November 10, 2022

Thursday, 10th November 2022

Hello everyone,

Hope you are all doing wonderfully well.

First, let’s be thankful on Remembrance Day.

There is a lot to get through today, so let’s get straight to it.

John has updated his Long-Term portfolio.

Here it is in a nutshell:

ASSET CLASS

Energy 0%

Biotech & Pharmaceuticals 20%
Bristol Myers (BMY) 5%
Amgen (AMGN) 5%
Eli Lilly (LLY) 10%

Technology
Google (GOOGL) 5%
Apple (AAPL) 5%
Amazon (AMZN) 5%
Square (SQ) 0%

Banks 20%
JP Morgan Chase (JPM) 5%
Bank of America (BAC) 5%
Morgan Stanley (MS) 5%
Goldman Sachs (GS) 5%

International (Long Countries)
Alibaba (BABA) 0%
iShares MSCI Emerging Market ETF (EEM) 10%

Bonds
(SPDR) Barclays High Yield Bond ETF (JNK) 15%

Foreign Exchange
Aussie$ (FXA) 10%

Commodities
Freeport McMoran (FCX) 5%

Precious Metals
iShares Silver Trust (SLV) 5%

Agriculture 0%

==========================================================

ENERGY 0%
Healthcare 20%
Technology 15%
Banks 20%
International 10%
Bonds 15%
Forex 10%
Commodities 5%
Precious metals 5%
Agriculture 0%
Total 100%

Items in red have either been added or deleted recently.

Print this out and stick it on your fridge or on the wall in your office. It will remind you where to park your funds when we have a good entry point. We have had plenty of them recently.

Market rallies 1200 points today as light inflation data hits the airwaves. Even a sniff of lower inflation will get the market feeling jolly. But we can’t break out the champagne yet, I’m afraid. There are still challenges ahead.

It’s all gloom and doom in the house of FTX. There is a litany of reasons this company fell down the well. No board of directors, very poor management, in fact, no real management. Just a hope-for-the-best attitude thinking there would always be an endless pit of funds for anything and everything. Trading could be halted within days. At the time I am writing these withdrawals are still open. Binance offered to help in the bailout, but then quickly thought better of it. FTX has an $8 billion hole. No one would want to touch that in their right mind! Expect more regulation of crypto companies going forward after this mess. And expect cryptos to continue falling before the dust settles.

Next week, I will summarize John’s newsletter which looks at Ten Trends to Bet the Ranch On.

Have a fabulous weekend.

Cheers,

Jacque

P.S. Don’t forget to subscribe to my Post on John’s site. Complimentary period has ended.

If you set goals ridiculously high and it’s a failure, you will fail above everyone else’s success. - James Cameron

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