I have been sitting and waiting for a time to get in on Micron. This entry point is enticing. Might make some moves today in my ROTH to do some balancing.
I cant resist posting this....investing adjacent.....story. The lesson here.....make sure your kids know what you own and where it is. AND....if you are doing an estate sale....dont be a MORON. We dont do garage sales....but we do stop at any estate sales we happen to see. We have never been very lucky....but...hope springs eternal. In major goof, estate sale company sold paintings for as little as $45. They may be worth millions https://www.oregonlive.com/living/2...-little-as-45-they-may-be-worth-millions.html
AND....with the SP500 bouncing from green to red and back and forth..... and NASDAQ now RED....mid morning....we are right back to the DISMAL June market. Especially for the BIG CAP world of tech and chips.
A lot of WILD and CRAPPY action in the markets this week. BUT in the end.....not a bad week for me. Some real NASTY moves in some of my stocks but they were CANCELLED out by other stocks that I hold. Today....a small gain for me....in spite of the red in NVDA and MU. I also beat the SP500 today by....0.28%. So happy to move on from another......"June week"......in July.
I end the week with my entire portfolio at......+3.59%.....year to date. Considering the current INSANELY NEGATIVE environment for big cap tech and the chip stocks.....and the fact that I hold many of them.......I am feeling pretty good with how I ended the week. Three days off........THANK GOODNESS. This is one of those times when there is ABSOLUTELY ZERO justification for what is happening.......but it is still going to happen. Screw the current markets......and the media coverage they rode in on.
The market close today. Dow jumps nearly 600 points to record close; Nasdaq slides as chip stocks suffer https://www.cnbc.com/2026/07/01/stock-market-today-live-updates.html
AND....I cant resist.....of course actual fundamental data......DOES NOT MATTER. I guess the question is....why are we even going to report earnings.....since no one cares.....in this WEIRD market black hole we are caught up in right now. No doubt it will eventually end....but when? Who knows. Tesla stock sinks 7% despite strong deliveries report, posting worst day in nearly a year https://www.cnbc.com/2026/07/02/tesla-tsla-q2-2026-vehicle-delivery-production.html
This is not directed at you, W. I post on the off chance someone might gain perspective from this in the future. About 90 minutes of my MU ownership was spent in the red. At this point, MU could drop 80% and I could still sell at a nice gain. If I were to claim any sort of skill or knowledge of what were to happen, it would be an outright lie. The most I can claim in this transaction is that I had a high degree of confidence (but not certainty) MU would do very well for the foreseeable future. Basically: Their process was good, they were selling into a market with infinite appetite for their product, they had technology leadership over every other player. I knew they wouldn't go bankrupt. That's about it. Samsung was different. I've been deep in the black for many months but there was about a month during which it would oscillate between gain and loss. It was a long game. The truth is, I wanted to buy SK Hynix and couldn't. Samsung was the slightly less attractive sister. I do claim to have significant knowledge of the semiconductor industry but I can hardly claim I knew what the stock would do. Obviously, I cannot claim to know what 66 million people are going to do at any given moment nor do I respect any claim that someone else has this knowledge. With these plays, it's about buying, watching the news for 18 months while ignoring my account, and then starting to consider gains and potential off ramps. When my predetermined time arrives, I will consider all options but will undoubtedly continue to hold these stocks as long as I believe these companies are managed well and the industry is healthy. Even if I hold these companies for two more years and they only gain 10% additional, I will take that 5% per year gain and be happy. 5% will be more than I could have made with a GIC or money market. TLDR: The daily tick: 0% chance of anyone predicting the outcome. Two year horizon: 60% chance of a small handful of people have the knowledge of a gain or loss, but no chance they will be able to quantify how much. Let's admit there is some portion of luck to long term investing, while short term investing is 100% luck added to commission/front runner losses.
This GARBAGE is dangerous. It is NOT a market and it is NOT accurate as a prediction. It is MANIPULATIVE GAMBLING. A fundamental flaw of prediction markets https://klementoninvesting.substack.com/p/a-fundamental-flaw-of-prediction ....."Further analysis indicates that the larger traders have the power of their conviction but not the power of information. Indeed, larger traders seem to act mostly on ideology rather than information, and this ideology informs their high conviction. Or, to quote the authors in their abstract: “We find no statistically significant correlation between sentiment intensity and informational edge, indicating that the most prominent voices in these ecosystems function primarily as sources of communicative noise.”"..... AND.....what is really dangerous in addition to the FANTASY that this is actually....trading....is that we are now using this GARBAGE as a substitute for "opinion polling" in the MEDIA.
As to TomB16 above.......yes.....this is why my long term....number one investing goals.....is to long term average +10% annually. this is STILL my goal in spite of massively beating the goal so far. It is all about a portfolio as a whole.....and....this is why I have a good amount of my money STILL in either the SP500 or QQQ. It is also about MOMENTUM in the current era of investing and owning GREAT companies. It is about POSITIONING yourself as well as possible....but there are ZERO guarantees.....especially the shorter the time span.
It is nice to see some action at MSFT. Microsoft’s next big bet isn’t on a model but on becoming the Swiss Army knife of enterprise AI https://finance.yahoo.com/technology/ai/articles/microsoft-next-big-bet-isn-080000418.html
AND......I remain FULLY invested for the long term as usual. What else is there to do with your money? Stocks and/or real estate is about it. AND.....I prefer to have my real estate money in my paid off house since I am not cut out to be a real estate investor. A friend and I tried it once....owning two rental homes....and it was not for me.
A day ago.....the price of a gallon of gas around here.....$3.03. Many stations were in the $3.00 to $3.10 range. Yesterday just about every station around here suddenly went to....$3.49. The price of oil per gallon....about where it was before Iran or even lower..... at about $68 per barrel. This is PRICE GOUGING pure and simple.....for the driving that will accompany the 4th of July three day weekend.
Congrats to all my American friends for their aniversary! To achieve 250 yo is a good reason to celebrate! Have a great day!
WOW.....I just saw the real property data for my area of 4200 homes. Average time on market......77 days. Average price....$1.22MILLION. Recently sold......13 homes. Pending sales........13 homes. Active listings......33 homes. What is AMAZING is that we have ONLY 33 homes actively for sale out of 4200 homes. Typical for this time of year would be somewhere in the 100 to about 120 homes for sale range.
