I don’t miss too many days writing my morning note … so missing a few in a row is an absolute rarity … but a little bit of turmoil recently interfered with my morning rituals … writing among them.
When I joined a fraternity many years ago, my fellow “pledges” and I were put through something called “hell week” which, in retrospect, was done for some sadistic and unknown reason. With the passing of a storm on Halloween night, I ran into an adult version of hell week … with downed power lines, 2 AM electrical fires right beyond property line, no electricity for four days, wi-fi and phone just re-installed this morning (a week later) … and a forced introduction to the local hotel (as I am ever thankful for having saved up my Marriott points).
Fortunately, I think I am back close to normal … and a bit more aware of the many things around me I too-often take for granted.
That being said, most investors are certainly not having a hellish day at all as markets are up on the back of some positive news surrounding the China/U.S. trade situation. Still, the devil is in the details and although some announced tariffs are being “rolled back” … it remains to be seen what the “tariff scorecard” … a phrase I just made up … will look like as the negotiations move along in the months to come.
I had an interesting conversation with a colleague last week as we tried to figure out all the things we sign up for as a “free trial” … only to get hit with a charge somewhere down the road as we get too busy to cancel our subscriptions. I have to get a better handle on this … as I recently noticed charges on Hulu, Netflix, Prime Video, GoDaddy and a variety of music services … many of which I don’t know if I use or not. Technology is great … but I sometimes would like the world to slow down a little so I can catch my breath.
On a final note, a reader contacted me and asked if I was that much of a sore loser that I didn’t acknowledge the New York Met rival Washington Nationals winning the World Series.
So … here you go …
Congratulations to the Gnats.
Have a great day,
Joseph G. Witthohn, CFA
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
Direct: (610) 285-9905
… as of 11:14 AM today …
Quick Look at the News
Investors are quite happy today (something we hope lasts a while) ... as there is new hope that China and the U.S. will roll back some tariffs (CNBC)https://www.cnbc.com/2019/11/07/stock-markets-wall-street-in-focus-amid-us-china-trade-deal-hopes.html
... but stocks are not the only way for investors (or non-investors) to be better off. It might be a good idea for those with student loans to explore if refinancing makes sense now ... as rates have dropped (Forbes)https://www.forbes.com/sites/zackfriedman/2019/11/06/refinance-student-loans-rates/#5acdd8dc1471
...while another way is to just stop throwing money away needlessly. To combat this it might be time to explore your "free trials" ... which you forgot to close ... as you might be paying dearly (FoxBusiness)https://www.foxbusiness.com/money/free-trials-costing-americans-fortune
We all would like to believe that the plastic we use gets "recycled" when we carefully place empty bottles in a blue container ... but that might not be the case at all (Lifehacker)https://lifehacker.com/should-you-even-bother-recycling-your-plastics-1839640349
Longevity has decreased recently ... but that doesn't mean you should throw in the towel (and run out for fast food). Individuals can extend their life span by following some rules (WellandGood)https://www.wellandgood.com/good-advice/blue-zone-power-9/
One of the most important business moves to make is to learn how to give a good, solid presentation. It takes practice and study ... but not too much ... and this might help (Inc)https://www.inc.com/scott-mautz/how-to-nail-every-presentation-according-to-teds-top-speaking-coach.html