Welcome to Christian Forums, a Christian Forum that recognizes that all Christians are a work in progress.
You will need to register to be able to join in fellowship with Christians all over the world.
We hope to see you as a part of our community soon and God Bless!
No...but I watch them as they relate to commodities that those nations produce. For example Australia has lots of mining...things like copper, gold and etc. Brazil's Real is important for things like coffee, cocoa, cotton, sugar and ethanol and steel production. Canadian dollars are important for things like rough lumber futures, gold, and oil used for plastics. The exchange rate also affects futures contract prices which in turn means that some companies are going to do well with the products they deal with and causing futures to go up.@JohnDB do you do trade currencies?
Sold Apple and Google, as well as some ETF'S that were heavy in tech and internet. Googl has been making very modest gains recently, but not enough to keep me interested.
This is about 25% of my portfolio, and its been losing consistently. Apple, Microsoft, Facebook... All have been in the news lately and its not been good press. These sales are going to take 2 days to materialize because I am with Stash. That being said, the sales may not go through till Monday.
I own some CVS which is real hot right now off a good earnings report and news that they are stepping up with vaccinations. I might add to that while its hot (up nearly 13% in the last 2 days). Watching BJs too. Then again, I am looking at oil and also bonds... Bonds are lazy and slow but at least they are stable!
Foreign markets are also interesting... But India seems to be in turmoil with Covid. The far East has China being "China". However... All seem like better options then big tech like Apple, Facebook and Microsoft right now.
I am glad to see my silver mining shares finally rising, after it dropping a little and then riding near level for a little while.
Which brings me to another subject.
Ethics in trading.
Silver mining shares up 10% today so far, woohoo!
I'd like to talk about cannabis. Nope... I don't smoke pot nor am I an advocate (up to a point). Not going to lie and say I never did, but its been literally decades.
There is a lot of talk about it in the world of the stock market and you can actually invest in companies.... Many of them are in Canada.
I will give you my take on it first, then the reasoning. Its not something worth investing in right now.
First off, let's tackle the morality issue... After all, this is a Christian forum. There is a lot of propoganda about all the wonderful things mary j can produce: paper, rope, skin care products, medicine, and so on. Great... But its being grown mainly to be smoked. Or am I wrong?
Oddly, while I am not advocating its recreational use, I don't always object to it. First off, I enjoy a good beer every now and then and wine as well. I would be a hypocrite to condemn marijuana use if I drink for the same reason.
Second, I have a very dear Christian friend with a very disabiliting disease. Its literally killing her and is very painful. I don't know if she smokes, but I suspect she does... And if it eases the pain then I consider it medicine. The Bible says to give strong drink to those that are perishing. I see it as the same thing in principle.
Should it be legal? I believe so. I am against govt telling us what we can and cannot do beyond what is reasonable.
Regardless, it is an illegal drug in most states. That makes it not a good investment. Eventually, I do believe it will fully be legal, but 15-20 years down the road. I am 51. If I can amass any kind of nest egg before I retire, I don't think cannabis will be profitable for me. Bottom line is that I don't believe it will be profitable until its fully legal. Even then, why buy from a store if you can grow it on your own?
MJ is an ETF for cannabis... Its pretty flat lined or declining. Its trading now at $20 and long ago it was at $33. Its not growing despite all the hype and despite that more and more states have partial legalization.
Like I said, I do enjoy a good beer. But beer isn't that good of an investment either. The have their spikes, but it really doesn't trend upward. I don't see cannabis doing anything different.
Even if it does increase (which eventually it will do), shall I pull my limited capital out of solid investments for it? I think not!
Thoughts and comments appreciated.
Might want to take profits today...It isn't looking good for the short term on it...and pick it back up here in a bit when Silver bottoms out.I am glad to see my silver mining shares finally rising, after it dropping a little and then riding near level for a little while.
Might want to take profits today...It isn't looking good for the short term on it...and pick it back up here in a bit when Silver bottoms out.