The following is from the comments section of last Sunday’s Kelly Letter. Q. Subscriber Kenneth asked: What happens if the QQQ loses 34% in a day? Does TQQQ go below zero? A. I answered: It would bottom somewhere just above zero, effectively eliminating the investor’s position. However, this is unlikely to happen. From “Research Behind […]
Author Archives: Jason Kelly
My Weimar Reference
My reference to Weimar in last Sunday’s Kelly Letter confused a number of readers. Allow me to clear it up. I wrote: “…a contingent of economists staking careers on inflation warnings willfully ignored, and ignore, assurances from the Federal Reserve and other central banks that it is transitory. It makes perfect sense why early data […]
Posted in Inflation
Comments closed
CLM Is No Panacea
I wrote in last Sunday’s Kelly Letter about a closed-end fund called Cornerstone Strategic Value (CLM $11.50 -2% YTD). It’s one of many securities I’m auditioning to play a part in an Income Sig strategy for retirement. Please remember that this is a research phase. None of the funds I’ve referenced is a recommendation. I […]
Tech is Rested and Ready
Since March 20, 2020, the Nasdaq 100 has risen 95% compared with 82% for the S&P 500. Year-to-date, however, they switched leadership positions: Price Change Since 3/20/20 (%) – – – – – – – – – – – – – – – 95.3 Nasdaq 100 82.1 S&P 500 Price Change Year-to-Date (%) – – […]
Posted in Technology, TQQQ
Comments closed
Yes, You Can Retire On $1M
On Monday, Maryalene LaPonsie asked in US News, “Can You Retire on $1 Million?” She quoted a New York City advisor, Brent Lipschultz at accounting and advisory firm EisnerAmper, saying $1M would last about 20 years. Drawing on data from the Bureau of Labor Statistics, which shows that people age 65 and older have annual […]
Posted in Income Sig, Retirement
Comments closed
