Greek to me

Early interesting Cars:

 Many invested in the '40s Tucker car (the center headlight moved with the steering wheel)  Below was the sales brochure:

For today:
Sherry & I know nothing of stocks. I have read the Wall Street Journal, or parts of it. I admire and am amazed at people who understand the ‘WORLD MARKET SYSTEM’ and what controls it (remember Alan Greenspan?). Please don’t leave me, take a few seconds to read the following words. Don’t spend time to analyze it unless you can tell me what it means in a few words. From NEWSMAX FINANCE GROUP:

The Dow Jones Industrial Average fell 14.72 points, or 0.05%, at the open Wednesday to trade at 27,320.91, Reuther’s said.

Federal Reserve Chair Jerome Powell reiterated a pledge to “act as appropriate” to keep the U.S. economy humming in a speech on Tuesday that validated expectations that an interest rate cut is on the way,  Reuters reported.

Many Fed officials said at their most recent meeting that their concern over a U.S. trade war and weak inflation “strengthens the case” for “somewhat more” stimulus, Powell said.

Markets regard a rate cut as a certainty after policymakers’ July 30-31 meeting.

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That is GREEK to me. I know it is about interest rates, it does affect my thinking because granddaughter Sherece is hoping to buy a home soon.

We have life insurance thru NY Life, and I know they are backed by investments, but my daddy once told me, ‘Never play the other guy’s game.’

On my first ship I was invited to learn to play ‘Poker’. I knew what cards were, but I had never held a deck, it was a sin (yeah I was raised under a rock). Jack learns slow, but LEARNS. I lost money I could not afford, but as ‘MA’ said in her blog, ‘We learn from our mistakes!”  I never again played poker.

I know dreamers hope to find that stock for $1 a share and like Microsoft, it goes to hundreds$.  Son Mark (who knows nothing of the market) once bought his family a couple thousand$ each in stocks on a broker’s advice. He lost it all. He did learn an expensive lesson like his dad.

 

I honestly wish I understood those few paragraphs above, but I know I never will.  I still read the stuff, and have no idea why!

We have bought guaranteed US Bonds, one a month for years. We made the down payment on a home with them. 

We gave USBonds as Christmas presents to the grands. If you are an investor in stocks, I hope you make thousands even millions.

Nite Shipslog