It’s Friday and it was a wild week
Things have been happening so fast, it’s hard to keep up. The Strait of Hormuz is open (we think) and oil prices by the barrel are coming down. I don’t know if that’s reflected at the pumps yet. I’ll find out tonight or tomorrow when I go to fill up my tank. But the crazy memory chip thing has been wild. Micron went up, and then down and then back up again. It’s going down this morning! And I don’t mean down 2 dollars. It’s down about 60 right now. It’s had big swing after big swing all week long. Makes me nuts!
Today, being Friday, all the tech stocks and AI related stocks are down. This is what the sector tracking looks like this morning.
1.49% Communications
1.67% Consumer Discretionary
1.17% Consumer Staples
0.00% Energy
0.76% Finance
2.84% HealthCare
-0.90% Industrials
-0.32% Materials
1.16% Real Estate
-1.58% Technology
0.69% Utilities
You can see that technology Materials and Industrials are all down. That’s because they are all AI related. Some advisors are saying this is because OpenAI has delayed their IPO and that signals doom for AI. Get real! It can’t be that, can it?
Google and Amazon were going down all week, and today they are up while AMD is down 15 and Intel and HPE are both down about 10. Nvidia is down a couple of bucks while Micron is down 40 something now. It just keeps changing as I watch.
We’ll have to see where it goes when the market closes.
I’m thinking all the time
I found out that another investment opportunity is in Municipal Funds. I can get into my states’ municipal fund, and any distribution is done tax free. Not federal or state taxes are taken from the distribution. That’s handy. I am trying to find good ways to increase my cash flow. Social Security and my little annuity are just not going to cut it anymore. Inflation is hitting us pretty hard these days.
Everything is more expensive and my income hasn’t gone up, so I have to find a way to get more cashflow. I mean it flows out pretty easily, but I need more flowing in! I think I need to redistribute my investments to generate income. That’s going to be a tough issue. I have some investments that pay dividends but it’s only about 100 dollars a month and actually they get paid (mostly) quarterly. So, it’s a long-time in-between payment.
It’s just that some of my stocks, I am emotionally attached to. You know? I really like owning some of them even though I should probably sell them and buy something different. But I don’t want to because I like owning them! Does that happen to anyone else? If I just had lots more money to put into certain ones then I would feel better but right now the only way to get more money is to sell something. Kind of like how my mom used to tell me that if I wanted to get something new, I had to get rid of something else to make room for it.
Now I have to sell something if I want to buy something else. And I have to make myself do it. No mom to blame! Being an Adult has its challenges!
It’s the bubble! The Sky is Falling!
Come on people. It seems like people in the news media are just clamoring to be the one that gets the bubble burst news first. So they say it every time a stock goes down. Calm down. Just watch and wait. So many people just want to be the forecasters of doom. Where are the optimists? Where are the serious investors? It’s just a bit crazy out there.
But anyway, I can’t help but notice that my healthcare stocks are going up. Not as fast as the tech stocks are falling but enough. I imagine that by the closing bell, things will even out a little bit. But it is Friday. The market likes to close down on Fridays. I guess so Monday looks good!
