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

To: robert b furman who wrote (10744)	12/22/2020 10:25:39 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26769

Agree. Also remember there was a TON of PC spending brought forward as it was cheaper and easier to fix the potential Y2K bug by replacing your PC with a new one that had the Windows OS that had the bug fixed rather than spend resources patching what you owned only to replace it in another year or two. My HP stock kept going up into late summer of 2000 if I recall, probably selling EXPENSIVE ink refills to those who got near empty ink cartridges with the free printers that came bundled with their PCs. The semi capx companies are safer these days as they pay a dividend and recurring "services revenue" is about a third I think at Lam. One doesn't just buy a tool from them these days... you buy a razor then have to keep buying blades. Tesla get $30 per month per car to keep the software running. I probably don't even spend that on gas for my two vehicles if you average my two cars in a low gasoline price year. Add in the cost for electricity to charge their batteries and they are more expensive to operate than my current ICE vehicles that are not gasoline sippers.... 5M cars a year sold that get $30 a month is $1.8B in recurring income added every year. Given they will probably have similar charges to have software that integrates your solar roof with your Powerwall and car batteries and they have some decent revenue, but that revenue is a very fat target that I expect Apple, Google, Amazon, Comcast, AT&T, etc. and the other "smart gals" (I used to lump everyone into "guys" but maybe these days we should be more inclusive) will go after that recurring revenue to manage your home. Funny that the more we make the more stress as we know it is built on a lot of "funny-mentals" that involve the Fed taking wealth from savers and transferring it to companies via low interest rates. EVERYONE hates cash it seems but me. I see it as charge in a battery... waiting for dark clouds. Market goes higher and my already larger than I ever imagined portfolio will kick out some more cash with profit taking. Kirk