WELL....OK...I had a nice litttle GAIN today in my nine stocks. it was compliments of.....HD, AAPL, NVDA, and GOOGL. The rest were RED. I got beat by the SP500 today by 0.05%. All in all considering...it was a good day. Even small gains add up over time.....bit by bit...drip by drip....till it becomes a pond and than a lake.
I also got some other GOOD NEWS today on my family Oil and Gas corporation. Our first sale of about 11 acres of mineral rights (no physical land) is closing tomorrow for about $150,000. We have remaining mineral rights (no physical land) of about 1000 acres. Unfortunately those 1000 acres are not in as good of a County for value although they are in the Permian Basin. I am hoping that they will have a value of between $500 to $1000 per acre. But...they could be lower...perhaps in the $200 to $400 range per acre. Once the current deal closes tomorrow I have asked one of my Cousins to schedule a phone meeting with myself, her and our Land-Man to discuss the best way to market the remaining mineral rights, their potential value, legal issues, etc, etc.. We also have about 320 acres of physical land in New Mexico in 7 separate parcels that we need to get listed and sold.
Thanks for sharing @WXYZ! I always found mineral rights as a very interesting way to create passive income. Around me natural gas wells are pretty abundant. It seems in most cases those pretty much provide free gas for the house but not much passive income. Similarly related, My uncle down south owns many acres with a mountain on it and the cell phone provider made him a pretty generous offer to put a cell tower on it. He declined but how great would it be to have a chunk of case AND Cell phone reception! I know we have some members here that have some residential and commercial property. I would love to get your input! I am at a point in life were I either need to get a larger residential property or buy a commercial property. If I did commercial I would occupy part and rent out the other. Doing residential would be easier but I would be missing out on the ability to create passive income.
As I mentioned yesterday. Silver Rises to Highest Since 2011 as US Premiums Grow https://finance.yahoo.com/news/gold...NjkhKeeD921JNsfT7Iwaj_I5aN1VhcSltGk41SkL6KN6I
I have to leave soon....since I have some errands to do that will take me away from the markets. NO WORRY.....my portfolio does not require my attention or presence.
AND.....also mentioned a day or two ago. Bitcoin surges to new highs above $118,000 as investors go risk-on https://finance.yahoo.com/news/bitcoin-surges-to-new-highs-above-118000-as-investors-go-risk-on-182648233.http YTD up about +21%.
Yeah, I have a few of those (natural gas well). I have never really got an abundance of income from them, although I do get some royalty payment....nothing significant. On one particular property the free gas was a blessing and a curse at times. No utility bill for heating was great. Then there was maintenance, which often always came at the most inopportune time....think icy, cold, winter storm. Something was always needing attention. I took advantage of it for many years, then found myself trying to remedy an issue in one of those times....that was it for me. I vowed never again...lol. Switched over to the main provider in my area and gladly pay the bill during the winter.
A NORMAL day again......as usual lately. Dow drops 200 points, S&P retreats from record as Trump escalates trade battles https://www.cnbc.com/2025/07/10/stock-market-today-live-updates.html (BOLD is my opinion OR what I consider important content) "Stocks dropped Friday, a day after the S&P 500 posted a new record high, after President Donald Trump announced a 35% tariff on Canada and threatened higher tariffs across the board. The Dow Jones Industrial Average lost 267 points, or 0.6%. The S&P 500 slid 0.4%, and the Nasdaq Composite dipped 0.2%. Trump cited fentanyl as a reason for higher Canada duties, adding that they would go higher if the country retaliates. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump said in a letter posted on Truth Social. Trump then told NBC News he was planning blanket tariffs of 15% to 20% on remaining countries, higher than the current 10% standard that investors had grown comfortable with. “I think the tariffs have been very well-received. The stock market hit a new high today,” Trump told NBC News on Thursday. Traders were also waiting on a trade update from Trump on the European Union this week, but it’s not clear whether the president will post a letter with a new rate like he did with Canada or simply give an update on progress of ongoing deal talks. The S&P gained 0.3% on Thursday to notch a new record, while the tech-focused Nasdaq finished higher by 0.1% as investors shrugged off any worries around the latest trade developments, including a 50% U.S. tariff on imported copper as well as a 50% tariff on Brazil unveiled this week. A jump in Nvidia on the back of AI hopes to a $4 trillion market valuation has helped drive the recent market gains. JPMorgan led banks lower Friday, down about 1%. Citigroup lost about 1% as well, and Wells Fargo dipped 0.6%. The economy needs to continue to stay resilient for the rally to be sustainable, warned Drew Pettit, Citi’s U.S. equity strategy director. “Structurally, we’re not there yet. Fundamentally, I don’t think we’re there yet,” he told CNBC’s “Closing Bell Overtime” Thursday. “If you want these types of sectors to continue to outperform more than just a tactical trade, you’re going to need the macro data to hold in there and the Fed to cut rates. It’s not an either or, structurally, I think it’s both and we’re not quite there.” Friday’s losses pushed the major averages into the red for the week. Next week, investors will need to navigate the start of second-quarter earnings reporting season, along with the release of some key inflation data." MY COMMENT We are a long way from the close today....that is what counts short term. BUT really this day to day stuff is not relevant at all to the long term investor. We are seeing a split.....as usual....fro the investors and the traders. It is the traders and speculators that are driving the RED in the markets today. they live off the daily headlines and news content...especially the MASSIVE AI trading platforms. The little retail investors......sit and do nothing. As for "me"....this tariff "stuff" and the fear mongering that comes with it.....I dont care one bit about it. It is the ultimate market distraction and nothing more than a very short term event. We have seen little to no impact from it in the general economy.
I cant read this article since I dont pay....but I can see the summary. YES.....there is a reason why I ONLY invest in companies that are USA based. Jamie Dimon has a blunt message for Europe: ‘You’re losing’ https://www.cnbc.com/2025/07/11/jamie-dimon-has-a-blunt-message-for-europe-youre-losing.html Key Points Jamie Dimon told an event in Ireland on Thursday that Europe was “losing” on competitiveness and lacked the kind of global, successful corporations common in the U.S. The JPMorgan Chase boss also told the event that there was “complacency in the markets” around U.S. tariffs and rates. He went on to make his usual.....WRONG.....prediction that there is a 40-50% chance that the FED will RAISE rates due to inflation. The media LOVES to quote him and he LOVES the daily attention. It will be so nice when he retires and goes away.
I am doing WELL today even if the big averages are in the RED. I have five stocks UP including PLTR and NVDA........and....MSFT, AMZN, and WMT. Poor COST is down into the $968 range. A GREAT company being dragged down by their high share price. They have AMAZING management....but they are tone deaf on this issue. Or for some other reason that I cant fathom......are completely STUBBORN in their refusal to consider a stock split. BUT.....I will not sell this stock.....I am sure I will own it for a long, long, time......they are ICONIC. Sooner or later they will give in and do a split. I know it is a waste of the skin on my fingers to type these posts about COST doing a split.....but I cant help it.
OK.....I am going to get ready to take off. So far I am LIKING the markets today. Of course it all depends on what you happen to own.
Yes. I am glad you brought this up again. I remember the first story/post about it. I had planned on trying this fun little bit a few Christmas ago and forgot about it until it was too late. Maybe I will remember this time....since it is early.
Yes.....Smokie...it is a fun little addition to a holiday. AND....speaking of fun.....I am still doing well in the markets today with my nine stocks. Not quite as much of a gain as earlier but still a pretty good gain considering the averages are all in the RED. I just have to hang in there for 2 more hours. That is a long time in the markets of today.......especially heading into a weekend.
A bit of good news........but.....I am IGNORING any political content. Treasury posts unexpected surplus in June as tariff receipts surge https://www.cnbc.com/2025/07/11/tre...surplus-in-june-as-tariff-receipts-surge.html (BOLD is my opinion OR what I consider important content) "Key Points With government red ink swelling throughout the year, June saw a surplus of just over $27 billion, following a $316 billion deficit in May. Customs duties totaled about $27 billion for the month, up from $23 billion in May and a 301% gain from June 2024. The U.S. government posted a surplus in June as tariff receipts gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit down to $1.34 trillion, a 1% decline from the same period a year ago. In June 2024, the deficit totaled $71 billion. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. The government last posted a June surplus in 2017, during President Donald Trump’s first term. Increasing tariff collections are helping shore up the government finances. Customs duties totaled about $27 billion for the month, up from $23 billion in May and 301% higher than June 2024. On an annual basis, tariff collections have totaled $113 billion, or 86% more than a year ago. Trump levied across-the-board 10% tariffs on imports in April on top of other select duties. He also announced a menu of so-called reciprocal tariffs on various U.S. trading partners and has been in negotiations since. Persistently high Treasury yields again posed a challenge for federal finances. Net interest on the $36 trillion national debt totaled $84 billion in June, down slightly from May but still higher than any other category with the exception of Social Security. For the year, net interest — what Treasury pays on the debt it issues minus what it earns on investments — is at $749 billion. Total interest payments are projected at $1.2 trillion for the full fiscal year. Trump has been pushing the Federal Reserve to cut short-term rates to help with the financing burden of servicing federal debt. But markets don’t expect the central bank to ease again until September, and Fed Chair Jerome Powell has said he remains leery of the potential impact that tariffs might have on inflation. Trump’s own “big beautiful” spending bill that made its way through Congress earlier this month is expected to add about $3.4 trillion to the national debt over the next decade, according to the nonpartisan Congressional Budget Office’s projections." MY COMMENT Every bit of receipts is a good thing.....bit by bit. BUT....imagine how much we could be saving on government interest payments if thee FED had done their job and cut rates 2-3 times this year. They are costing us a bundle of money.
OK....I hung in there for a nice, small gain today. Not bad....five of nine stocks GREEN. Plus a beat on the SP500 by 0.68%. A good week as I move forward into the second half of the year and earnings.
The week that was. DOW year to date +4.67% DOW five days (-0.96%) SP500 year to date +6.67% SP5500 five days +0.01% NASDAQ 100 year to date +8.62% NASDAQ 100 five days +0.12% NASDAQ year to date +6.77% NASDAQ five days +0.46% RUSSELL year to date +0.12% RUSSELL five days (-0.14%) As for me....I had a good GREEN week. Right now at the close my entire portfolio is at ....+12.01%...year to date. Last week at the close on July 3......I was at year to date for my entire portfolio......+10.59%.
I would not be surprised to see him in a government appointed role or run for some elected office at some point. Not suggesting it is a good idea….but he has a ton of money and connections, both are requirements for either of the above….sad but true.
The week is done. We roll on. The last half of the year is upon us. It will be interesting to sit and watch….although not overly important as a whole in regard to long term success. Still will be fun to observe. Of course, earnings will be the best part as usual. A good time to take measure of the companies and evaluate for your own plans.
