One hour rebound: Apple stock from 7:45 AM - 8:45 AM, Sept 4 2020 - one hour work

 Sept. 4, 2020

Introduction

It is hard for me to measure the risk to purchase Apple stock when the price goes down. But in reality it is best time to train me to learn the market, I should sell Intc stock and WDC stock, and then purchase Apple stock at 7:45 AM. 

One hour rebound

When I watched the drop of Intel stock and MSFT stock this morning, I like to take some risk to bet on rebound, so most risk of stock is APPLE, since it gains 20% in one month of August. It is insane. 

I like to learn the lesson of crazy market, and learn how to take some bet in one hour to help me make some profit. 

Because there are so many institutional buyers, it is hard not to form a trend in such short time period. It is hard for a beginner to take advantage of it. But I will try next time. 

It is better to purchase Apple stock, MSFT stock and avoid TLSA stock. But in reality, the one hour time period is quick and fast, in theory it should be safe as well. 

Institutional buyers are all acting on same principles. 

BCI Investment Management Victoria, British Columbia

 Here is the link. 

Overview

BCI offers an exceptional opportunity to work at a world-class organization while living in a west coast setting. We are a significant institutional investor whose investments span the world. With $171.3 billion of managed assets, British Columbia Investment Management Corporation (BCI) is a leading provider of investment management services within Canada. Our major clients are pension plans, and the work that we do helps to secure the livelihoods of hundreds of thousands of people in their retirement. Our success depends on our high-performing employees. The people who work at BCI are committed, passionate, and approachable. They aim for continuous improvement and share BCI’s core values of clients and BCI first, performance focused, world class, accountability, transparency, and integrity. We are currently expanding our team and our skill base to equip BCI for the future.

Website

https://www.bci.ca/

Industry

Investment Management

Company size

501-1,000 employees

2,033 on LinkedIn

Lesson for a beginner: Stop loss on my position

 Sept. 3, 2020

Introduction

I spent two hours in the morning to watch the market, but I do not learn that I should set up stop loss for my Intc stock 200 shares. So the loss is $500 dollars. I should learn from today that I should set stop loss as a beginner. It is easy for me to set up stop loss, and it will save me hundreds of dollars loss, and it saves my time to make those money in the market as well. 

Sept 3 2020 - INTC over 5% loss

Stock investor: My mistakes as a beginner

 Sept. 3, 2020

Introduction

It is the day the market has a big correction. MSFT stock has 6.2% loss, intc stock has over 5% loss. I did not learn how to stop loss this morning, I chose to purchase 100 shares of WDC and 7 shares of MSFT. I should stop loss at price of $51.9 with MSFT stock. So I like to look into mistakes a beginner makes and lessons I should learn from. 

Stop loss

Lessons I should learn

I should set stop loss on my 200 shares of INTC position. If there is more than 3% loss, then the loss is $300 dollars. I should sell the positions to cover the risk of big loss. 

Stock correction: MSFT over 6% losses - Sept. 3, 2020

 科技股跌势惨重，苹果股价跌7.1%。美联社

美股三大指数4日盘中跌势加剧，均跌逾2%，那斯达克综合指数更跌约4.8%，可能写下6月来最差的单日表现，主因是投资人持续抛受科技股，同时经济数据又引发投资人忧心这波经济复苏将漫长而颠簸。

道琼工业指数盘中跌2.5%（721点）至28,379.37点，标普500指数跌2.9%或105点至3,475.54点，那斯达克综合指数暴跌4.8%（574点），报11,482.22点，费城半导体指数跌5.6%至2,237.46点。

科技股跌势惨重，苹果股价跌7.1%，特斯拉跌8.4%，亚马逊跌5%，台积电ADR跌3.7%，脸书、Netflix、Google母公司字母都跌4.6%-6.2%。

分析师认为，这波跌势的部分原因可能为投资人获利了结。嘉信理财（Charles Schwab）交易与衍生性商品部门副总裁Randy Frederick指出，一些股票已太贵了，虽然这波抛售卖压的肇因还很难说，但偏重科技类股的那指表现已经领先很长一段时间，人们可能把此视为获利了结的机会。

美国上周首次申请失业救济金人数虽减少，但还是比正常时期还多，市场将密切关注周五出炉的8月就业报告。

Actionable Items

I should set stop loss on my Ameritrade.com account. I have 200 shares of Intel stock, and this morning I did stop loss at $21.90, and instead I chose to purchase 7 share of MSFT and 100 shares of WDC. 

I need to learn to take profit, and hold cash. 

TRP stock: I have 200 shares purchased on August 31, 2020

 

TC Energy

TC Energy (TSX:TRP)(NYSE:TRP) is the new name for TransCanada. The board made the change to better reflect the overall operations. TC Energy is best known for its natural gas distribution networks across Canada and the United States. The company also has vast gas storage capacity and power generation facilities.

Growth stems from a combination of acquisitions and organic projects. The existing secured development portfolio includes roughly $30 billion in capital investments. As the new assets go into service, TC Energy expects revenue and cash flow to expand enough to maintain steady dividend growth.

In fact, investors should see a dividend increase of 8-10% in 2021 and 5-7% per year afterwars over the medium term.

The stock trades near $61.50 per share compared to $76 in February. Given the steady revenue outlook TC Energy appears oversold at this level, investors who buy now can get 5.25% yield.

Warren Buffett’s Berkshire Hathaway made a US$10 billion investment in the natural gas infrastructure sector earlier this year. That could lead to further consolidation and higher stock prices for TC Energy and its peers.

The bottom line

Fortis and TC Energy are two of the best dividend stocks in the Canadian market today. Retirees and other investors seeking reliable income stocks should consider these names for their TFSA portfolios.

The post TFSA Investing: Best Canadian Dividend Stocks for Retirees appeared first on The Motley Fool Canada.

FTS stock: I like to purchase shares and learn the business

 

Fortis

Fortis (TSX:FTS)(NYSE:FTS) raised its dividend in each of the past 46 years, making the company one of the best dividend stocks in the TSX Index over the past half century. The board plans to maintain the trend through at least 2024 with anticipated dividend hikes of 6% per year over that time frame.

The solid guidance comes on the back of expected revenue and cash flow growth. Fortis continues to work through nearly $19 billion in capital projects that will significantly boost the rate base. The company has utility operations across Canada, the United States and the Caribbean.

Assets include power generation facilities, electricity transmission networks, and natural gas distribution systems. These tend to be recession-resistant and operate in regulated sectors.

Fortis trades near $53 per share at writing. The 12-month high is near $59, so there is decent upside opportunity. The stock currently provides a 3.6% dividend yield.

Microsoft: Up, Up And Away

 Here is the link. 

Chart Patterns: Cup With Handle

 Here is the link. 

30%+ prior uptrend

jump on wagon - too later 

down trend - left side - 15% to 30% 

bottom forms - institution to pick up shares - 10 to 12% handles - shake up weaker holds - weak holder sells 

More committed investor - those folks to sit tight and look for more gains from the stock. 

Can stock punch through of heavy ...? 

Look for heavy volume on breakout - 40% or 50% than normal 

5% - up to 5% above ideal buy point - 

Bases often form as general market ...

market corrections - closed above 10-week average line 

Heavy volume ...

Light volume in ...

How To Buy Stocks: Cup With Handle Chart Pattern

 Here is the link. 

The cup-with-handle base signaled the start of runs by Walmart, Apple, Nvidia and other companies. By learning to spot this pattern when it's forming, you could be prepared to get in early on the next batch of major movers. Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.

How To Buy Stocks: Pick The Best Stocks At the Right Time

 Here is the link. 

When you’re trying to find the best stocks and identify the right time to buy them, there are three key pieces to that investing puzzle: Overall market conditions, the company’s fundamental strength, and the chart action. The biggest gains – and the least risk – come when you have positive indicators for each of those three pieces. Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.

Canada oil stocks: Sept. 1 7:50 AM

 Sept 2, 2020

Introduction

It is tough for me to make decision to sell those stocks to take profit of $600 dollars. I purchased around $62,000 Canadian dollars oil stocks, next morning 7:50 AM there was over $600 gains. What should I do with those $600 gains in less than 24 hours?

Less than 24 hours

Here is the snapshot. 

I think that I should sell for those gains, and then keep monitoring those positions and see if I should make changes. There was no news to push the market to go high, so those gains went away quickly. 

West Texas Intermediate (WTI)

 Here is the article. 

Understanding West Texas Intermediate (WTI)

WTI is the main oil benchmark for North America as it is sourced from the United States, primarily from the Permian Basin. The oil comes mainly from Texas. It then travels through pipelines where it is refined in the Midwest and the Gulf of Mexico. The main delivery and price settlement point for WTI is Cushing, Oklahoma.

The Cushing delivery system consists of 24 pipelines and 15 storage terminals. The hub has 90 million barrels of storage capacity and accounts for 13% of U.S. oil storage. The inbound and outbound capacity is 6.5 million barrels a day. Cushing is known as "The Pipeline Crossroads of the World."

Oil Stocks Crashing as Fuel Consumption Flatlines

 Here is the article. 

What I learn:

1. 1 million barrels per day - U.S. refinery production slipped - produce less than 1 million per barrells per day
2. 9 million barrels per day
3. MTDR, AR, RRC, SWN - those are too small to purchase, too volatile 

Shares of a broad array of oil stocks are falling sharply today, following the latest weekly petroleum data survey from the U.S. Energy Information Administration. According to the latest update, U.S. refinery production slipped almost 1 million barrels per day, while gasoline consumption, as measured by the amount refiners supplied to the market, remain stuck in a narrow band close to 9 million barrels per day.

As a result of the continued lag in a further recovery of transportation fuel demand, producer stocks in particular are taking it on the chin. At this writing, shares of Matador Resources (NYSE:MTDR), Antero Resources (NYSE:AR), Range Resources (NYSE:RRC), and Southwestern Energy (NYSE:SWN) are down between 5.3% and 8% (even though they are more focused on natural gas than oil).

My notes:

1. U.S. commercial crude storage is still 14% higher than the five-year average - Google, and try to make sense -
2. gasoline and distillate inventories are 13% above the year-ago level - Google, and see if I should check those numbers 

Oil recovery stuck in neutral

Each week the EIA releases a report that shows important import, commercial storage, and refinery statistics. On the good side of the report, U.S. commercial crude oil inventories fell 9.4 million barrels from the prior week, and imports fell to 4.9 million barrels per day, about 1 million less than the week before. This, on the surface, is a positive for the industry, which has been dealing with a massive glut of excess inventory that continues to weigh on oil producers and prices. 

Yet even with that move in the right direction, U.S. commercial crude storage is still 14% higher than the five-year average, while gasoline and distillate inventories are 13% above the year-ago level. 

My notes:

1. Less driving, and less air travel - demand is too low
2. 
   

The biggest thing holding the industry back right now is the lack of further recovery in oil demand. U.S. refiners supplied 8.9 million barrels per day last week, and 3.7 million barrels of distillate, down 9% and 16% respectively from last year's levels, and roughly flat for the past two months. The overhang of the coronavirus pandemic continues to weigh on the transportation sector, particularly automobiles. Millions of Americans continue to work from home, and the peak driving season is coming to an end, with a minimal boost from vacationers eschewing air travel and driving somewhere for leisure instead. 

My notes

1. peak summer driving season comes to an end
2. coronavirus pandemic continues
3. the fortune of oil hedges starts to roll off

Winter is coming

As the peak summer driving season comes to an end and the coronavirus pandemic continues to weigh on oil demand, oil traders are turning decidedly bearish on the prospects of a quick recovery. Many U.S. producers have had the fortune of oil hedges that have helped them realize much higher prices than the benchmarks, but those hedges are already starting to roll off, resulting in even more oil production that's not profitable below $40 per barrel. 

Stock portfolio: Sept 1, 2020 - Day one

 Sept. 1, 2020

Introduction

It is time for me to learn how to manage my investment portfolio. I like to do a short review of my portfolio. 

Stock portfolio

It is so exciting for me to build an investment portfolio on August 31, 2020. I almost spent all my 10 year full time savings and then I like to get some returns from this portfolio. 

Risk is hard to manage as a beginner. There is a market risk. If market crashes before US president election, or there is big down turn in September, then I will have to plan to cut losses around 7 or 8 percent. 

Otherwise I like to see if I can manage the portfolio over one month, and expect those oil stocks will have same performance from July 31 to August 31, so I can sell and make gains around $5000 to $6000 dollars. 

This is the first time I take risk to invest same day all those $62,000 dollars, and then expect to get some return. 

One thing is to expect some good news about coronavirus, the market will go up quickly to celebrate like Abott $5 dollars 15 minutes coronavirus test. 

Actionable Items

On Sept. 1, 2020, the portfolio has over $300 dollars gains. I should sell the profit and then set up purchases, so those shares can be purchased back. 

My original plan is to let the portfolio go up with more than $2,000 dollars gains, and then sell some of positions. But without good news, the stock price does not go up very much. 

Stock purchase: August 31 Canada oil and energy stocks and my purchase

 August 31, 2020

Introduction

It is very hard to purchase at lowest point in the market. So I just took some risk and made purchase this morning. 

TFSA Victoria portfolio

I am a runner - day one again

 August 31, 2020

Introduction

It is hard for me to lose weight since  I am busy working with algorithms and investment. I went out running one hour in Burnaby central middle school from 10:30 AM to 11:30 AM. But I was so exhausted, I need to figure out how to set highest priority to be a runner again, in my 53 year old age, 192 lb weight. 

Being a runner

I plan to attend the running race. Here is the webpage about the race. 

Not rich: I do not try hard enough

 August 31, 2020

Introduction

I like to figure out why I am not rich. I do not try hard enough. That is a lot of opportunities for me to learn, but I just made so many simple mistakes and then failed to build wealth. 

Case study

I do think that most important is to have confidence. To stay in United States or Canada, I do not build wealth enough for me to live comfortably, from 1996 to 2010 in USA, Florida; from 2010 to 2020 in Vancouver, Canada. 

I like to figure out how many case studies I can think about and then work on improvements. 

Finance illiteracy is most biggest one. But I also find my weakness in my personality. I have to think more carefully about time I have and my priority in my life. 

Being single is not so terrible and I do enjoy so many things. I have to work on my confidence in terms of choosing friends, being independent, and also continuously learning. 

Good communication: Phone calls

 August 31, 2020

Introduction

It is my understanding for Willingdom church small group activities. Best communication should be face-to-face or phone conversation. Not using wechat, typing. Personal life and work experience is most helpful for others to learn from. Today I got a phone call from my SJTU 1984 to 1998 classmate from different major. 

Investment group and 12-people group

I tried to maintain close relationship for investment group. So I also try to limit the number of people in the group. It is hard for us to break ice and get face-to-face communications. I tried a few times this month, but I failed a few times. Specially when I failed to make purchase of $45,000 dollars Canadian dollars on Canadian oil stocks on August 24, 2020. 

I got invitation from my friend in investment group, she called me and we talked over one hour. This is the third or fourth call we had together. I am a beginner as a stock investor, she has more experience than me. She told me that she made over $10,000 gains in August 2020. She has 10 - 12% return on her investment portfolio. 

Last time when we talked, she said that she did not think Facebook could do much better than others, from June 5 to August 30, Facebook has 30% return. 

We cannot beat the market. But at least we are learning to work together, and share tips how to understand business, what to invest and figure out what are best for us to learn. 

Stock purchases:

CCL, BA, INTC, SAVE, BAC, YINN

Paper reading: Construction of a Tree from its Traversals in Optimal Time and Space

 Here is the link. 

Leetcode discuss: 889. Construct Binary Tree from Preorder and Postorder Traversal

 Here is the link. 

C# Construct tree using preorder traversal first

August 30, 2020
889. Construct Binary Tree from Preorder and Postorder Traversal
Introduction
I like to learn all ideas to solve this tree algorithm. I came cross this idea from the discussion post here.

The idea is to construct binary tree using preorder traversal list, so it is easy to figure out the order of nodes in preorder list is from root node to left child until last one without left child. And then it is time to set up a node as a right child.

Case study
I like to draw the diagram to explain how to solve this question using given example in the problem statement.
Input: pre = [1,2,4,5,3,6,7], post = [4,5,2,6,7,3,1]
Output: [1,2,3,4,5,6,7]

I debugged the code and then figured out the idea. It is to construct binary tree using preorder list first, starting from root node, and then go left continuously until it is the node without left child. Actually it is the first node in postorder traveral.

Using the example, root node 1 -> left child - node 2 -> left child - node 4, argue that it is the node without left child, since value is the first node in postorder traversal, marking using a in the following diagram. Preorder traversal list is iterated from a to b to c, the third node is with value 4. Now need to increment postorder traversal list's index.

One important task is to argue that when pre[preIndex] == post[postIndex], for example, preIndex = 2, node with value 4 is leaf node, in other words, skip steps to add left and right child.

I think that the idea is hard to figure out and I will come back later to see if I can learn better next time.

Design concern
I do think that it is easy to figure out that each time a node is visited in preorder list, the node is added to the binary tree, preIndex variable is incremented by one. And if pre[preIndex] == post[postIndex], then skip to add left or right child, increment postIndex by one.
As long as preIndex and postIndex both have places to increment one, the design is completed. Do not overthink.

Time complexity
It should be O(N).

/**
 * Definition for a binary tree node.
 * public class TreeNode {
 *     public int val;
 *     public TreeNode left;
 *     public TreeNode right;
 *     public TreeNode(int val=0, TreeNode left=null, TreeNode right=null) {
 *         this.val = val;
 *         this.left = left;
 *         this.right = right;
 *     }
 * }
 */
public class Solution {
    
    public static int preIndex;
    public static int postIndex;
    
    public TreeNode ConstructFromPrePost(int[] pre, int[] post) {   
        preIndex = 0;
        postIndex = 0;
        
        return runPreorder(pre, post);
    }
    
    private TreeNode runPreorder(int[] pre, int[] post)
    {
        var preLength = pre.Length;
        var postLength = post.Length;
        
        if(pre == null || post == null || preIndex >= preLength || postIndex >= postLength)
            return null; 
        
        var rootVal = pre[preIndex];
        
        var root = new TreeNode(pre[preIndex]);
        preIndex++;
        
        if(rootVal != post[postIndex])
        {
            root.left = runPreorder(pre, post);
        }
        
        if(rootVal != post[postIndex])
        {
            root.right = runPreorder(pre, post); 
        }
        
        postIndex++; 
        
        return root;
    }
}

VTSMX fund: Vanguard total stock market index fund - August 1 - August 30 over 8% gains

 VTSMX

August 1, 2020  80.54

August 28, 86.43

Gains: 5.89/80.54 = 7.31%

The 8 Best Investing Courses of 2020

 Here is the link. 

Where Gap shares are going from here

 Here is the link. 

GAP store - pivot to online sales 

CNBC's Bertha Coombs on Gap earnings. And Delano Saporu, New Street Advisors founder, on where the stock is headed. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Make $3,000 Canadian dollars on stock market in Sept. 2020

 August 29, 2020

Introduction

It is too ambitious as a beginner to invest on stock market. But I like to make plans, and act on my goal. How can I invest on stocks and then make $10,000 dollars in Sept. 2020. What are those ideas I can examine and make sure that it might help in my ability as a equity research beginner - from March to August less than six months experience. 

My behavior problems in August

I did one good purchase on July 31, 2020. I noticed that I was too worry about market crash and SPX went would go down below 3000. So I did make purchase Canadian oil stock and made over $3000 Canadian dollars gains in less than one week. 

But I did not make it happen on August 24, 2020. President Trump gave news conference in the weekend, and I made plans for purchase. But I was still not able to make it. Investment is hard than I think. 

September 2020

I changed my target from $10,000 Canadian dollars to $3000 dollars. I like to take less risk since I am a beginner. I do not know too much about risks in market. 

Here are 10 ideas to think about. 

1. Practice day trading, and try to make money from FANG stocks. $200 dollars for each company stock. 
2. Bet on SPX 500 VOO goes up 10%
3. Bet on 10% up on FANG companies 
4. I like to bet on WDC stock go up over 10% 
5. I like to bet on Intel stock go up 10% 
6. Invest on Canadian oil stock and invest short term or long term over $50,000 Canadian dollars
7. Learn more about business, spend 10 hours to learn what to purchase and sell stocks
8. Take more small positions, do not bet on big purchase too often
9. Stay on more planning, research and take investment seriously. 
10. VTSMX - vanguard total market fund, July 31, 2020 80.10, August 29, 2020, 86.43
11. I did not beat VTSMX on August 2020. 

Why Microsoft Wants To Buy TikTok: CNBC After Hours

 Here is the link. 

40 million people will lose their homes. 

FB stock: June 5 2020 - a day to remember

 August 29, 2020

Introduction

It is hard for me to get into Facebook and work on challenge job as a software engineer. I need to think about investing FB stock as early as January 2015 when I had first one hour onsite interview on Westin hotel. 

June 5, 2020

I did read the article about Facebook will double in next 12 month. From June 5 to August 29, the gains are 30% increase. 

I got a phone call from Facebook recruiter and then I was invited to apply again for the job. I should invest FB stock starting from June 5, 2020. 

Now it is 30% more market value. $293.66/ share. 

Actionable Items

August 30, 2020 9:58AM

I should take some actions if I do believe that Facebook is such a great company, and I should work on FB stock investment as early as possible. 

Prescient Economist & Fed Expert Paul McCulley on No Recession Ahead & Fed’s Tightening Done

 Here is the link. 

America economist: Paul McCulley - Wikipedia

 Here is the link. 

Paul Allen McCulley (born March 13, 1957)^[1] is an American economist and former managing director at PIMCO. He coined the terms "Minsky moment" and "shadow banking system", which became famous during the Financial crisis of 2007–2009. He is currently a senior fellow at Cornell Law School and an adjunct professor at Georgetown McDonough School of Business.

Ray Dalio: "This Is What EVERY Investor NEEDS To Be Doing"

 Here is the link. 

Ray Dalio is the original founder and former CEO of Bridgewater Associates, which is currently the largest hedge fund in the world. He's known for his macro economic expertise, and as the pioneer of risky parity investing, a investment strategy that focuses on diversifying according to risk rather than asset class. In a recent interview released by Bridgewater Associates, Ray Dalio talks about the current state of the economy and what is to come. Ray Dalio explains the different types of monetary policy used in the past, present, and what will likely be done in the future. He then shares his opinion on the markets, and provides investors with some ideas for investing in the coming months and years. If you're worried about market volatility or a full on market crash, this is an interview you don't want to miss. Ray Dalio is a true genius inside and outside of the investment world, and his insights on the stock market, equities, bonds, cash, and gold is unlike anyone else in the mainstream financial media.

CNK sotck: Cinemark holdings, Inc over 7% return on August 28, 2020

 CNK stock went up from August 24 to August 28

August 24 - 12.39 

August 28 - 15.26 

over 20% return in less than one week. 

Managing Money in a Zero Interest Rate Environment

 Here is the link. 

June 19, 2020: The coronavirus has accelerated a new paradigm of coordinated monetary and fiscal policy where central banks are printing money to finance large budget deficits and spark spending. Senior Portfolio Strategist Jim Haskel and co-CIO Ray Dalio explore why the by-product—zero or near-zero interest rates across the developed world—is a critical issue for investors to understand and how similar moments in history can provide valuable lessons to navigate volatility.

Wall Street Week - Full Show (08/28/2020)

 Here is the link. 

Aug.28 -- One of the most iconic brands in financial television returns for today's issues and today's world. This week's Wall Street Week features David Westin's interviews with Commerce Secretary Wilbur Ross, Energy Secretary Dan Brouillette, Home Depot Co-Founder Ken Langone, Former SBA Administrator Linda McMahon, and Former Oklahoma Governor Frank Keating. The conversations analyze President Trumps's economic, health care, energy and trade policies. Former Treasury Secretary Lawrence H. Summers and Former Council of Economic Advisers Chair Glenn Hubbard debate what Biden and Pres. Trump's policies will mean for an economy that is dealing with a pandemic.

Jim Cramer: Abbott Labs' rapid coronavirus test gave the recovery plays a 'huge boost'

 Here is the link. 

"I think Abbott's come up with a game changer, here,' the "Mad Money" host said. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6 Investors turned bullish on the recovery theme Thursday, thanks to big news on the coronavirus testing front, CNBC’s Jim Cramer said. “The recovery plays got a huge boost last night when Abbott Laboratories announced a 15-minute Covid test with great reliability that you can take at home,” the “Mad Money” host said. Abbott Labs, a medical supplies manufacturer, announced Wednesday evening that it received emergency use authorization from the U.S. Food and Drug Administration for a rapid Covid-19 test that can cost $5. The company plans to begin shipping tests out in September and expects to produce 50 million tests per month by October. The test, BinaxNOW, which is supported by a mobile application to display results, is expected to be used in work and school environments, which is seen as critical in the fight to contain coronavirus and fully reopen the U.S. economy. The White House plans to buy 150 million of the tests in a $750 million deal with the device maker. Abbott Labs shares popped 8% on the news, closing at a record $111.29. “I think Abbott’s come up with a game changer here,” Cramer said. The comments come after equities markets turned in a mixed day of trading. The Dow Jones Industrial Average, which poked its head into positive territory before ducking back under in a volatile session, rose 160 points to 28,492.27 for a 0.57% gain. The S&P 500 advanced 0.17% to a new closing high of 3,484.55. The tech-heavy Nasdaq Composite snapped a five-day winning streak when it slipped 0.34% to 11,625.34. Abbott Labs was among the top gainers in Thursday’s market, flanked by big gains in travel and entertainment stocks. Live Nation saw the biggest advance in its shares, rallying almost 9% to a $57.26 close. The cruise and airline stocks of Royal Caribbean, Norwegian, United Airlines and Carnival rounded out the top 5 on the S&P 500 during the trading day. “If you know your fellow passengers don’t have the virus, you’d be a lot more willing to fly or book a cruise,” Cramer said. The other end of the index was peppered with what’s been dubbed the stay-at-home plays, or companies that benefit from a lockdown environment, especially in the travel, leisure and financial industries. Among the biggest decliners were Netflix, Facebook, Adobe and Lowe’s.

How Coronavirus Set Off A Bankruptcy Wave For The U.S. Economy

 Here is the link. 

Big oil isn't dead forever, buy Exxon: Top analyst

 Here is the link. 

VFV.TO ETF: near 5% return from August 1 to August 29

 August 29, 2020

Introduction

It is so surprising to learn that VOO ETF has 10% return from August 1 to August 29, 2020. 10% return for one month, I just could not believe that. 

July 31, 2020

I remembered that I bet on July 31, 2020 over $30,000 Canadian dollars to purchase Canada oil stocks, I bet that market will not crash and go below SPX 3000. Right now SPX is around 3500. 

I did not purchase VFV.TO using my TFSA account, and all my cash does not generate return from August 5 to August 29. 

I did not make plan to purchase oil stocks around August 24, 2020. But I did not enter those order in time. 

VFV.TO price July 31, 2020 - $77.50

August 29, 2020 - $81.70

VOO ETF: August 1 to August 29 2020 near 10% return

 August 29, 2020

Introduction

It is so surprising to learn that VOO ETF has 10% return from August 1 to August 29, 2020. 10% return for one month, I just could not believe that. 

July 31, 2020

I remembered that I bet on July 31, 2020 over $30,000 Canadian dollars to purchase Canada oil stocks, I bet that market will not crash and go below SPX 3000. Right now SPX is around 3500. 

I did not purchase VFV.TO using my TFSA account, and all my cash does not generate return from August 5 to August 29. 

I did not make plan to purchase oil stocks around August 24, 2020. But I did not enter those order in time. 

VOO.ETF 

July 31, 2020      $297.01

August 29, 2020 $321.00

How often should I write code?

 August 29, 2020

Introduction

It is Saturday afternoon. I like to think about my plan to spend Saturday evening. I like to think about my career, and one of ideas is to write some code on leetcode.com. 

Weekend is my time

I like to find something to write. Tree algorithm is my favorite. I like to work on coding for a few hours this evening. 

Role models

I came cross Linkedin profile of Dr. Dan Wu, since I followed her on Linkedin.com. I spent 10 minutes to read about her advisor prof. Barry Boehm. 

I like to think about what makes a person so successful in her study and career. Education, advisor, university education and all other things related to hard work. 

I also read so many managers' profile on linkedin.com. It is such great time for engineers in computer science last 10 years. 

Home ownership in Canada from 2010 to 2020

 August 29, 2020

Introduction

It is my plan to learn how to make more money in order to find a place to purchase in the city of Surrey. The price of condo goes down below $300,000 dollars, but I like to learn how to invest on stock market first and think about being a good learner how to understand business works. Life is much better to learn so many things go on in the world, Trump hotel filed bankrupt in the city of Vancouver. I like to talk about my concern about home ownership in Canada from 2010 to 2020. 

Concern of bankruptcy

I found out that I could not do very well in USA from 1999 to 2001 in my personal finance. And then later on I did not do very well from 2006 to 2007. Those 10 year struggle in United States taught me so many lessons as a single person who has Christian belief. 

I worried about home ownership to have over $150,000 dollars mortgage back from 2010 to 2012 if I take a mortgage. I worried about my Canada citizenship application. How can I make a living without a citizenship in Canada? How can I make my job much easy to handle?

Take no risk

I did not take risk to purchase a condo in British Columbia. And I lost directions, shopping trips to USA Bellingham, and vacations back to China almost every year. 

The condo price went up after 2016, and it is impossible for me to get the loan to afford one bedroom condo in the city of Surrey. 

From 2010 to 2012, I had home equity loan around $38,000 US dollars in United States, and I did not feel so comfortable to take another $150,000 Canadian dollar mortgage at that time. 

$10,000 dollars gains in investment is possible

 August 29, 2020

Introduction

It is possible to reach $10,000 dollars gains in stock market investment return. I do not learn how to invest passively from 1999 to 2001, and then 2007. I left all my IRA and 401 K in money market fund from 2010 to 2019, with less than 1.5% annual return with over $26,000 dollars investment called 401 K or IRA. Now my goal is to reach first $10,000 dollars gains as an active investor after market crash in March 2020. 

Quick to rich is impossible

I thought about so many mistakes I have made as I started to learn and invest on stocks by myself this March 27, 2020. 

I learned from OVV.TO stocks, I only purchased 200 shares on March 27, 2020 and then struggled on my hay fever, and then worked full time, and OVV just went up 300% in less than two months. I learned the power of stock market. 

I thought that stock investment should not be that difficult. I invested $13,000 US dollars on June 5, 2020, and then took the loss of $3000 dollars, and understood that market is so volatile. 

I thought about why I could not purchase $100,000 dollars on OVV stock on March 27, 2020. I worried about so many things, my job, my further loss of capital of investment, and my hay fever; I was lucky to learn that $4000 to $5000 rebound is so quick and easy, it is better for me to take some risk to play some stocks. Those OVV.TO stock lost 90% of value, it is ok if I lose all those 200 shares of investment, less than $700 dollars. 

$10,000 dollars gains

I have to push myself to work on $10,000 dollars gains first. Now I have $800 dollars gains on Ameritrade.com retirement account, $5,500 dollars gains on TFSA account. 

I have to figure out how to make another $3700 dollars gains in next two months. 

I like to build wealth step by step. First I should learn how to build wealth the first $10,000 dollars on stock market first. 

10 reasons I like to invest on stock market

 August 29, 2020

Introduction

It is tough for me to build wealth and make million dollars on my career, from salary and bonus. I have to understand that I am living in frugal life style but I still struggle to make a living as a software programmer. 

10 reasons I like to invest on stock market

I like to put together 10 reasons I like to invest on stock market. I will come back to revisit again, and add more content. 

1. It is possible to make $10,000 dollars since I have some capital to work on. $100,000 Canadian dollar and $26,000 US dollars to invest; 
2. It takes time for me to learn how to invest as an active investor; 
3. There are so many common mistakes as a beginner, I do not know what they are, so I took risk to learn and am willing to lose money to learn from my own mistakes;
4. It is possible for me to learn by myself, and I have chance to read articles, and also a lot of teaching videos;
5. I have strong analytical skills, and I am good at research and how to advance myself to be competitive. 
6. I do think that it is better to learn from people, so I also share my mistakes through my blogs;
7. I have some confidence to learn, since I am single, and I have a lot of time to spend on investment; 
8. I start from personal finance research, why I am not rich and struggle in Canada from Nov. 2018. Those research helps me to learn the importance of investment, stock market investment;
9. Stock market is always like crazy, not just for coronavirus. Maybe it is also good time for investors since Coronavirus is hard to get rid of. 
10. I just started to invest on stocks from March 2020. Be patient. 
11. Once I can make $10,000 dollars on stock market, go back to step 1, and revisit all 10 steps again. 

Why 90% investors do not learn?

 August 29, 2020

Introduction

It is hard for me to learn how to invest. I have to learn how to make decision when to purchase and when to sell. I act by my own understanding, and then I try to learn from others. I start to write lessons I learn after I sold 800 shares of ENBL, and other topics as well. 

90% investors do not learn

90% of investors do not make money as an active investor, only 10% of them make money. I am pretty sure that I am the beginner of investor, after I worked on passive investment, I quickly made purchase at highest position SPX 3500 on June 5, 2020, I lost $3000 gains from May 2019 to 2010 June 5, specially after March market crashes and rebound. 

I started to learn about business, stocks, and things I should know about stock price, volatile of stock price. 

I have to push myself to learn more things about business. It is tough but I like to learn and see if I can build some wealth from stock market. 

My Ameritrade.com stock account now has $800 dollars gains from April 2019, and my Canada TFSA account has around $5000 dollars gains so far. 

It is not easy to learn and I have invested over hundreds of hours on those portfolios. 

Summer Selling Series Episode 2

 Here is the link. 

Signs of weakness

1. Downside reversal

2. Stalling

3. Churning 

Downside reversal 

• stock hits an intraday high, but closes down at or near the bottom of the day's trading range. 
• Will often occur on a pickup in volume
• Often indicates further weakness ahead 

2007, 2008, Dryships Inc - DRYS

Why only $20,000 maximum price drop in Surrey condo?

 August 29, 2020

Introduction

I like to spend time to look into real estate market, and then see how the market do considering coronavirus and a lot of job losses. 

$20,000 maximum price drop

I do think that condo is too expensive to purchase. I came to Canada in April, 2010. At that time, one bedroom condo brand new is around $150,000 dollars in the city of Surrey near skytrain station. At that time, 1 Canadian dollars is worthy of 1 US dollars. Now it is 25% less. 

The price of 1 bedroom condo price went up from 2010 $150,000 to over $300,000 dollars. Now it is around $300,000 dollars.