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The best 2019 investment advice for time travelers — Quartz – Quartz

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Remember the dark days of investing, with all those warnings about how “past performance is no guarantee of future results”?

It seems quaint, now that some of us have mastered the art of time travel.

Stock-picking is so much easier with all the uncertainty removed. It’s certainly been good for us at Time Lord Capital LLC, and we appreciate you subscribing to our newsletter.

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When we say that a trading strategy is a sure thing, we mean it. That’s why all of our advice is covered by a standard disclaimer: Future results are guaranteed by past performance. Time is a flat circle.

Anyway, it’s time for our annual review of the markets. We’ll also take a look back at the decade, as the 2010s come to a close. The usual warnings apply if you’re hopping back further than a year or so—world-altering consequences and all that.

In the current timeline, there is a lot of variety to choose from. The top 10 stocks in the S&P 500 in our version of 2019 feature the standout performance of chipmaker AMD, up around 150% with just a few more trading days to go. AMD is followed by Lam Research and KLA, which also operate in the semiconductor industry—they put those little chips in everything these days. You’d also be wise to convince your past self to pick up shares in Target, Chipotle, and Xerox, capitalizing on the seemingly insatiable demand for sweatpants, burritos, and printer toner.

As always, please be tactful when zapping back to plant investment ideas. A simple, mysterious note tucked into a second-hand book is preferred, and personal contact is discouraged: Leave the madcap capers to Marty McFly and the realm of make-believe.

We’ve got a good thing going here, so don’t be greedy—dabbling in liquid, blue-chip stocks avoids attracting unwanted attention. Over-enthusiastic investors in the early days of time travel made plenty of money for their future selves, but at the cost of generating some strange cleaves in our reality. Around this time of year, we trade holiday cards with fellow stock pickers across the interdimensional expanse, and you’d be surprised how many alternate timelines end in reality TV stars becoming president; there’s ours, of course, but also socialist collectivism under Khloé Kardashian, Ryan Seacrest’s totalitarian state, and an eco-conscious world government under RuPaul.

What we’re saying is, be careful out there. It’s mighty enticing to read that Netflix is the best-performing stock of the decade, up more than 4,000% since the start of 2010, or that a triple-leveraged technology ETF returned nearly 2,000% over the same period, the best of that asset class. If you must invest on decade-long terms, our best call remains bitcoin, up something like 90 million percent (or so) since its first commercial transactions in 2010.

Normally, we wouldn’t advise jumping on such gaudy returns, but plenty of crypto early adopters stumbled into fabulous wealth, so you shouldn’t stand out too much (plus, it remains mostly untraceable and our peek into the future suggests regulators won’t get a grip on it for some time to come). Clients have told us that it’s tricky to persuade themselves that magic internet money mostly used to buy drugs on the dark web would become such a thing, so think ahead—or behind, or whatever… you get the point.

Wishing you all happy holidays and good luck with your portfolio! (You won’t need it.)

—Time Lord Capital LLC

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Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts

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NEW DELHI: The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products.
“Hence, the trade relationship will continue to grow and not be affected by day-to-day events,” Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said.
Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries.
On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India’s strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there.
India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of a Khalistani separatist leader in June.
Srivastava said these recent events are unlikely to affect the deep-rooted people-to-people connections, trade, and economic ties between the two nations.
Bilateral trade between India and Canada has grown significantly in recent years, reaching USD 8.16 billion in 2022-23.
India’s exports (USD 4.1 billion) to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.
On investments, he said that Canadian pension funds will continue investing in India on grounds of India’s large market and good return on money invested.
Canadian pension funds, by the end of 2022, had invested over USD 45 billion in India, making it the fourth-largest recipient of Canadian FDI in the world.
The top sectors for Canadian pension fund investment in India include infrastructure, renewable energy, technology, and financial services.
Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said the present frosty relations between India and Canada are certainly a cause for concern.
“However, the bilateral trade is entirely driven by commercial considerations. Political turmoil is of a temporary nature and should not be a reason to affect trade relations,” Saraf said.
He added that even with China, India has acrimonious relations but bilateral trade continues to remain healthy.
“In fact, bilateral trade is an effective tool to improve political relations. India must make special efforts to increase our bilateral trade with Canada,” Saraf said.
India and Canada have a strong education partnership. There are over 200 educational partnerships between Indian and Canadian institutions.
In addition, over 3,19,000 Indian students are enrolled in Canadian institutions, making them the largest international student cohort in Canada, according to GTRI.
According to the Canadian Bureau for International Education (CBIE), Indian students contributed USD 4.9 billion to the Canadian economy in 2021.
Indian students are the largest international student group in Canada, accounting for 20 per cent of all international students in 2021.
Benefits of educational partnerships are mutual and hence the current situation may have no impact on the relationship, Srivastava said.

 

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Apple supplier Foxconn aims to double India jobs and investment

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Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.

Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

V Lee, Foxconn’s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.

He did not give more details.

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Foxconn already has an iPhone factory employing 40,000 people in the state of Tamil Nadu.

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Foxconn dangles incentives for workers as iPhone shortages plague holiday season

Foxconn dangles incentives for workers as iPhone shortages plague holiday season

In August, the state of Karnataka said the firm will invest US$600 million for two projects to make casing components for iPhones and chip-making equipment.

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The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.

Taiwan election: Foxconn’s Terry Gou taps star-powered running mate

 

Last month, Foxconn’s billionaire founder Terry Gou said he would run for the Taiwanese presidency in next year’s election, as an independent candidate.

He said the ruling and independence-leaning Democratic Progressive Party (DPP) was unable to offer a bright future for the island and left Foxconn’s board following his decision to run.

The firm operates the world’s largest iPhone plant, in the city of Zhengzhou in Henan province.

 

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Foxconn to double workforce, investment in India by ‘this time next year’

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Foxconn, Taiwan-based Apple supplier, has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee’s LinkedIn post on the occasion of Prime Minister Narendra Modi’s 73rd birthday.

Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

Notably, Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people.

V Lee, Foxconn‘s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.

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In August this year, Karnataka governments had said that Foxconn has planned to invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment.

Earlier this month, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) had said, ‘India will be an important country in terms of manufacturing in future’.

In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an “appropriate amount of time in India” and the process will be shorter given the experience. The environment too is not quite the same, he said pointing to the advent of new technologies like AI and generative AI.

Meanwhile, Apple Inc. has announced plans to make the India-built iPhone 15 available in the South Asian country and some other regions on the global sales debut day, according to a Bloomberg report.

While the vast majority of iPhone 15s will come from China, that would be the first time a latest generation, India-assembled device is available on the first day of sale, they said, asking not to be identified as the matter is private.

Apple introduced the iPhone 15, updated watches and AirPods at a gala event at its US headquarters. Sales of new products begin typically around 10 days after the unveiling.

 

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