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Credit card discipline… If you have the will power to pay off your cards every month to avoid finance charges, these cards can be a source of wealth.  Imagine you get an unlimited cash back percentage of 1.5% and you use your card for $60,000 in purchases.  That is $900 towards your Dollar Investment Club investment of $1200 per year ($100 per month)!  At 8% a year, that $300 out of your pocket that could very well compound to over $58,000 in twenty years.  Be the credit card boss and when you are at the club, be the one that pays the bills and gets Venmo cash from everyone else…unless you are running in London with members of the Jacksonville Jags, then keep your card at home!

According to Ibbotson, since 1945 there have been 18 mid-term elections and we are heading full steam into another one in less than three weeks.  Interestingly enough, the calendar year following a mid-term election has been market-positive 18 consecutive times, with an average gain of 19.13%.  Rather than bet on the giant billion dollar lottery, maybe the better bet is on the markets in 2019…

Well it had to happen…Jimmy Buffet, the man from Margaritaville, and Beau Wrigley, the former CEO of Wrigley’s gum have joined together in the weed business.  Wrigley is now the chairman of Surterra, a medical marijuana firm, and together they will be licensing the “Coral Reefer Brand.” With markets mostly higher today… Our diamond of the day is pot stock Tilray (TLRY), which is up $8 bucks  and about $20 in a week.  Our dog for the day is JPMorgan after their CEO said he was smarter than Donald Trump.  Set your bar higher Jamie, the stock is down over $1 today.

After twelve years, CBS and Warner Brothers (a unit of AT&T) is finally shutting down the long running sitcom “Big Bang Theory” next May. And what a run it was…from a peak audience of 23 million viewers per show to each of the seven main stars making over $1 million dollars per episode, the show was a huge success. It also represents the importance of content in the digital world. Amazingly, Warner brothers has received $1.5 billion dollars in domestic reruns alone. As Sheldon would say “Bazinga!”

The markets have been edging up and down pending any news of decreasing or increasing trade war fears.  But now enough is enough, as tariffs on the cranberry, the quintessential American export, have reduced demand around the world.  This, on top of recent overproduction over the past several years, has dropped the market price for the berry to about $30 per barrel, a nearly 10 year low.  Sure, this is great for the Martha’s Vineyard crowd as they sip their ice cold Cape Codders. However, this really hurts Wisconsin, the largest U.S. cranberry production state, a state that of course went with Trump…