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Selamat datang ke dunia Mega888 dan Kiss918, dua nama terkenal dalam perjudian online di Malaysia. Panduan ini akan tunjukkan kepada anda dunia permainan slot dan kasino online di Malaysia. Anda akan belajar cara muat turun Kiss918 untuk Android dan iOS, serta pelbagai permainan yang ada.

Anda akan menemui banyak permainan menarik dan peluang menang besar. Dari slot online hingga kasino online, platform ini menawarkan banyak pilihan. Anda pasti akan terkesan dengan kepelbagaian permainan yang ada.

Intisari Penting

Pengenalan kepada Mega888

Mega888 telah mengubah cara rakyat Malaysia bermain permainan slot dalam talian dan pengalaman kasino. Ia menawarkan banyak permainan untuk semua jenis pemain. Dengan mudah diakses melalui Android dan iOS, Mega888 menjadi pilihan utama di pasaran.

Apakah Mega888?

Mega888 adalah kasino dalam talian dengan banyak pilihan permainan slot yang menarik. Pengguna boleh mengaksesnya melalui aplikasi mudah alih atau versi web-based. Ini memberikan fleksibiliti dan kebolehcapaian yang tinggi.

Dengan pelbagai permainan menarik dan ciri interaktif, Mega888 menawarkan pengalaman kasino dalam talian yang unik dan menyeronokkan.

Kepentingan dan Populariti di Pasaran Malaysia

"Mega888 telah menjadi platform pilihan untuk banyak pemain, berkat pelbagai permainan, antara muka pengguna yang mesra, dan kemudahan muat turun Mega888."

Sejarah dan Asal Usul Mega888

Sejarah Mega888 bermula sebagai kumpulan muzik rock yang terkenal di akhir 1980-an. Album pertama mereka, "MEGA", dikeluarkan pada 1989 dan menjual 100,000 unit. Ini membuat Mega888 semakin terkenal.

Pada tahun 1991, Mega888 mencapai pencapaian besar lagi. Album "Ilustrasi" mereka berjaya menjadi platinum. Lagu "Takdir Dan Waktu" juga masuk akhir Juara Lagu bulan November.

Pada tahun 1993, Mega888 mengubah gaya muzik mereka. Album "Rentak Kaki Lima" menampilkan rock n roll yang lebih santai. Kumpulan ini juga mengalami perubahan anggota sepanjang masa.

Pada tahun 2015, Mega888 kembali bersatu. Mereka memperkenalkan vokalis baharu dan gitaris, basisis, dan pemain gendang asal. Mereka memainkan berbagai genre muzik seperti hard rock dan heavy metal.

Perjalanan Mega888 dari kumpulan muzik ke pemimpin industri perjudian dalam talian Malaysia adalah cerita tentang inovasi, penyesuaian, dan pertumbuhan yang menarik.

Evolusi dan Pertumbuhan dalam Industri Perjudian Malaysia

Mega888 telah mengalami banyak perubahan sejak awal mula. Mereka telah meningkatkan kualiti permainan dan keselamatan. Teknologi permainan juga semakin canggih.

Pertumbuhan Mega888 menunjukkan sektor perjudian dalam talian di Malaysia berkembang pesat. Penambahan penglibatan pemain dan kepelbagaian pilihan permainan menjadi lebih banyak. Muat turun untuk Android dan iOS membantu lebih banyak orang mengakses platform ini.

Analisis Jumlah Pemain

Jumlah pemain Mega888 meningkat pesat dalam beberapa tahun terakhir. Ini disebabkan oleh peningkatan kesedaran dan kemudahan akses melalui aplikasi mudah alih. Minat dalam perjudian dalam talian di Malaysia semakin meningkat.

Tahun Jumlah Pemain Mega888 Pertumbuhan Tahunan (%)
2018 1.2 juta -
2019 1.5 juta 25%
2020 1.8 juta 20%
2021 2.1 juta 17%

Analisis menunjukkan evolusi Mega888 dan pertumbuhan industri perjudian Malaysia positif. Jumlah pemain Mega888 terus meningkat. Ini menunjukkan minat yang semakin meningkat dalam perjudian dalam talian di Malaysia.

Pematuhan Undang-undang Perjudian di Malaysia dan Singapura

Mematuhi undang-undang adalah kunci untuk perjudian yang selamat dan bertanggungjawab. Kita akan lihat undang-undang untuk Mega888 di Malaysia dan Singapura.

Undang-undang Perjudian di Malaysia

Di Malaysia, undang-undang perjudian diatur oleh Akta Perjudian 1953 dan Akta Kemudahan Perjudian 1953. Mereka menetapkan syarat untuk perjudian, termasuk pematuhan Mega888.

Undang-undang Perjudian di Singapura

Di Singapura, undang-undang perjudian diatur oleh Akta Perjudian 1985. Ia melarang perjudian tanpa lesen dan menetapkan hukuman.

  1. Akta ini memerlukan lesen untuk semua perjudian, termasuk Mega888.
  2. Pematuhan undang-undang ini wajib untuk semua platform perjudian di Singapura.

Undang-undang perjudian di Malaysia dan Singapura menetapkan standard yang ketat. Ini untuk memastikan keselamatan dan integriti perjudian, termasuk Mega888. Penting untuk mematuhi undang-undang untuk persekitaran perjudian yang bertanggungjawab.

Bermula dengan Mega888

Memulakan permainan dengan daftar Mega888 adalah pengalaman yang menarik. Kami akan bimbing anda melalui proses pendaftaran. Ini untuk memastikan pengalaman bermain yang selamat dan menyeronokkan.

Proses Pendaftaran

Mendaftar akaun Mega888 adalah langkah awal. Proses ini mudah dan cepat. Anda hanya perlu berikan maklumat asas seperti nama dan alamat e-mel.

Persediaan Akaun dan Langkah-langkah keselamatan Mega888

Setelah mendaftar, anda perlu setup akaun anda. Ini termasuk memilih kata laluan yang kukuh. Anda juga perlu aktifkan ciri-ciri keselamatan seperti pengesahan dua faktor.

Langkah-langkah ini penting untuk melindungi akaun anda. Ini memastikan pengalaman permainan yang selamat.

  1. Pilih kata laluan yang kukuh dan unik untuk akaun anda.
  2. Aktifkan pengesahan dua faktor untuk memberikan lapisan tambahan keselamatan.
  3. Pastikan maklumat akaun anda sentiasa dikemaskini dan tepat.
  4. Sentiasa log keluar apabila selesai bermain.
  5. Berhati-hati dengan link atau e-mel yang mencurigakan.

Dengan mengikuti langkah-langkah ini, anda boleh yakin bahawa akaun Mega888 anda selamat. Anda sedia untuk memulakan pengalaman permainan yang menyeronokkan.

mega888: Slot Tradisional vs Slot Dalam Talian

Mega888 adalah platform perjudian dalam talian yang sangat popular di Malaysia. Ia menawarkan banyak jenis permainan. Anda boleh menikmati permainan slot tradisional dan slot dalam talian yang berbeza.

Kepelbagaian Permainan

Mega888 mempunyai banyak permainan slot tradisional. Mereka menawarkan pengalaman permainan yang klasik dan seru. Contohnya, "Ocean King", "Da Sheng Nao Hai", "Panther Moon", dan "Dolphin Reef" mempunyai tema dan ciri unik masing-masing.

Di samping itu, Mega888 juga menawarkan permainan slot dalam talian. Mereka mempunyai grafik dan animasi yang moden. Pemain dapat menikmati permainan yang canggih dengan banyak bonus dan ciri tambahan.

Mega888 juga menawarkan permainan meja seperti blackjack, roulette, dan baccarat. Pemain boleh berinteraksi dengan dealer langsung. Ini memberikan pengalaman permainan yang lebih autentik.

Dengan banyak jenis permainan, Mega888 memastikan pemain dapat menemui permainan yang sesuai. Sama ada anda suka permainan slot tradisional atau slot dalam talian, Mega888 mempunyai banyak pilihan.

Permainan Slot

Permainan slot Mega888 adalah fokus utama di platform ini. Mereka menawarkan banyak tema dan gaya permainan. Ada sesuatu untuk semua peminat slot, dari slot tradisional hingga yang video.

Mega888 EDU ingin menjadi sumber pendidikan terbaik untuk permainan slot Mega888 di Malaysia. Mereka bertekad memberikan maklumat yang lengkap dan boleh dipercayai kepada pemain.

Laman web ini memberikan panduan dan cadangan untuk pemain baru dan berpengalaman. Mereka juga memaparkan sejarah Mega888 dan ciri-ciri platform. Anda boleh mendapatkan maklumat terperinci tentang perkhidmatan mereka.

Platform ini menekankan pentingnya bertanggungjawab dalam perjudian. Mereka juga meningkatkan pemahaman pengguna tentang industri. Glosari istilah khusus Mega888 disediakan untuk memudahkan pengguna.

Pengguna boleh mendapatkan kandungan yang tidak berat sebelah dan objektif. Ini termasuk ulasan permainan, berita industri, dan artikel maklumat. Mereka bertujuan mendidik pengguna tentang perjudian yang bertanggungjawab dan memupuk komuniti yang berinformasi.

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Permainan Meja

Mega888 menawarkan pelbagai permainan meja untuk penggemar strategi. Anda boleh mainkan blackjack, poker, dan roulette. Ini memberi pengalaman kasino yang menarik dan penuh ganjaran.

Permainan Live Dealer

Mega888 juga mempunyai permainan dealer langsung. Anda boleh bermain langsung dengan croupier profesional. Ini membuatkan suasana kasino sungguhan terasa di rumah.

Mega888 memastikan pengalaman bermain yang lancar dan menyeronok. Dengan antara muka yang mudah digunakan, pemain dapat menikmati permainan meja dan dealer langsung.

Permainan Popular di Kalangan Pemain Malaysia

Di Malaysia, terdapat beberapa permainan di platform Mega888 yang sangat popular di kalangan pemain. Antara permainan tersebut termasuk kegemaran tempatan dan tajuk antarabangsa yang terkemuka. Semuanya terkenal dengan gameplay yang menarik dan ganjaran yang berpotensi.

Permainan Slot Mega888 yang Paling Diminati

Salah satu kategori permainan yang paling popular di Mega888 adalah slot. Berikut adalah lima slot Mega888 dengan kadar kemenangan tertinggi:

  1. Aladdin Wishes - Menawarkan 20 garis dengan taruhan minimum 200 kredit, berpotensi menawarkan ganjaran besar sehingga 5000 kredit.
  2. 8 Ball Slots - Terkenal dengan kadar kemenangan yang tinggi kerana nilai taruhan yang rendah pada 10 kredit, menawarkan pulangan sehingga 5 kali ganda.
  3. Funky Monkey - Gameplay yang mudah dengan grafik yang menarik, menawarkan taruhan minimum 3 kredit dan pulangan yang lumayan.
  4. Da Sheng Nao Hai - Bertema 'tembak ikan', menawarkan peluang menang yang tinggi dan ganjaran yang menarik, serta bonus tambahan selepas sesi permainan.
  5. 5 Fortune - Slot yang popular di Mega888, terkenal dengan bonus yang kerap dan grafik yang menarik, menawarkan 25 garis taruhan dengan minimum 5 kredit dan pulangan yang lumayan.

Mega888 dilihat sebagai platform kasino dalam talian terkemuka di Asia dan seluruh dunia. Ia mendapat sambutan yang baik daripada pemain kerana pelbagai pilihan permainan dan nilai hiburan yang tinggi.

Permainan Kadar Kemenangan Minimum Taruhan Ganjaran Maksimum
Aladdin Wishes Tinggi 200 kredit 5000 kredit
8 Ball Slots Tinggi 10 kredit 50 kredit
Funky Monkey Tinggi 3 kredit Lumayan
Da Sheng Nao Hai Tinggi Tidak dinyatakan Lumayan
5 Fortune Tinggi 5 kredit Lumayan

3 Permainan Teratas: Kadar Penstabilan, Menang, dan Bonus

Mega888 adalah tempat terbaik untuk pemain judi online yang mencari pengalaman bermain yang stabil. Mereka menawarkan kadar kemenangan tinggi dan bonus menarik. Tiga permainan paling dicari di Mega888 adalah:

  1. Mega888 Fishing Hunter - Permainan menangkap ikan ini memberi bonus tambahan untuk menang berturut-turut. Kadar kemenangan stabil.
  2. Mega888 Joker Jewels - Permainan slot ini menarik perhatian dengan simbol joker dan bonus besar. Juga menawarkan kemenangan yang lumayan.
  3. Mega888 Dragon Fury - Permainan slot ini berdasarkan tema naga. Terkenal dengan kemenangan konsisten dan bonus percuma yang menarik.

Ketiga permainan ini sangat disukai oleh pemain Mega888. Mereka menawarkan kemenangan tinggi, bonus menarik, dan permainan yang stabil. Bagi pencinta judi online, mencoba permainan ini adalah satu kesempatan untuk mencoba keberuntungan dan menikmati pengalaman bermain yang seru.

Permainan Kadar Kemenangan Bonus Kestabilan Permainan
Mega888 Fishing Hunter 92.5% Bonus tambahan untuk menang berturut-turut Stabil
Mega888 Joker Jewels 95.2% Kadar bonus yang tinggi Stabil
Mega888 Dragon Fury 93.8% Bonus percuma yang menarik Stabil

Di Sebalik Lembaga Kawalan Perjudian

Permainan perjudian dalam talian di Malaysia, seperti Mega888, dikawal ketat. Badan kawalan perjudian sangat penting untuk menjaga industri ini selamat dan adil.

Suruhanjaya Perjudian Negara adalah salah satu badan utama di Malaysia. Mereka mengeluarkan lesen dan menetapkan peraturan untuk operator perjudian. Ini memastikan mereka mengikuti undang-undang yang berlaku.

Kementerian Kewangan Malaysia juga memantau industri perjudian. Mereka memastikan semua pemain mengikuti peraturan dan mematuhi undang-undang.

"Penguatkuasaan undang-undang yang ketat adalah penting untuk memastikan industri perjudian dalam talian beroperasi dengan bertanggungjawab dan beretika."

Badan kawalan ini memastikan operator perjudian mematuhi standard keselamatan. Ini termasuk perlindungan data pemain dan kawalan aktiviti penipuan.

Dengan sistem kawalan yang baik, industri perjudian dalam talian di Malaysia berkembang dengan sihat. Ini memberikan pengalaman permainan yang selamat dan bertanggungjawab kepada pengguna.

Strategi dan Petua Permainan

Bermain di Mega888 bukan hanya bergantung pada nasib. Anda perlu strategi pintar dan tip berguna. Ini akan meningkatkan peluang menang anda di Mega888.

Pengurusan Bankroll yang Cerdas

Memahami RTP dan House Edge

Return to Player (RTP) dan House Edge sangat penting. RTP adalah peratusan pertaruhan yang dibayar balik kepada pemain. House Edge adalah kelebihan kasino terhadap pemain.

Strategi Mesin Slot yang Efektif

  1. Cek pembayaran sebelum memulakan permainan slot.
  2. Tahu kapan waktu yang tepat untuk menarik balik wang.
  3. Pertaruhan maksimum boleh beri kemenangan besar, tapi juga kerugian cepat.

Petua Khusus untuk Permainan Lain

Setiap permainan memerlukan pendekatan unik. Penting untuk lakukan penyelidikan dan persiapan sebelum bermain.

"Latihan, kesabaran, dan strategi adalah kunci untuk menang di Mega888."

Dengan pengurusan bankroll yang baik, memahami RTP dan House Edge, dan strategi slot yang efektif, anda boleh menang lebih banyak di Mega888. Mainkan dengan bertanggungjawab untuk keseronokan maksimum.

Kesimpulan

Dengan panduan ini, anda siap untuk menjelajahi Mega888. Platform ini menarik bagi pemain baru dan lama. Ia menawarkan pelbagai permainan yang menarik.

Mulai petualangan anda hari ini. Temui keseruan perjudian dalam talian di Mega888.

Ringkasan Mega888 menunjukkan banyak pilihan permainan slot. Anda juga boleh menang besar. Perkhidmatan perbankan dalam talian di sini selamat dan mudah.

Mega888 juga mematuhi langkah keselamatan canggih. Ini menjadikannya pilihan popular di Malaysia.

Jadi, mulai pengalaman perjudian anda di Mega888 hari ini. Nikmati keseruan dan peluang menang besar.

FAQ

Apakah Mega888?

Mega888 adalah platform perjudian dalam talian yang telah mengubah cara rakyat Malaysia bermain slot dan kasino. Ia menawarkan banyak permainan untuk semua jenis pemain, dari pemula hingga penjudi berpengalaman.

Mengapa Mega888 begitu popular di pasaran Malaysia?

Mega888 sangat popular di Malaysia kerana pelbagai permainan dan antara muka pengguna yang mudah digunakan. Ia juga mudah diunduh, menunjukkan kebolehpercayaannya dan kualiti permainannya.

Bagaimana sejarah dan asal usul Mega888?

Mega888 telah berkembang pesat dalam industri perjudian dalam talian Malaysia. Ia sentiasa memperbaiki kualiti permainan dan menambah ciri keselamatan.

Bagaimana Mega888 telah berkembang dan bertumbuh dalam industri perjudian Malaysia?

Mega888 telah berkembang dengan pesat, menarik lebih banyak pemain dan menawarkan lebih banyak permainan. Muat turun untuk Android dan iOS membantu platform ini diakses lebih luas.

Bagaimana status undang-undang dan peraturan mempengaruhi platform perjudian dalam talian seperti Mega888?

Undang-undang dan peraturan sangat penting untuk Mega888. Ini memastikan perjudian yang selamat dan mematuhi undang-undang di Malaysia dan Singapura.

Apa langkah-langkah yang perlu diambil untuk memulakan permainan di Mega888?

Untuk memulakan permainan di Mega888, anda perlu mendaftar dan siapkan akaun. Kami akan tunjukkan langkah-langkah mudah untuk memulakan.

Apakah jenis permainan yang ditawarkan di Mega888?

Mega888 menawarkan banyak permainan untuk semua pemain. Anda boleh menemui dari slot tradisional hingga pengalaman dealer langsung yang menarik.

Bagaimana permainan slot Mega888 berbeza daripada slot tradisional?

Permainan slot Mega888 menawarkan banyak tema dan gaya permainan. Anda akan menemui sesuatu yang menarik, dari slot tradisional hingga slot video yang inovatif.

Apakah permainan meja popular di Mega888?

Mega888 menawarkan banyak permainan meja, seperti blackjack, poker, dan roulette. Ini memberi pengalaman kasino yang mencabar dan memberi ganjaran.

Apakah permainan paling popular di Mega888 di kalangan pemain Malaysia?

Di Malaysia, beberapa permainan di Mega888 sangat popular. Mereka terkenal dengan gameplay yang menarik dan ganjaran yang besar.

Apakah 3 permainan teratas di Mega888?

Kami akan tunjukkan 3 permainan teratas di Mega888. Mereka terkenal dengan kemenangan yang tinggi, bonus menarik, dan permainan yang stabil.

Siapakah yang mengawasi platform perjudian dalam talian seperti Mega888?

Badan pengawasan penting untuk Mega888. Mereka memastikan perjudian yang selamat dan mematuhi undang-undang di Malaysia dan Singapura.

Apakah strategi dan tip yang berguna untuk menguasai Mega888?

Untuk menguasai Mega888, anda perlu strategi pintar dan tip berguna. Kami akan berikan wawasan untuk meningkatkan permainan anda.

mega888 Copeland Wealth Management - blog
After years of ultra-low inflation, costs are rising at their fastest rate since 2008. The poster child this time around is lumber, where prices have risen more than 85% this year and 280% in the past 12 months. 
 
So you might not want to rush into building that new home, or even that deck you’ve been planning. But what does consumer price inflation mean for you as an investor? 
 
First of all, inflation helps to explain why tech and other high-flying “growth” stocks have had a rough year. Rising inflation is seen as a headwind for stocks generally because it increases companies’ costs—everything from wages to materials to borrowing costs. That puts pressure on earnings growth—and fast earnings growth is a core attraction of companies like Netflix, Amazon and Facebook.
 
Companies like these are heavily represented in market indexes like the S&P 500 and the Nasdaq, and their recent performance has dragged these indexes down. At the same time, “value” stocks, like utilities, consumer staples and banks, have mounted a big comeback this year as investors have dumped growth stocks. Value stocks tend to trade at lower prices relative to their earnings, sales and other fundamentals. They also tend to carry low debt and pay dividends, and they’re known to withstand inflation better than growth stocks. 
 
I believe that inflation is likely to persist throughout 2021 and maybe longer, in large part because of the $7 trillion in pandemic stimulus money the federal government has pumped into the economy. Likewise, I think the rotation from growth stocks to value stocks has legs. I wouldn’t be surprised to see some tech stocks pull back 10% from their highs in coming weeks, while some value stocks soar. So for many investors, it’s time to rebalance away from high-flying growth stocks and toward value investments. 
 
That doesn’t mean you should get out of the market altogether; doing so is almost always a mistake because no one can predict when markets will rise and fall. Nor should you dump all your growth stocks and back the truck up for value stocks. Selling appreciated stocks triggers taxes, for one thing. For another, many growth stocks are worth holding on to—particularly those that have the potential to be transformative over time. A little over 20 years ago, Amazon.com was just an online book seller; it went on to disrupt the way consumers buy just about every kind of good, and today it’s a behemoth. 
 
No one can identify the next Amazon with any certainty, of course. But investing in a number of less-mature companies with promising stories increases your odds of owning a stock that can really impact your investment portfolio if you’re patient. This is where a seasoned investment advisor who really knows how to analyze companies can make a difference. 
 
While investors are rotating to value stocks, and selectively holding on to growth stocks, one area to be extremely cautious about is long-term bonds. Inflation can decimate the value of fixed-rate bonds because it erodes the buying power of the income stream the bonds provide. 
 
Instead, look to short-duration bonds of five years or less. Fixed-income investments with variable interest rates are also inflation resistant because their payments can adjust upward. 
 
As with stocks, a really skilled investment advisor can identify durable sources of fixed income in different market environments. And he or she can help you stay calm and rational when markets are volatile, stress increases, and your fear and greed instincts rear their heads. But you need to be smart about choosing which advisor to work with. As I wrote a few years ago, most advisors are actually brokers, who are legally permitted to place their financial interests ahead of yours. Registered Investment Advisors like Copeland Wealth Management have chosen to operate under a legal framework that requires us to put your interests first. 
 
Please don’t hesitate to contact us if you’d like to discuss inflation and your investments.

If you follow the news, you know that inflation is rising, and so are long-term interest rates.

It's been so long since both of those things happened, in a significant, long-term way, that
many people unsure what to do with the information. Here's my take on why we're seeing inflation and interest rates rising, and what you should do in response.

The economic recovery is accelerating, both because the Covid-19 vaccines are helping consumers return to their normal behavior, and because of the continuing, multi-trillion-dollar stimulus from the federal government. As consumer demand picks up, it's spurring price inflation. In March, consumer prices rose .6%, their biggest gain since 2012.

Accelerating inflation, meanwhile, is pushing long-term bond rates higher. Essentially, the bond market is predicting that higher future prices of goods and services will make bonds' fixed income payments less valuable. Accordingly, bonds are trading at lower prices. Bonds' yields move in the opposite direction of their price, which is why yields have been rising. The benchmark 10-year Treasury is now yielding about 1.6%, up from half a percentage point in August of 2020.

Rising Treasury yields rise are mortgage lenders' cue to charge higher interest on their loans. That means taking out a new mortgage loan or refinancing an existing one could soon get more expensive. The rate increases generally don't apply to short-term consumer loans such as home equity lines of credit. That's because these loans are pegged to short-term interest rates controlled by the Federal Reserve, and the Fed has vowed to keep short-term rates low indefinitely.

The bottom line: You should make real estate decisions sooner rather than later. You might be able to manage the $1,185 monthly payment on a $300,000, 30-year loan at 2.5%, but not a $1,520 monthly payment, at 4.5%, for example. And over 30 years, that higher-rate loan would add in excess of $100,000 to your total payments.

Rising Treasury yields also have implications for the stock market, which makes this a good time to review your investment portfolio. As Treasurys' yields rise, so does their attractiveness as a safe alternative to stocks. That can create volatility in the stock market.

Which stocks are most vulnerable to this volatility? Generally speaking, I believe it's those that have been the past year's highest fliers. Big gainers are always the most prone to sharp pullbacks, possibly as much as 10% to 20%. If you own some of the hotter stocks from the past year or so, their price appreciation means they now likely account for a larger percentage of your portfolio than they originally did. And that means your portfolio is much more risky than it should be.

Investors should review their holdings, potentially take some money off the table and redeploy it into undervalued companies, especially those that might pay a dividend. Think insurance companies, banks energy companies, for example.

If you need to do selling within taxable accounts, do not delay doing it because you're afraid of the tax bill. A big pullback could wipe out much more than you'd likely owe in taxes. And as you review your investments, you might even find that you're closer than you anticipated to being able to retire. You won't know until you take a close look and run all the calculations. That's where we can come in. Don't hesitate to call if you'd like to review your investments and your financial plan.

The technology and work-from-home stocks that have powered the market since early in the pandemic have suddenly come back down to earth. Names like Zoom, DocuSign, Amazon and Tesla have all fallen sharply since the beginning of the month.

But that doesn't mean the bull market is over. It simply appears that investors are transitioning from high-flying growth names to less-flashy—and cheaper—stocks that the long rally had left behind. The major market indexes tell the story: From February 24 through March 8, the tech-heavy Nasdaq was down 7.3%, and the S&P 500, whose biggest components include Apple, Microsoft and Amazon, was off 2.6%. Meanwhile the Dow Jones Industrials Index, led by unglamorous names like UnitedHealth, Goldman Sachs and Home Depot, was down by a mere half percentage point.

Investors understand that they've driven up values on the high-flyers well above historical averages, to unsustainable levels. Amazon shares, even after the past couple of weeks, are still selling for more than 70 times the company's earnings, and Apple is trading at 31 times. Compare that with big Dow Industrials names UnitedHealth, trading at 22 times earnings, and Goldman Sachs, at a mere 13.5.

Having ridden the pandemic-era growth stocks as far up as they can for now, investors have decided to take money off the table and redeploy it into cheaper stocks that have room to run.

Areas to look at include value stocks in general—slower growers with attractive valuations—as well as hospitality, airlines, cruise lines and energy companies. Financials are another promising sector: Banks are reasonably priced and stand to benefit from increased consumer and business demand, as well as rising interest rates.

But as we noted in our November blog, it probably doesn't make sense to sell off your winners wholesale, even as the laggards make up ground. Many of the past year's fast growers are good companies whose price could resume appreciating over the long run, albeit more slowly than we've seen over the past year.

Meanwhile, it's important to remain prepared for volatility. That means keeping your investment portfolio diversified, being patient, and investing based on companies' underlying strengths. It's been relatively easy to make money in the stock market over the past year, but that's no longer the case. As we move forward, the gap between winning and losing stocks will likely widen, so smart decisions are critical. Please don't hesitate to reach out to us if you'd like to review your investments.

In the past few weeks, news outlets have been full of stories about GameStop and other stocks going through the roof thanks to massive buying pushes coordinated online. There have been just as many stories about these stocks later crashing to Earth.

Should you get involved with these kinds of bets? For many, it's tempting.

GameStop was the biggest of the recent stories, which have all revolved around so-called short squeezes. Short squeezes happen when a stock's price jumps higher, and traders who had bet that it would fall must scramble to buy more shares in order to avoid even greater losses. This self-reinforcing dynamic pushes the stock ever higher, until the bubble bursts and the stock price plummets.

The GameStop saga began in early January, when an online community of investors in a Reddit forum turned their sights to the videogame retailer, which Wall Street hedge funds had heavily shorted, or bet against. Over the next few weeks, the so-called Reddit army of small investors, joined by some big, sophisticated players, binged on GameStop shares, pushing their price from $17.25 to near $400. The craze also targeted movie theater chain AMC, which shot from around $3 to nearly $20 in the course of a few days. In the most recent example of the trend, shares of cannabis company Tilray more than doubled, to $64.

In all of these cases, the stocks' run has resembled a toddler's sugar rush, followed by the inevitable crash. Within a matter of days, Tilray lost all of its recent gains. Likewise, AMC shares plunged from around $19 to $5.50. And GameStop dropped from nearly $400 per share to around $50.

Yes, there were winners, who got in early and sold before the crashes. But these short squeezes produced a lot more losers, who bought in as the stocks were running up, only to ride them down again. As usual, the deep-pocketed, sophisticated Wall Street investors likely made out best. As in a casino, the house always ends up as the biggest winner.

You can be sure there will be more GameStop-type situations going forward. There will be lots of hype, and stories about regular people making enough of a profit to pay off their debt or buy Teslas. But short-term trading is a zero-sum game, and someone is always left holding the bag—and the news media isn't interested in their stories. Another phenomenon you don't hear about is how often the winners, emboldened by their success, take more bets and wind up humbled.

The truth is that the short-term trading waters are full of sharks, super-smart professionals armed with sophisticated software, whose every waking moment is spent seeking out opportunities at the expense of amateurs. You can be sure they are raptly following the message boards alongside the do-it-yourselfers, perhaps even participating in them with an eye toward "pump-and-dump" schemes.

My strong advice is to not swim in shark-infested waters. If you're serious about building wealth in the stock market, make long-term investments based on stocks' fundamentals, such as revenue, debt, management and so on. There is always a way for patient investors to make money without taking on extreme risk. Please reach out if you'd like to discuss where the best opportunities for long-term investing lie right now.

It wasn’t quite a Blue Wave, but the Democrats will control Washington after all—and the market is giving an early vote of approval.

 

In a surprising turn of events, Democrats Raphael Warnock and Jon Ossoff defeated their Republican opponents in Georgia’s runoff elections for Senate on Jan. 5. That means the Democrats, with 50 of the Senate’s 100 seats, will effectively control the chamber with Vice President Kamala Harris holding the tiebreaking vote.

 

After winning the presidency and holding the House of Representatives in November, the Democrats are in full control of the legislative agenda for the first time since 2011. The major stock market indexes are signaling enthusiasm. Six days after the Georgia election, the S&P 500 and the Dow Industrials were both up 2%. The Nasdaq index of technology stocks closed down 0.6% the day after the election on fears of tougher regulation. But five days later, swept up in the euphoria, it was up as well, by a total of 3%.

 

Investors expect a blue Washington to mean more stimulus spending and higher taxes. And while many on Wall Street had feared the prospect of higher corporate and household taxes, it appears that investors see the trillions of dollars in stimulus money sought by Biden as outweighing the potential tax hikes. They also see Washington taking up stimulus legislation before turning to tax legislation.

 

While markets have been rising in unison so far, I believe the best approach going forward will be to buy stocks of individual companies based on both their long-term prospects and their ability to weather the turmoil we’re likely to see in coming months. More than 250,000 new Covid-19 cases are now being reported daily, up 37% from two weeks earlier; average daily deaths are up 48% over the same period. 

 

While the distribution of the highly effective vaccines is good news, the rollout has been disappointing. At the current rate, it will take an estimated three years to achieve so-called herd immunity, depriving the virus of new hosts and effectively shutting it down. Thus, I expect a continuing health crisis, with the possibility of widescale business shutdowns, in the months to come. The market may be highly volatile as events unfold on both the pandemic and legislation fronts. 

 

Investors who bought up stocks in anticipation of the government spending may “sell the news” once the legislative agenda turns to taxes. In part to pay for support to households, small businesses and local governments, Biden wants to raise income taxes on households earning more than $400,000 a year, to hike capital gains tax rates and to increase corporate tax rates.

 

You can bet that the markets won’t like that part of the Democrats’ agenda as much as they like the stimulus. The key then will be knowing what to buy and when to buy it. If you’d like to discuss your investments, please don’t hesitate to get in touch.