Turning barriers into opportunities

About four years ago I started down a rabbit hole.

I was just coming out of a season of working in the IT world and I was looking for a different ladder to climb. I wound up jumping into writing (specifically, marketing & business writing).

I remember the early days going through a long course on the ins & outs of business writing.

Hitting all kinds of mental barriers.

Before that time, whenever I would hit mental barriers I would sort of slink away and just go back to what I was doing before approaching that barrier.

But my circumstances had changed.

I HAD to make this venture work.

Thus, every time I hit an obstacle, I clawed my way through it.

I remember feeling an odd sense of gratitude because I knew that for every barrier I broke through, that was one more barrier that my competition wouldn’t. The more difficult the journey for me, the fewer I had to beat.

I think that’s one way of applying Munger’s quote to my life. If I realize that every obstacle is actually an opportunity, it changes the (mental) game.

All right, let’s talk about today’s news...

Nvidia and AMD have agreed to give the US government 15% of the money they make from selling certain chips to China.

Yahoo Finance

Why it matters …

Well, the President is nothing if not creative! These two chip makers want to sell chips to China, but the government has not reached an agreement with China about trade yet.  The chipmakers reached a deal with our President to sell the chips if they essentially pay an “exit tariff” (My term) of 15%.

Yahoo Finance

Why it matters …

The revised jobs report has changed the Fed’s perspective on interest rate reductions it would seem. Whether it was incompetence (my vote), antiquated systems, political posturing, or just bad data, the constant revision of the jobs number over the past several years has caused a lot of financial heartache in this country. Hopefully, the changes made and updated systems can help get a more accurate picture of the actual state of the economy going forward.

3 rate cuts would likely juice the housing market, jobs market and stock market.

Comments: For the most part we have a sideways, continue to chop Monday going. The shining exception is Bitcoin which is up almost $3,500 today.  It pushed past $122k during the night, but has settled to the $120 area for the time being. We track this not just because it is crypto, but it affects so many “juicy option” stocks. Keep an eye on this one. If it can close above $120k today, we may see a bit of a run toward $125k and higher.

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This week is another two-stocks in real trades plus one more sample trade idea for your educational consideration. My real trades brought in an average of 1.57% premium this week, which is where I like it to be.

I’ll share both of those trades as well as an additional sample trade idea with my Premium subscribers...