The weekend reads: After Tesla and Apple, more stock splits are coming and they can help you make money
When company stock prices rise very high, some consider dividing stocks so that lower prices attract more investors. This can be positive for long-term stock performance.
Tesla Inc. TSLA,
will split its stock 5 for 1 on August 31 and Apple Inc. AAPL,
will complete a 4-to-1 split on the same day.
Mark DeCambre explains why stock splits often turn out well for investors.
Kamala Harris and the markets
Joe Biden has appointed Senator Kamala Harris of California as his running mate. DeCambre looks back on Harris’ political career and links it to the expectations of professional investors.
How should an investor vote?
There is a lot of time before election day for voters’ opinions to change. For now, Joe Biden is leading the national presidential elections, the Senate looks like a toss-up and the Democratic Party seems likely to keep control on the House of Representatives, according to RealClear Politics.
Shawn Langlois examines data showing how the stock market performs when a party controls the presidency and both houses of Congress, and when those powers are divided, while considering policy changes that may be made after the 2020 election.
Here are his findings on how best to vote Republicans and Democrats to protect their pips.
Have you tried timing the coronavirus crash?
The S&P 500 SPX index,
hit a closing record on February 19, then fell 34% to the low point of the pandemic on March 23. Since March 23, the benchmark has risen 51%. It is still slightly down from the February 19 high, but is now up 4% for 2020 (through August 13).
According to Vanguard, only a small percentage of its investors went completely into cash between February 19 and March 30. Here’s how they got away with it.
How to deal with a “tremor of life”
According to Bruce Feiler, author of “Life is in Transitions: Mastering Change at Any Age,” major life transitions tend to add up, leading to intense and difficult times. He shares tips for people of all ages to get through tough times in an interview with Richard Eisenberg at NextAvenue.org.
Is the dollar doomed?
At a time when the federal government is spending billions of dollars in extra money to help people and businesses during the COVID-19 pandemic, and the Federal Reserve is clawing back government-issued bonds to pay for this incredible effort, the masses monetary has increased enormously. Thus, the WSJ Dollar Index BUXX,
was significantly lower from its March high.
This led to renewed interest in a possible change in global finance – an abandonment of the dollar as the world’s reserve currency. Steve Goldstein explains why the falling dollar actually strengthens the dollar as a reserve currency and what bearish dollar investors overlook.
“Something from Gilligan’s Island” for a couple from FIRE
In November, Brett Arends interviewed a couple who retired from their hedge fund work and decided to live on a sailboat. They spent three months in coronavirus containment with other sailing enthusiasts in a deserted cove in the Bahamas.
Why own bonds when interest rates are so low?
Mark Hulbert gives bullish arguments for holding bonds now.
Dr Fauci’s words of wisdom
Dr Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, offered advice for reopening schools during a live Facebook chat with Rhode Island Governor Gina Raimondo. He also said herd immunity was not an option for the coronavirus during an Instagram interview with Matthew McConaughey.
Fauci also informed Americans that any COVID-19 vaccine is likely to have significant limitations.
Also:CDC director warns America will experience “worst fall … we’ve ever had”
The Moneyist helps in a delicate situation
Quentin Fottrell – MarketWatch Moneyist – helps a woman whose mother contemplates a complicated estate plan, not only for practical reasons, but by reminding us of how important empathy can be.
A stock tip
Here’s how to act like a cynical Wall Street investor when there are COVID-19 vaccine rumors.