We are 12 years into the longest bull market in US history and this bullishness has powered the venture market. Investors deployed $117 billion in 2019 up from $106 billion in 2018.. This market has grown 20% over the last five years. It’s been go, go, go for nearly a decade.
However, Q4 2019 saw meaningful dip from Q3, but it’s too early to say whether it’s an aberration, or the beginning of a longer-term trend.
Some of you are getting bounced when you reply directly to my posts via the email you get. I am looking into that with Campaign Monitor. In the meantime, you can just always reply and use my email howard at lindzon dot com.
Some of the economic stats I see about the US are really incredible. There have been 111 consecutive months (9+ years) of jobs growth, by far the longest streak in history.
Meanwhile, while an orange person take a bow for Dow 29,000, The Gold ETF has matched the Dow ETF in returns since 1998.
When it comes to investing in our 409k, if we wanted to keep up with the returns Fat Nixon expected us all to have, we all should have been invested in Palladium:
Meanwhile it’s getting cheaper and cheaper to kill Americans with Sugar:
Yesterday I was at the doctors and got a call from Max that he was involved in a car accident on his way to work. He sounded calm and I asked him if he was hurt. He said no. He Facetimed me the damage and scene to show that it was not his fault (which it was not) and I headed over to the accident scene.
An older woman had run a red light, causing a young man to swerve all the way across the intersection to try and avid hitting her, to only hit my son Max who was on his way to work. Luckily for Max he was just starting to accelerate from the green light and the car hit the front of his car.
I spent the day with Max waiting out the police report, the gathering of insurance and for Max to file his report with
She has been home from the holidays which means she has had to stare at me mostly on the couch recovering or had to visit me at the hospital.
As she always does, Rachel makes the best of things. She’s been really busy catching up with her cousins and friends and yesterday she had a bunch of them over to celebrate and watch the first episode of the new season of the ‘Bachelor’ while I hid out in the bedroom watching hockey and the first season of Dracula on Netflix (Ellen ran out to do errands).
Rachel is heading into her last semester in college and has so many opportunities ahead. I remember being 22 and not having any idea what I was going to do. I had an undergraduate degree and the stock market had just crashed (1987) so my first job at
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
The headlines on Friday were all about war and Iran which got me thinking about the famous song by Edwin Starr which asks ‘War – What’s It Good For’?
Steven Wright – the comedian – tells a joke about being born by cesarian…he knows this because he leaves parties via the upstairs window.
Maybe I was 3 months born early. I’m always leaving the comfort of a great stock the first chance I get!
Ellen and I have always bought our houses right but selling them has been a mistake. We should have kept them all and eventually AIRBNB would have made holding a profitable way to keep them.
My current biggest stock positions are Apple and Google and LULU but since they are at all-time highs as I speak, all my sales in the past have been clunkers. I should have bought some more stock each time I was thinking of selling. I should also be adding to my position each time I buy their products.
Some of you have noticed that I have already missed a day of the blog in 2020.
Unfortunately, I spent the last two days in the hospital with a bad infection of my colon. It is under control now and I am back home feeling good, but to be honest I was scared and not in the mood to write while I was getting all my tests and feeling terrible.
Let’s get back on track with a longer prediction post I have been woking on.
I made a few predictions last week but today wanted to write about the area I focus on…fintech. Our fund has not announced a couple of our most recent fintech investments but will be doing so shortly.
In the last 10-12 years fintech (I started making fintech investments in 2006) has gone from a neglected category to a very crowded ‘can’t miss’ venture capital playground.
Last year, Apple and Microsoft accounted for 1/3 of the Nasdaq 100’s great 37.8 percent year. If you listen closely you can hear 1,000 hedge funds closing.
I was smart enough to own Apple but do not own Microsoft.
No wonder more and more people turn to indexing and simple asset allocation when it comes to public market investing. If you can’t beat ’em…join ’em.
Last week these two tweets appeared back to back in my timeline and caught my attention.
I am not recommending 3x leverage Nasdaq 100 as a buy and hold strategy (most of us would have been sick with the many 30-50 percent over the 10 year period), but you can see why fewer and fewer people want to pay 2 and 20 for access to hedge funds.
Today Vanguard Joined the ‘free trading’ club to start the new year.