AND.....congratulations to Warren Buffett as he hangs it up on Wednesday. What a MASSIVELY successful career and life. He did a lot of good with his investing platitudes and letters. AND.....he never lost the...."common touch". A true AMERICAN CHARACTER. I dont know if there will ever be another team like him and his side-kick....Munger. ICONIC.
OK...nothing going on.....so I will move on to other....."stuff".....for now. As I do so the SP500 and the NASDAQ are now slightly green.
Good afternoon Mr. WXYZ, hope all is well. I was looking at Costco and was wanting to know if you think 2026 will be a better year. I know you own the stock and was wanting you opinion? It happens to be my lowest performing stock.
I like COSTCO.....and will definately NOT sell the stock. This year....2025....was a very strange year for the stock....very good earnings that were completely Ignored. Probably also my lowest performing stock. As to 2026.....I have no idea. I just know that the company fundamentals are GREAT and over the past five years the stock is UP by about....130%. It is also UP nicely over the past 3 years. It is down by 6.13% over the past year. One thing I do believe....over the LONG TERM it will OUTPERFORM. Keep in mind....this is NOT a tech stock...it is not going to go up like a tech stock. It is a long term hold stock that over 3 or 5 or 7 or 10 years USUALLY beats.
Today I ended with a SMALL loss. I did have three stocks green....AMZN, MSFT, and GOOGL. I also lost out to the eSP500 by....0.19% today. We continue to see any hope of a SANTA RALLY fading.
I believe Warren Buffett did more for retail investors than anyone, including Jack Bogle (John C. Bogle). This, despite Jack Bogle bringing incontrovertibly correct investment products and strategy for 99.5% of people, including myself. I have infinite respect for Jack Bogle and now consider him my primary mentor but Warren Buffett was the guy who sat down with a generation of retail investors and made us understand the Wall Street elites are not better than the average retail investor, to say the least, but they do trade on information retail investors don't get in real time. He laid it out like a grade 2 algebra class. He could not have been a better teacher. It was so obvious. Short term investing against people who have inside information is insane. Long term investing is the only rational approach. Happy New Year to all.
I got my settlement money today from a lawsuit that I was involved in. About $18,000....after attorney fees and costs. I put about $13,000 into my SP500 Index fund. I put about $2500 into the 2x Nvda and PLTR ETF's......NVDL and PLTU. I want to follow them along with some real money for the longer term and see how they do. This is MAD MONEY....a small art fund...that I want to see if it will grow in these two ETF's. The rest of the money went to various non-investing uses. At least it happened by chance that I got the money invested after a few DOWN days. But.....even if the markets were up massively today...I would have put it in. My normal course is...ALL IN ALL AT ONCE....as soon as I have available money. That is the PROVEN PROBABILITY.
