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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Winfastorlose who wrote (6909)3/22/2019 6:46:57 PM
From: Kirk ©  Respond to of 27100
 
Yeah, similar experiences with markets but not with your favorite guru... hence mileage may vary applies. It would be fun to meet someday for coffee or Chinese food and share experiences and complaints about Taxifornia.

I've followed the markets since my father put some very hard earned money into Control Data using his father-in-law's brother as the broker... my grandfather's brother who was a stock broker. It was the 60s and we didn't have much money so I watched the price in the paper, in secret, hoping we'd get rich. It, of course, went the other way as happens when those who can least afford it buy at the top. I followed these sort of picks from my parents and other adults for years and learned most buy at the top when there is a good story and brokers have an easy sale. I even came up with the term 'used stock certificates' to compare the profession of selling them to that of selling used cars as a reminder who benefits.

I went to UC with the altruistic goal of solving the energy crisis with nuclear fusion but learned it was mostly politics and you needed more schooling than I could afford to be in charge of your own experiments, so I switched to semiconductors which were up and coming. I picked my first company as one with the best overall odds of making me loads of money on the employee stock plan while enjoying what I did... HP at the time was small with total sales about equal to IBM's profits. Both wanted me as well as some startups but the startups were risky, didn't have vacations or as much opportunity at HP with great people who didn't have to wear ties... so I picked HP and did really well leaving after 20 years and before they peaked so I've had plenty of time to eventually completely get out but buy some of their spinoffs that did much better.

Anyway, I think the hard part will be not letting it consume me and find more time to do things my girlfriend wants to do but her stuff usually involves me doing more work that isn't nearly as fun and costs $ rather than makes $!

Have a great weekend. Looks like rain here but hopefully windsurfing weather soon!



To: Winfastorlose who wrote (6909)3/25/2019 1:48:53 PM
From: Kirk ©1 Recommendation

Recommended By
Winfastorlose

  Read Replies (1) | Respond to of 27100
 
Here are the charts:

Relationships between Treasury Rates, Yield Curve Inversions, Recessions and the Stock Market