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Well, in what might be a blessing for you all, today’s letter is going to be considerably shorter than usual. The topic I wanted to chat about today and that I did a ton of prep work on, got hung up, because I wanted to include an ‘actionable” step for you guys to take.
Trading the Election
I don’t know how many of you are active investors. I don’t know if you are active traders, or just happen to read our articles to get a sense of what’s happening behind the scenes.
On August 31st, Both Tesla and Apple will be splitting their stock. With TSLA it’s a 5 for 1, and with AAPL it’s a 4 for 1.
This is interesting and actually fun for a change. See, way back in the 90’s, companies split their stock a LOT. In fact, stock splits were so popular and so many people “chased” them, that we actually sold a product devoted to stock splits. It was literally a phone pager. When a split was announced, we’d send an alert to our paying subscribers, which told the company symbol, the type of split and the date.
Don’t Underestimate This
I know, I know, I’m supposed to write about markets and gold and making money and yada yada. But trust me, none of that matters if what I see coming down the pike keeps escalating.
Over a year ago, I said this country was going to be in a civil war. We’re in the beginning stages of that war right now. You might think the 60+ days rioting and looting in Portland and the rioting/looting we’ve seen in Detroit and Chicago is just going to simmer down. Go away. Return to normal. It is NOT.
Last weekend I wrote an article about the metals. Yes, I still love them, yes I think they’re going higher, and I spelled out some of the reasons for that. Things like the Fed’s taking their balance sheet to 7 trillion in months, things like a new cold war with china, things like the incredible impact of Covid on the world’s economies.