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

To: robert b furman who wrote (12014)	9/27/2021 11:29:35 AM
From: w0z	Respond to of 26921

join this new era with a lot of cash and dividend paying stocks. And don't forget crypto...one financial asset they're not printing more of. At least that's true for what I own a ton of and it's appreciated from $4 ave basis to $306 today since buying it in 1918/9. It's supply is fixed at 14.6M tokens, today and forever. Utility should be comparable to the TCP/IP protocol for the Internet, but for transferring digital assets instead of just data and information.

To: robert b furman who wrote (12014)	9/27/2021 1:07:22 PM
From: Kirk ©	1 Recommendation Recommended By wilywilly Respond to of 26921

Jan sounds great! Eating out is a nice way for both of us to enjoy time together without having to worry about the mess, dropping stuff on my floors, etc. Emily says I need to spend it on something so it should be things we enjoy. Yesterday we went to our favorite, new Dim Sum place in Santa Clara to eat first but they turned us away as full until closing. They don't take reservations either. They close the kitchen at 2:30 to open again at 5PM and they stick to it to treat their valuable workers well. They also close on Tue and Wed so the kitchen staff is full time and no subs with inferior cooking skills while training. I think it was packed too as the invaders from WI were in town and there was already traffic in people with 49ers gear on trying to get to Levi's Stadium. Unfortunately, two Californians were two points too good for our depleted secondary so GO BEARS Rogers and Palo Alto High Adams got even with us for not drafting them.... Where we landed, not too far away, the shopping center in what was called "Korea Town" in Santa Clara where we ate was mostly deserted and boarded up. The Micheline recommended (no stars) restaurant used to have a line out the door even at 1:30 or 2:00PM. The big Korean grocery store and the huge food court were boarded up. The tables were socially distanced and the place was 75% full. We had a booth next to the door where there was good wind flowing through. We're both vax'ed and feel safe enough if widely spaced with good airflow design. He makes money from suckers for calling the obvious. I think cheif's idea of a global inflationary boom coming to us is on the money. Stop saying is it "his idea." Many of us have said this for decades before we heard of him. It is as obvious as looking at a chart of the price of bread or stocks and seeing they go up and to the right with time. Also, anyone who hasn't noticed it HAS ALREADY OCCURED is too far behind the curve to pay attention to what they have to say. Just look at the cost of homes in nice places to live if you need any clues. The Libertarians asked me to run for office WAY BACK IN THE 1980s when I started writing letters to the editor about what all the borrowing and "easy money" would do as the only thing politicians could do was print more money at faster and faster rates. I CORRECTLY figured the way to fight it was buy STOCKS and the best dame land on the planet to live on as that "gold mine" would appreciate quickly AND save me on rent, taxes, etc. by locking in early where our prop 13 says my property taxes can only go up 2% a year. At one point I had THREE loans outstanding with costs to service them higher than my monthly income! Talk about targeted leverage to get in when the prices were way down! I have neighbors paying over $50K a year in property taxes and a few old timers who bought here 50 or 60 years ago pay about $1,200 a year! I just went over $12K a year but that added to the cost of interest on my mortgage would not rent a nice 1b/1b place here. That kind of "savings" is just as valuable as some of my stock appreciation as it continues to save even during bear markets when stocks go down. Anyway, inflating our way out of the mess politicians have made is the only hope to keep all the balls in the air. If the current moron puppet in the WH has his way with a wealth tax, stocks will go down and he'll destroy more pension wealth than he can collect with the taxes on said wealth... and look for other countries to offer a safe haven to billionaires... Sadly, the GOP hasn't anyone worth a chit either. Trump had some good ideas and was very correct about the swamp but he burned more bridges than he built which rendered him nearly useless these days.

To: robert b furman who wrote (12014)	9/28/2021 10:59:23 AM
From: Kirk ©	Read Replies (3) \| Respond to of 26921

Here is a chart of total returns for housing vs stocks for the past decade. I've had people tell me I "should have" invested in local real estate since all over the state is has roughly doubled in the past decade. I counter my far more diversified REIT investment (that is also recommended in my newsletter for the past two decades for my core portfolios) has done far better without the "dead beat risk" of having a COVID tenant in your one rental that don't pay rent with a government that still wants its property tax. Stocks have done EVEN BETTER as this total return chart shows. I'll email you a 3-page PDF table of total return vs asset class I recommend and/or track for index funds in my core portfolios back to January 1, 1999... you can see REITs blow ALL the others away over that period with an 848% total return vs 449% for the S&P 500. My REIT fund was up 27.35% for 2021 on the date I made the table... Perhaps it will peak out and regress to the mean, but unlike gold or stocks, owners of real estate can actually enjoy their properties AND many make nice incomes. Friends with vacation homes in Maui can rent them out 50 weeks a year at a great price (especially now where people avoid hotels) then use them for 2 weeks and get complete business write offs.