The big advantage of building, as soon as you can, an wealthy individual/family position is not to obtain - my view - early retirement, beeing idle or lazy etc. The big gain is to have the possibility to be able "to be free to choose" like in Milton Friedman 80's statement. You want to work, do it. You want to open a shop, do it. Write a book, paint a canvas, travel abroad, opportunity to volunteer etc. What we are giving them, since early stages, is just a tool to obtain freedom.
Well we are a bit into the day....and the markets are searching for direction. For me the direction is CLEAR....since I start the day with a single GREEN stock....NVDA. But the big averages are better......the DOW and the SP500 are GREEN.....although the NASDAQ is RED. I expected the market to be MUCH WORSE today with the Iran headlines last night. S&P 500 is little changed as Trump rejects Iran offer, oil rises https://www.cnbc.com/2026/05/10/stock-market-today-live-updates.html
I TOTALLY AGREE with this little article. We are in the middle of a HUGE economy and bull market. Although it is somewhat obscured right now by the Iran situation. The only thing I would change is the headline....."MY"...headline would be......the same.... BUT I would remove the word...."TRUMP". I dont believe there is anything MAGIC about TRUMP (himself) in the current market and economy....what is the MAGIC is the huge earnings that are being put up..... compliments of less regulation, lower taxes, more emphasis on free markets capitalism, and business freedom. ALL....due to the same economic policies that we have seen since Kennedy and Regan...... as the foundation of a good economy. It is all about....POLICY, POLICY, POLICY.....not personality. There is no reason that recognition of this TRUTH and acceptance of these policies can not be used by.....any politician or political party. Now on the other hand....more government interference....more taxes....more bureaucracy....more regulation....more Socialism....more Communism....is POISON....for the economy and business. Forget the naysayers — earnings surge means a ‘resilient’ Trump economy https://nypost.com/2026/05/07/business/corporate-earnings-surge-means-a-resilient-trump-economy/ ......"the stock market keeps reaching record highs, buoyed by the mother’s milk known as corporate earnings, the ultimate indicator of underlying economic strength. Those earnings are also heading toward record levels, possibly growing more than 21% in 2026, analysts say. It’s “one of the best earnings seasons in 20 years,” Deutsche Bank number-crunchers said this week."......
Some good discussion here. A Reminder Primer: How Dividends Really Work Return of your investment is different than return on your investment. https://www.fisherinvestments.com/e...y/a-reminder-primer-how-dividends-really-work ......"All investments have risks and tradeoffs. If all you do is focus on a stock’s high dividend yield, you risk fooling yourself into overlooking the broader list of pros and cons. And if you focus only on the dividend yield, you lose sight of what ultimately determines an investment’s success: its total return, which is price appreciation (or decline) plus dividends. Your portfolio’s total return is what will determine whether you reach your investment goals."......
I like this little article. LOL......"MY".....answer would be because they need to scare people into thinking that they "need" them. Why Are Hedge Fund Managers Always Bearish? https://awealthofcommonsense.com/2026/05/why-are-hedge-fund-managers-always-bearish/ ....."Investment truths are rarely black or white but rather shades of gray. The perfect investment strategy is the one you get stick with come hell or high water. Some people are meant to hedge. Some are meant to buy and hold. Some need a mixture of both. The first step is figuring out what your philosophy is and ensuring it mixes well with your emotional disposition.".......
To be a good investor....you have to be long term and allow the market extremes to generate an "average return". You have to have the GUTS.....to wait for it to happen. Why I sometimes tell myself average returns are a mirage Plus a charted review of the macro crosscurrents https://www.tker.co/p/ben-carlson-risk-and-reward-book-stock-market-chart ......"The lesson: An investor’s long-term returns may reflect the averages we talk about. But that’s only because they’ve experienced a combination of many very strong years, some lackluster years, some negative years, and a very small handful of average years. Average years are so rare that you might as well treat them like a mirage. Just because you can see them in the math doesn’t mean that they’re likely to be ahead of you in the coming year. Manage your expectations.".......
Of course......and....I see this as a good thing. The equivalent of.....LET THE WINNERS RUN. Top 10 Companies Account for 34% of Profits in the S&P 500 https://www.apollo.com/wealth/the-d...anies-account-for-34-of-profits-in-the-sp-500
Some good data and discussion here on.....jobs, labor, wages, inflation, and the economy here. If you are into that sort of "stuff". Stable Jobs + Hot Inflation + No Hikes = Bullish Equities https://www.carsongroup.com/insights/blog/stable-jobs-hot-inflation-no-hikes-bullish-equities/
We have now IMPROVED to ALL the averages being GREEN. At the same time just about ALL the financial so called....."news"...items I am seeing on one site are basically negative. Of course....anyone that bases their investing on MEDIA GARBAGE is doomed to fail. HERE is what I would call.....A PERFECT EXAMPLE.....of statistical BS. BUT....it makes for good click-bait....just what the MEDIA wants. AND at the end of the article.....the message is.....WHO KNOWS. A surprising thing is happening underneath the S&P 500's record run https://finance.yahoo.com/markets/a...erneath-the-sp-500s-record-run-115026065.html AFTER all the BS....at the end I LOVE the conclusion...... ....."They could signal a broader market nearing a short-term top, or ultimately prove to be nothing to worry about."..... LOL....in other words....just disregard everything we just pushed in this article. CLASSIC.
AND....as usual....every single day we are TREATED to some more BS from MR A-HOLE and his PR team. Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’ NO......I am not even going to post a link. For every one of these daily articles...... they usually contain something like this: "The famed investor, best known for predicting the 2008 housing collapse".....blah, blah,blah. Well that was EIGHTEEN YEARS AGO......so....who cares. AND...it is not like he was a lone voice....there were many, many people that recognized the danger in 2008/2009. BUT....most of them did not get their own movie. AND....as a long term investor....the last person I want to hear from or take as any sort of investing source is....a short trader, a speculator, and newsletter seller.
The erratic home market continues. although in my little neighborhood of 4200 homes......houses are selling although i would say prices are a bit lower in general. Mostly it depends on the quality of the homes interior. April home sales disappoint as higher mortgage rates weigh on buyers https://www.cnbc.com/2026/05/11/april-home-sales-disappoint-higher-mortgage-rates.html
YES......the negativity sells clicks and is rampant in the media. That is why they LOVE people.........that are always negative on some topic or other. Usually in favor of what they are trading or shorting. BUT....I agree: ‘The haters will hate’: Dan Ives predicts Nasdaq 30,000 as AI rally expands https://www.cnbc.com/2026/05/11/the-haters-will-hate-dan-ives-predicts-nasdaq-rally.html NOT a very shocking prediction......if your investing horizan is more than a day or two.
In spite of the media negativity....here is the REALITY of the markets....right now. S&P 500 rises to fresh record, Micron leads Nvidia and chipmakers higher https://www.cnbc.com/2026/05/10/stock-market-today-live-updates.html AND....I have IMPROVED. I now have TWO GREEN stocks....NVDA and AAPL. A very JITTERY start today in the markets. BUT....I do have hope for a good close as we settle into the day. REGARDLESS.....I will be, as usual......RIDING THE WAVE.
ENOUGH.....for now. Time to sit and just take it all in. I will MEDITATE on the markets.....as I consider the AURA of stocks today.....and....evaluate their spiritual energy field. SHOW ME THE WAY.
I lOVE how the media IGNORES reality. I believe NVDA hit a new all time high and a 52 week high TODAY. NOT a peep anywhere. AND....as a result....even though I only have TWO GREEN stocks......I now have a nice small....MEDIUM gain for the day in my stocks. A good starting point for the rest of the day. YES....there is a MEDIA BAN....on anything positive for NVDA.
Speaking of NVDA.....they will report earnings next week on Wednesday after the bell. CUE....the NIT-PICKING. If nothing else the stock will be hit with.....well....these earnings are just TOO GOOD....they will not be able to keep this up going forward. A CLASSIC way to ....."bitch"....about a great earnings BEAT.....when you have nothing else you can say.
So how do you feel about the AURA of Micron ? I'm sitting on almost a 2,000% gain , YES 2,000% it broke $600, $700, and today may go above $800 per share. How much should I sell ? If any ? I have already covered my initial investment...................... I've just seen this playout soooo many times before, something happens and BANG, it drops 50% in a couple day's Now 2,000% to some investors who have held a position for 30 years seems normal..... The S&P 500 is up almost 2,000 over the last 35 years , 1991 ......... My thinking sell another 5% .................... BTW: Sometimes being a bottom feeder pays off ....... Like April , Like Covid............. And sometimes it's just Dumb Luck
