- The Daily Ninja
- Posts
- Can Palm Trees Make You Money?
Can Palm Trees Make You Money?
Side Hustles During Rough Economic Times, How To Buy Silver, Nvidia Going Down?
The Daily Ninja 7/8/24
Updates From The Economic Ninja
(7/8/2024)
If youโd like to get started on your Side Hustle click here.
(7/7/2024)
๐ธ Many people get caught up in buying numismatic coins graded for their rarity, but the economic ninja advises against it for beginners.
๐ฐ The price of silver coins is not just the spot price, but also the premium to get the coin in your hand, which can vary widely.
๐ Junk silver, such as dimes and quarters minted by the US Mint, is favored for its scarcity and potential value.
๐ฐ Silver dimes can be worth more than their face value, making them a valuable investment in times of rising silver prices.
๐ Finding rare silver coins like Mercury dimes or barber quarters can be more valuable due to their age and scarcity.
๐ธ When buying silver, prioritize getting the most silver for your dollars over collecting rare or pretty coins.
(7/7/2024)
๐ The market cap of Nvidia stock and the potential impact on the SNP is something all investors should be considering.
๐ Analyst downgrades can lead to a surge in selling as investors start to doubt the stock's potential.
๐ค Downbeat opinions on Nvidia are rare, but a more prudent view on the stock is necessary after its year-to-date rally.
๐ Nvidia capitalized on the AI boom, but there's a point when AI is going to do its job and run its course, especially in the stock market.
๐ "Nvidia alone accounts for more than one-third of the S&P 500 gains this year and it's a big r for investors and top economists."
๐ Nvidia alone accounts for more than a third of the S&P gains, raising concerns about the impact of a potential downgrade.
๐ฐ Nvidia stock has brought in one-third of all the gains in the S&P, so any downward movement could have a significant impact on the index.
๐ The stock market is being propped up by inflation and a few stocks, making it ripe for failure.
(7/7/2024)
๐ McDonald's in Australia is cutting Breakfast Time by 90 minutes due to an egg shortage amid the outbreak of bird flu, impacting both the company and consumers.
๐ณ McDonald's breakfast sales are a huge part of their revenue, so cutting breakfast time due to egg supply issues is a big deal.
๐ The bird flu outbreak is not just a local issue, but it's causing prices to rise around the world, potentially leading to higher egg prices for everyone.
๐ฅ The impact of the bird flu outbreak on egg supplies is causing disruption to the retail, hospitality, and manufacturing sectors.
๐ The government's warning of empty shelves and purchasing limits is a sign of the impact of the bird flu outbreak on supply chains.
๐ Multiple strains of avian influenza have been detected in poultry farms in Victoria and NSW, raising concerns about the potential transmission to humans.
๐ The Australian government reassured that eggs and chicken meat are still safe to eat if cooked, despite the bird flu outbreak.
๐ The bird flu outbreak not only affects McDonald's breakfast, but also the availability and cost of many prepackaged foods.
Keep Crushing It!
-Ninja Out