How to Talk About Marijuana
Dear Rundown Reader,
Your recent letters on marijuana policy:
“Marijuana should be legal in every state. The criminalization of marijuana has created far more problems than it has cured… there are also many benefits of marijuana and it can’t even be used to help those who need it for seizures or other medical issues.”
This reads like a letter from a reader in a state with no medical marijuana program whatsoever. Get together with your neighbors, lobby the state government.
The science is clear. Marijuana compounds are medicine. We have a moral obligation to pursue these compounds to help those who could benefit. Tell the folks in your state government.
Now, the other side:
“I don’t want any more states voting for marijuana. It is not good for our children to grow up thinking it is ok to smoke that drug.”
It probably isn’t ok to smoke marijuana. The science is also clear smoking is not good.
For those concerned “about the children,” we propose the following. Tell children smoking is bad. After that message is delivered, tell children marijuana holds enormous promise as a medicine and we’re just scratching the surface of the treatments possible.
It’s two separate issues. They can exist together.
Your Rundown for Monday, August 27, 2018…
AMD Is Like Intel But Better
If you’ve held Intel (INTC: NASDAQ) over the last five years, you’ve bagged just over a 100% gain.
Quick, go check your Excel sheet. Take a look. You hold INTC? Yep? Ok.
Everyone holds INTC because of Gordon Moore, the rise of the personal computer, big picture tech innovation reaching back to CalTech in the ‘50s, and the common knowledge that reliable computers require good processors, quality guts.
INTC went into overdrive in the 1990s. You remember the television commercials for Dell, HP, and Compaq computers – at the end, that familiar ding – “Intel Inside.”
For a generation, if you were in the computer processor game, it was INTC or hit the road.
You own INTC you get big tech exposure. You rake in $1.20 a year in dividends. And like we mentioned, over the last five years you have more than a double. You could do worse!
You could, for example, own Sears or banks in Argentina.
INTC sits in so many portfolios because while it might not blow you away to the upside, it’s never going to frighten you, either. It isn’t Tesla stock.
Tech exposure, however, isn’t one-and-done in processors. There’s more out there than INTC.
Take AMD. Advanced Micro Devices (AMD: NASDAQ) doesn’t give you the dividend INTC does, but it has more than doubled since March.
On March 1, you could get AMD for $10.08 a share. It’s set to open today at $24.84.
Take a look:
Ray Blanco added AMD to Tech Profits Confidential at $4.50 in May 2016. His readers are closing in on a 450% gain.
Again, nothing against INTC. But if you’ve never looked into AMD, you’re missing the continuing rise of another fantastic chipmaker that could turn in years of INTC-sized gains.
Now, turning to the markets this morning…
Market Rundown for Mon. August 27, 2018
S&P 500 futures are up 6.75 this morning at 2,883.
Oil’s down $0.32 at $68.40.
Gold’s off $3.00 at $1,210.
Bitcoin goes for $6,708 right now, according to CoinDesk.
Have you read the recent stories of folks who went all in on cryptocurrencies in December, and today are down significantly? Do you have sympathy?
Finally today, Reuters and the WSJ this morning report progress in talks between Mexico and the U.S. as they attempt to renegotiate key parts of NAFTA.
Canada’s set to return to the bargaining table when Mexico and the U.S. are on the same page.
We’ve asked the question before, but it’s worth asking again. Did / does NAFTA harm the American worker?
We’ll talk again tomorrow.
For the Rundown,