07-JULY 21-2020

                                                                                Good morning.

CRISIS ,,, What Crisis..
Q: “Why do customers need our products?”

News came out from AstraZenica, CaSino Biologics and Pfizer of safely administered potential vaccines that resulted in an immune response.
Whether the vaccines will achieve a level that will be needed or will prevent asymptomatic trans-mission is unknown, but the progress stole some of the thunder from Moderna’s announcement last week.  While a vaccine is still a ways away, the continued drip of news of positive test results is net positive for equities in a very uncertain time.

Now here’s the rest of the news:

This Opens the Floodgates to the ‘New Nasdaq’ by Brian Tycangco
Few saw it coming.  But many folks have made money from it anyway…
I’m talking about the recent – and seemingly unstoppable – bull market in technology-related stocks.
The tech-heavy Nasdaq Composite Index is up 27% over the past year.  That compares with a 2% drop in the Dow Jones Industrial Average, and a paltry 7% gain in the S&P 500 Index.
Tech stocks are doing extremely well for a good reason…
The coronavirus pandemic either shut down or severely impaired most of the economy.  The only thing keeping the gears turning – and consumers spending – has been technology.
People avoid brick-and-mortar stores, but they still make purchases online.  Working from home is no longer the exception to the rule – and it’s only possible through technology.  Even video games are experiencing an unprecedented surge in demand, as tens of millions of kids – and adults – stay home.
As a result, even as “old economy” companies struggle, growth is taking place elsewhere.  And U.S. investors have been able to capitalize on this growing trend in use of technology.  But the U.S. isn’t the only country where the use of technology is growing by leaps and bounds.  China’s use of technology is growing exponentially, too.  Let me explain…  Thanks for clearing that up, Mr. President

China’s rate of tech adoption, in many aspects, sur-passes that of any other country in the world.  Already, 20.7% of Chinese retail sales took place online before the pandemic struck.  That’s roughly double the level in the U.S.  Most of the Chinese living in cities no longer carry wallets.  Instead, they use their smartphones to pay for everything via their WeChat or Alipay mobile apps.  They can even buy cars – and have them de-livered – through their smartphones!  Whether that’s a good or bad thing, it’s eons ahead of the way most Americans pay for things on a day-to-day basis.  China is also leading the world in things like online health care, robot deliveries, cashier-less supermarkets, and self-driving cars.  Still, when it comes to the stock market, Chinese tech stocks are far behind the U.S.  This part of the market has yet to fully reflect these eye-opening realities.

But that’s about to change…
About a year ago, China launched the STAR Market, an exchange patterned after the Nasdaq.  (In fact, my colleague Steve Sjuggerud dubbed it the “New Nasdaq” for just this reason.)  It was designed to give China’s most innovative and promising technology companies a place to list their shares and raise capital for expansion.  The STAR Market started with just 25 companies making initial public offerings (“IPOs”), with a combined market capitalization of less than $100 billion.

The first day the exchange opened for business, the average IPO gained 140%.
Today, almost a year later, nearly 120 companies are listed on the STAR Market.  Their combined market cap exceeds $300 billion.  And there are over 300 more companies on the launching pad, waiting to get listed.

July 21, 2019

If becoming rich is part of your dream – and there’s no reason why it shouldn’t be – just be careful you don’t confuse rich with living a rich life.  I think we should all become financially rich.  If we are, we can give more to our families, our communities and our world.  But it’s living a rich life that should be our primary objective.
A rich life is created by being more concerned with who you become than what you acquire.  It’s created by clarity of purpose.  And clarity leads to power.
If we were sitting across from one another, here’s what I’d ask you: “What’s the most important goal/dream/mission in your life?’

Mine, and I believe my wife’s, is to spend ½ our time in Newfoundland; living the ‘good life.’

So the short version of our conversation goes like this: what do you want, why do you want it and what are you willing to do to get it?  These are questions you need to constantly be asking yourself.
If you do – if you take the time to think and ponder the answers, you’ll gain greater clarity, more fulfillment, live longer and feel better.  You will live a rich life.
I’ll close with this quote from Mary Wollstonecraft Shelley:

“Nothing contributes so much to tranquilizing the mind as a steady purpose – a point on which the soul may fix its intellectual eye.”

P.S. The other 50% of our time?  The Canadian Rocky Mountains look great to me!  😉

July 21, 2017

Snapz002

“Oh, I never thought of it this way.”

Job security?

That means one person has 100% control of our income, and 100% control of our time.

Maybe we should ask ourselves, “Does this feel good?”

REW

IMG_0712
Come From Aways, Do You?

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