News from johnpatrick.com

Naked Ballots

We are seeing a lot of news about naked ballots. The media tends to make it political. Naked ballots have nothing to do with politics. Voting by mail is new to millions of people and many don’t read the directions. The first step is to fill out the ballot with your choices by filling in the ovals (not circling or checking them). Then you put it in the secrecy sleeve. Its just a plain envelope. You then put the sleeve in the larger envelope, sign it on the outside, and mail it. If you follow those simple steps and USPS delivers it on time (likely), your vote will be counted. The secrecy sleeve protects your privacy.

Wall Street and the MAGFA Stocks

My MAGFA index, rose 5%. The big winner otherwise was Zoom, trading above $500 and market cap rising 13% to $141 billion. 

John’s MAGFA Market Cap (09/26/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$208$1.6$1.5$1007%
Apple$112$1.9$1.8$1006%
Google$1,445$1.0$1.0$00%
Facebook$255$0.7$0.7$00%
Amazon$3,095$1.6$1.5$1007%
      
Total $6.8$6.5$3005%
      
S&P 500 8/31/2020
 $28.9$28.9  
      
MAGFA/S&P 500 23.5%22.5% 5%
      
Bitcoin$10,741$198.0$201.0-$3-1%
      
Boeing$156$88$91-$3-3%
Royal Caribbean$65$14$14$00%
Tesla$407$380$412-$32-8%
Uber$34$60$65-$5-8%
Zoom$497$141$125$1613%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

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