The first month of the new Miley Income and Growth funds is complete. Notice that the Miley Income Fund handily beat the S&P so far this year. The Miley Growth Fund hasn’t done so well so far, but I think the selling pressure in Arista Networks, Broadcom, Nvidia and Service Now is unjustified (and they are recovering somewhat today). In Service Now’s case, people think that enterprise software will be displaced by AI. I think that is not true; companies will need Service Now’s agent force to manage their business, and in fact Service Now has incorporated AI into their offerings. So, I think that it is now a good opportunity for long-term investors to make a purchase.
As far as precious metals go, you will note that I recommended trimming your gold and silver holdings last month. Parabolic runs in just about anything usually call for caution and trims or even liquidation of holdings. I still advocate holding 5-10% of your portfolio in gold (the ETF IUA is my choice over GLD, since its expense ratio is lower and it is costs less than GLD). Silver (via the SLV ETF) is more volatile but also worth holding since it has more practical uses than gold. And I also have silver and gold coins since I like holding something solid, although obviously coins are not as liquid as an ETF. But even if gold and silver prices decline, the coins have aesthetic value – I like the looks of them! Finally, if you would like to hold physical gold or silver but are reluctant to store them there are vendors like www.moneymetals.com who will store your physical precious metals for a small fee. And they have a monthly purchase plan where they will buy silver or gold for you and hold them for safekeeping – a good deal for small investors since you can invest as little as $100 per month.
As for Bitcoin and other cyber currencies, I think that Bitcoin will eventually recover (and it is today). Some experts think it could recover to as much as 170k by the end of the year but to me, I think that 100k to 125k seems more reasonable (not based on anything scientific, just my “gut” feeling). As I stated earlier, it is prudent to keep a small bitcoin position in any long-term portfolio. I would also add some Ethereum since it is involved in more day-to-day transactions than Bitcoin. I like the BITB ETF for Bitcoin and ETHE for Ethereum. As for the other cyber currencies like Algorand (ALGO), those are for sophisticated traders – not long-term investors. I did trade some ALGO on a crypto site and made a small profit – but the trading is volatile and I decided it wasn’t worth the effort or the effect on my blood pressure to trade it continually.
So that is all for today, I will try to make updates monthly as time permits. Best wishes for a prosperous 2026!