I recently added Altria to my portfolio citing the transformation of its business and low valuation. Unfortunately, it turned out to be a falling knife, with the stock falling almost every day since I bought it. The concerns are threefold; high debt, declining cigarette sales, and a vaping ban. Over the past several months, there have been an … [Read more...]
International Opportunities
It seems like every time I turn on the news I see the U.S. tearing itself apart. The media and politicians are so hell bent on destroying President Trump they’re willing to risk war to do so. On the ground level, most of my millennial peers worship socialism or some other form of left-wing totalitarianism. Unfortunately, I don’t exaggerate as … [Read more...]
US, China Make Trade Progress
Shortly after the market topped off in January, we had a nonstop barrage of negative news. Interest rates were rising, there was political turmoil, and a brewing trade war with China. Today, interest rates are still rising, and our political system is a mess. However, it appears as if the Trump administration came to an agreement with China and … [Read more...]
Trade War?
For the past month we’ve experienced a roller coaster ride of volatility because of a potential trade war. The Trump administration recently slapped broad based 25% tariffs on steel and 10% tariffs on aluminum. Even though most countries are exempt, large trading partners like China are not. China has since responded by adding tariffs to a … [Read more...]
Braving the Storm
On Wednesday the Dow dropped 373 points, the largest decline since September. This was due to a swirl of negative headlines surrounding the Trump administration. The concern was whether or not Trump would be able to act on his pro-growth agenda given the controversy. In reality, the Russia investigation has no merit. Even after a year of … [Read more...]
Investing in a Trump Administration
Earlier I endorsed Donald Trump for President. My reasoning in endorsing Trump was not motivated solely by economic factors. I focused on the need to restore law & order, repeal Obamacare, and rid ourselves of corruption. With that in mind I must acknowledge the risks and rewards associated with a Trump administration. Historically, the … [Read more...]