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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 you’d like to get started on your Side Hustle click here.
(7/7/2024)
💸 Many people get caught up in buying numismatic coins graded for their rarity, but the economic ninja advises against it for beginners.
💰 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.
💎 Junk silver, such as dimes and quarters minted by the US Mint, is favored for its scarcity and potential value.
💰 Silver dimes can be worth more than their face value, making them a valuable investment in times of rising silver prices.
💎 Finding rare silver coins like Mercury dimes or barber quarters can be more valuable due to their age and scarcity.
💸 When buying silver, prioritize getting the most silver for your dollars over collecting rare or pretty coins.
(7/7/2024)
📈 The market cap of Nvidia stock and the potential impact on the SNP is something all investors should be considering.
📊 Analyst downgrades can lead to a surge in selling as investors start to doubt the stock's potential.
🤔 Downbeat opinions on Nvidia are rare, but a more prudent view on the stock is necessary after its year-to-date rally.
📉 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.
📉 "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."
📈 Nvidia alone accounts for more than a third of the S&P gains, raising concerns about the impact of a potential downgrade.
💰 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.
📉 The stock market is being propped up by inflation and a few stocks, making it ripe for failure.
(7/7/2024)
🐔 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.
🍳 McDonald's breakfast sales are a huge part of their revenue, so cutting breakfast time due to egg supply issues is a big deal.
🌍 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.
🥚 The impact of the bird flu outbreak on egg supplies is causing disruption to the retail, hospitality, and manufacturing sectors.
🛒 The government's warning of empty shelves and purchasing limits is a sign of the impact of the bird flu outbreak on supply chains.
🐔 Multiple strains of avian influenza have been detected in poultry farms in Victoria and NSW, raising concerns about the potential transmission to humans.
🐔 The Australian government reassured that eggs and chicken meat are still safe to eat if cooked, despite the bird flu outbreak.
🍔 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