Here’s a retirement strategy: Bet against Wall Street honchos, get rich MarketWatch 1 day ago
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Video: 5 Investment Ideas Outside of the Stock Market (Real Simple)
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Well, it looks like my dream of retiring early and rich on the backs of the crypto mania is going up in virtual smoke.
shocked, that the governments of the world’s two biggest economies are cracking down on a financial product tailor-made for money laundering, tax evasion and crime.
(The offshore mafia that hijacked the Colonial pipeline, causing so much chaos and misery across the Southeast, used bitcoin to collect their $4.4 million ransom. But
3 Monthly Dividend Stocks Yielding Up To 7 7% forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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The recent tech swoon might seduce you into thinking now is a good time to load up on names that seemed prohibitively expensive just a few months ago. For example,
Tesla (NSDQ: TSLA) has dropped by a third since peaking at $900 just two months ago.
However, even at a reduced share price of $600, TSLA is valued at 156 times forward earnings.
Amazon (NSDQ: AMZN), down 10% over the past six weeks, is trading at 60 times forward earnings. Those stocks may be a lot cheaper than they were, but that does not make them cheap.
With the stock market at record highs, it is difficult to find growth stocks at reasonable prices. However, there is one sector of the market that appears undervalued to me. Even better, it may be about to get a $2 trillion infusion of cash from Uncle Sam.