Bitcoin bonds and build a Bitcoin city at the base of a volcano, with the cryptocurrency used to fund the project, its president has announced. $Bitcoin (BTC.CC)$
The city will be circular to represent the shape of a large coin and will be built in the south-eastern region of La Unión, President Nayib Bukele said.
The site would take advantage of the Conchagua volcano's geothermal energy to power Bitcoin mining, and no income taxes would be levied in the city, only value added tax (VAT), he added.
It means 0% capital gains tax, 0% payroll tax, 0% income tax, 0% property tax, 0% municipal tax etc
Does it sound good enough for you? Or does the crime problem hold you back from moving there?
Source:
El Salvador Bitcoin city planned at base of Conchagua volcano
The city will be circular to represent the shape of a large coin and will be built in the south-eastern region of La Unión, President Nayib Bukele said.
The site would take advantage of the Conchagua volcano's geothermal energy to power Bitcoin mining, and no income taxes would be levied in the city, only value added tax (VAT), he added.
It means 0% capital gains tax, 0% payroll tax, 0% income tax, 0% property tax, 0% municipal tax etc
Does it sound good enough for you? Or does the crime problem hold you back from moving there?
Source:
El Salvador Bitcoin city planned at base of Conchagua volcano
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