It’s getting closer. And the closer it gets, the more people wonder and/or worry about what effect the election may have on their portfolio. For those of you who have been with us a while, I think you know what’s coming. But a little reminder never hurts. And for the newbies, behold the power of the markets! The S&P 500 has averaged about 10.4% annualized since 1926. Now look at the averages at the top right. Nothing out of the ordinary, right? Even a bit better, particularly during the election years (coincidently, this year too). Whether it’s the year of …
Scam Alert
A client just got this email (the circles are ours, of course): It is not from Charles Schwab. Nor has Charles Schwab been hacked. Scammers target companies like Schwab due to their ubiquity. Think Apple, Amazon, FedEx…they are all so big and so widely used that scammers just hope you use these companies and believe the email is real. The signs of a scam are typically glaring, and are so here. The email address is clearly not Schwab. They say the same thing twice in a row at the bottom. And the grammar and capitalization in the middle is worse …
Frequently “Oaked” Questions: Nvidia
You Asked, So We’ll Answer FOQ: What’s going on with Nvidia? It’s all you hear about these days. Short: Nothing of consequence Long: It’s a tech stock that’s fresh off a stock split and a wild ride in value that made it the biggest public company on the planet (until Microsoft took back the crown). Here’s the last 20 months: FOQ: Is a stock split good? Short: Doesn’t matter Long: A stock split is done to increase liquidity. In this case, each stockholder received 10 shares for every 1 they owned. Consequently, the price was also adjusted by the …
“You’re So Random!”
John’s little cousin would say that to him quite a bit. He’s still not sure what it means after all these years. Hopefully it’s good. He’s too old to know. You know what else is old? The market. It’s been around longer than anyone reading this. Since its birth it’s been the definition of random – or in other words, patternless. Look at the last forty-five years below. The dots are yearly returns of the market. The lines are the high and low points in that year. Now try to find a pattern. (But don’t try for too long, because …