Back in the late 1960s, my father thought it would be a good idea to purchase a stock in my name. There was a tool called the Uniform Gift to Minors Act (UGMA) that allowed him to open an investment account in my name and fund it with some money. As the trustee of this […]
Continue readingAuthor Archives: Thomas Lapp
June 2020 — The Recovery of the Economy?
I saw an article in the Atlantic Monthly that was very doom and gloom and indicated that the pandemic is going to cause an economic collapse. It basically says that the banks have gone back to the off-balance-sheet investments like they did with mortgages in the past, except this time it is with packaged up […]
Continue readingDelaware AAII Investing SIG April 2020 Report
Well, here we are in April. Since the group has not met since February due to the pandemic, we have nothing more to report in terms of the meetings. In fact, the does not have plans to meet online for now. So this will be the last report until we restart the group at some point in the future when it is appropriate to gather 15-20 people together and the local library allows us to meet in their facility.
Continue readingDelaware AAII Investing SIG March 2020 Report
March was a terrible month for the AAII Delaware Special Interest Group as we were hit with a one-two punch. The first punch was the market drop (and what later turned out to be bottom) on March 23rd resulting in all of our stop-loss triggers being sprung.
The second punch was that because of the closing down of the economy, including our regular library meeting place, we had no meeting to review our stocks.
Continue readingMarch 2020 Drop in the Markets
So far it’s not been a good March in 2020. Okay, so perhaps that is an understatement. Headlines continue to push the news that the “Markets” are dropping huge numbers such as the 3/9 2000+ point drop in the Dow Jones Industrial Average — which is the largest point drop in the history of this […]
Continue readingDelaware AAII Investing SIG February 2020 Report
Let’s see how our paper portfolio did this past month.
With the market peaking, several of our stocks exceeded their goal, but then had dropped back down below that by the time of our meeting. The result was that we didn’t have any decisions to make at that point. We did have Microsoft (MSFT) pay a dividend, but that was it.
Continue readingDelaware AAII Investing SIG January 2020 Report
One of the fun things we do at our meetings is have a presentation on a topic of interest to the group. This month, member Andrew gave a presentation on what he called “Friendly Investing”. He takes the interesting view of stocks as though they are your friends. First you check them out a bit […]
Continue readingMarket Review and Status — End of 2019
As 2019 comes to a close, let’s take a look at the year in review and see what my cracked crystal ball has to say for 2020. As you may recall the end of 2018 started out quite scary with a large drop in the market in October, down again in November and then a […]
Continue readingDelaware AAII Investing SIG December 2019 Report
One of the areas of investing I’ve become involved with over the past year and a half has been an AAII (American Association of Individual Investors) special interest group that meets very close by. Many of the AAII activities are much further away (1/2 hour to 1+ hours with traffic), so when they started a […]
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