Proud to say my circle has finally given up everything big tech.
apple
google
twitter
facebook
The past week finally convinced them to cut the cord.
apple - Never owned any of their overpriced stuff
google - Don’t use
twitter - Never used
facebook - Quit two and a half years ago............................
We had a telecon with our financial advisor today. We wanted to know if we needed to adjust any investments in light of “the current situation”. Not knowing the politics of the guy (who has been excellent for 10 years, BTW), we didn’t want to get too specific and hoped he get the drift.
He said that when the company makes projections, they consider Covid. Sadly, in his mind, the only significant recent event in life is Covid. He tried to reassure us that “things will be back to normal” by mid-year because of the vaccine. Covid. Vaccine. blah blah blah.
So they considered Covid.
Did they consider Communism? No. They did not.
They think everything will be SOP.
Living in in fool’s paradise, I guess.
We finally came right out and asked if the company was working on any funds that do not include FAANG stocks, and he said no.
The four horsemen of the apocalypse