’Tis the season…

It’s almost September and the tariff wars are likely to keep driving up the price of products imported from China. That makes now a good time to do your Christmas shopping and here are some hot tech items to consider.

Someonw in your family might benefit from a thin and light computer, for both work and play, priced so a second mortgage isn’t needed. The Lenovo IdeaPad S340 ($589) features an 8th Gen Intel Core processor, full backlight keyboard, webcam privacy shutter and up to 10 hours of battery life for use on the go. When it’s time for entertainment, such as TV shows and video games, this Windows 10 laptop boasts a 15.6-inch full HD display with slim bezels along with clear and loud Dolby Audio sound. There’s also an optional touchscreen available.

Amazon’s voice-activated personal assistant is on sale right now for $29.99. Put Amazon’s 3rd Generation Echo Dot anywhere in the room and say the wake word, “Alexa,” followed by a question. You can ask for homework help, history information, music of your choice or even a daily news briefing. If you have compatible gear, you can ask Alexa to lock the doors or turn on the lights or set the thermostat.

You can ask the Amazon Echo to play podcasts, audiobooks or interactive games; get real-time traffic, weather, and sports scores; or make free phone calls to any 10-digit number in the U.S. or Canada (over Wi-Fi) or call another Echo at no charge.

Epson has solved the biggest pain point when it comes to printers: running out of ink and having to pay through the nose for a small cartridge. With the Epson EcoTank ET-2760 all-in-one ($249), you get enough ink out of the box to last up to two years. That equates to 7,500 pages in black and up to 6,000 pages in color. When it’s time to buy more, they’re inexpensive and easy-to-install bottles rather than pricy cartridges. This multifunction printer/scanner/copier also lets you print from smartphones and tablets, including support for Apple AirPrint.

How about a great-looking 50-inch 4K Smart TV for just $279. The Hisense R7 4K UHD TV with HDR Roku TV offers a lot of bang for the buck, thanks to its large and clean screen that features four times the resolution of Full HD – and with High Dynamic Range for better contrast, brightness and color reproduction – plus loud, built-in 20-watt front-firing speakers. This television has a built-in Roku Smart TV platform – therefore, no separate Roku stick or box is needed – to access thousands of channels of on-demand video and other content, including movies and TV shows, live sports and news.

Keep all your tech charged up with the Mophie 3-in-1 wireless charging pad ($139). Designed mostly for iPhones, AirPods and Apple Watch – but any other Qi-enabled device will work, too – this sleek-looking charging station features 7.5-watt fast wireless charging for all your tech, all at the same time, and all in one location. No cables needed. Just place down your smartphone, watch and earbuds and return a few minutes later. The top of the pad is covered in glass, which adds a stylish finish to the black and white charger.

The Maxi-Matic EBK-200 Elite Cuisine Station ($35) is a quirky accessory for starting your day off right with breakfast. Ideal for a dorm room, it’s a 3-in-1 toaster oven, coffee maker and griddle. Despite its small footprint of only 10.6 x 10.6 x 17 inches, this multitasking gadget features a four-cup coffee maker, single-slice toaster oven (which can also hold a muffin, bagel, or croissant), and six-inch griddle for fried eggs, sausage or bacon.

Websites Offer Cheap Textbooks

It’s back-to-school time and the cost of textbooks can rapidly drain your wallet. But there are some ways to save on those books. Here are some places to do it.

Pearson Books says 1,500 of their textbooks will now be offered electronically as a way of lowering the cost of higher education. The average cost of one of their e-books is $40 and can be upgraded with digital learning tools for $79. The e-books update with new information as it comes out. If you prefer to have a physical textbook, you can rent one for about $60.

“Students live in this online world. They access content all kinds of ways. They often don’t need to own the textbooks and the educational content,” said Laura Howe, vice president of innovation communications at Pearson. “We feel like students should be able to choose course-ware that fits the way they live, that fits the way they actually want to learn, which is often digitally, and also fits their budget.”

Howe said almost 90% of students are using digital tools for learning, up from 78% a year ago and 69% two years ago.

Pearson also offers discounted textbooks as part of their Inclusive Access program at 700 colleges, including the University of Missouri, University of Florida, UC Davis and more. Students should check to see if their school is participating in the program.

Chegg Books is a website where you can buy, rent and sell textbooks. It advertises bargain prices up to 90% off campus bookstore prices and has a page for cheap textbooks. If you rent a textbook but want to keep it for longer, you can extend your rental or buy it at the end. Chegg even allows you to highlight important parts of your book.

If you’re not the type to carry physical textbooks, Chegg also has a selection of e-textbooks you can highlight, take notes on and get help from study experts through the Chegg Study subscription. If you prefer physical textbooks, Chegg will give you access to an e-version of your book for seven days while your copy is being shipped to you, which can be particularly useful if you need the textbook your first week of class if it’s still on the way.

Some classes don’t ask for textbooks but require an access code for a program used for lectures, labs and homework, which you can also purchase from Chegg. From now until the end of August, you can get free shipping on your textbook order of more than $35.

Amazon’s textbook rental program works well. Armed with a list of textbooks you need, you can search Amazon for them and have them shipped with no hassle. When you rent from Amazon, you have a 30-day period to return the book in case you decide to drop a class or realize the book isn’t necessary for the course. Returning the textbook is free at the end of the semester; you just have to drop it off at the carrier on the shipping label Amazon creates for you.

If you need regular books for class instead of a textbook, Amazon is a useful place to get them at a reasonable price.

Thriftbooks is another website where you can get serious discounts on textbooks. They have a variety of books from classic literature to business and medical texts and can be used at all levels of education. The
website where you can get a book for the best price. It even looks up coupons for you to get you more deals.

If all else fails, there’s a good chance there’s someone at your school who took that same course last semester and wants to get rid of their textbook they are likely to never use again. More often than not, there’s a Facebook group you can join where people post textbooks they’re selling. Most of the time they just want to get rid of the book so they’ll give you a good discount on it.

Nice Problem, Near $100 Billion to Spend

It’s a milestone Warren Buffett probably wishes he weren’t approaching.

Berkshire Hathaway Inc., the conglomerate he’s run for more than half a century, reported it held just shy of $100 billion in cash at the end of the second quarter. That figure highlights the staggering money-making ability of the businesses he’s collected over the years. It’s also a burden because Berkshire doesn’t pay a dividend and rarely buys back its own stock, Buffett is on the hook to find ways to invest those funds.

“To put that money to work would be great,” said David Rolfe, chief investment officer at Wedgewood Partners, a money manager overseeing about $6 billion including Berkshire stock. But the “list of companies that he would like to own is very, very small.”

Buffett, 86, addressed the mounting cash pile at Berkshire’s annual meeting in May, saying he hadn’t put his “foot to the floor” on an acquisition for a while and shouldn’t keep so much money earning next to nothing for long periods. The war chest includes some cash-like securities, such as Treasuries.

“The question is, ‘Are we going to be able to deploy it?’” he told the thousands of shareholders gathered at the CenturyLink Center in Omaha, Neb. “I would say that history is on our side, but it’d be more fun if the phone would ring.”

Buffett has been finding a few places to invest. He built a holding in Apple Inc. through the beginning of this year. Then, in June, Berkshire made two smaller equity investments. One was a stake in a real estate investment trust and the other propped up Home Capital Group Inc., an embattled Canadian mortgage lender.

Most significantly, Berkshire’s utility arm struck a deal last month to buy Texas’s largest electric utility for about $9 billion. The transaction its being challenged by Paul Singer’s Elliott Management Corp., but completing it would make a dent in the cash hoard.

Lots more is bound to pour in. Berkshire posted $4.26 billion in net income for the second quarter. The results were down 15 percent from a year earlier, partly on an underwriting loss at insurance businesses. But a number of Berkshire’s other subsidiaries – from railroad BNSF to its collection of manufacturing businesses – posted gains.

Part of Buffett’s challenge in finding new investments may be the years-long bull market. With stocks regularly setting records, it’s simply harder to find attractive deals, said Jim Shanahan, an analyst at Edward Jones. The growing cash pile is also a sign of Buffett’s willingness to wait for the right opportunities.
“It’s not a cause for alarm,” Shanahan said. Over the next few years, “they’ll make some really interesting investments.”

One thing that could accelerate Berkshire’s spending is a correction – or even a bear market, said Bill Smead, who oversees about $2.2 billion including Berkshire shares at Smead Capital Management. In the past, Buffett has pounced when companies or the broader economy runs into trouble, making investments on favorable terms.

If that happens, said Smead, “he’s in a perfect spot.” That perfect spot may be at hand in view of Wall Street’s gyrations in recent weeks.

Heed the Oracle

Stock market gyrations have you worried? Take some tips from the Oracle of Omaha – famed investor Warren Buffett.

The Berkshire Hathaway chairman and CEO’s advice will serve you well. His knack for keeping a clear head when everyone else is selling, may make his the only advice you need to navigate uncertain times.

Buffett’s ability to tune out the noise and remain optimistic amid these downturns has played a vital role in his unrivaled performance over decades. Between 1965 and the end of 2017, Berkshire’s market value has increased at an annualized rate of 20.9%, more than doubling the S&P 500’s average annual growth of 9.9% during this same period. This 20.9% annualized growth rate for Berkshire’s market value translates to a total return of 2,404,748%, obliterating the S&P 500’s 15,508% gain during the same timeframe.

Notably, this performance was achieved amid a number tumultuous financial periods, the 1973-74 stock market crash, Black Monday, the bursting of the dot-com bubble, a sharp pullback after the September 11 attacks, and the more recent Great Recession between December 2007 and June 2009.

Stocks can fall far — and they can fall fast. When investing in stocks, there’s always a risk that a major downturn is right around the corner. In fact, stocks not only fall often, but they’re totally unpredictable. As Buffett said in his most recent shareholder letter, “There is simply no telling how far stocks can fall in a short period.” Stock market declines are inevitable — and they will come in all shapes and sizes. Be prepared.

Avoiding leverage will give you greater clarity. To be able to make good decisions amid a stock market crash, investors must remain calm. As Buffett has said, “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing. There’s one way that makes poor judgment a near certainty when things go awry – trade on margin. Debt distorts all decision making in investing — especially during a stock market crash.

Don’t try to time the market. Don’t try to forecast when stock market crashes will occur. Just know they will come. In Berkshire’s 2017 shareholder letter, Buffett outlined four times when Berkshire stock fell 37% or more, representing what he called “truly major dips.” The biggest decline occurred from March 1973 to January 1975, when Berkshire stock declined a whopping 59%. “In the next 53 years our shares (and others) will experience declines resembling those in the table,” Buffett said about these four major declines. “No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow.” These pullbacks, which were all accompanied by broader drops in the stock market, are undoubtedly painful for investors. But no matter how much you wish to avoid them, trying to time them is a fool’s errand.

Don’t view stocks as ticker symbols. To help maintain a clear head during stock market crashes, investors should remember that they are business owners — not ticker symbol owners. While stock prices may plummet, the majority of companies with good business models and strong competitive advantages will likely see a far smaller negative impact to their underlying businesses during these periods. So, be sure to detach stock price performance from business performance.

Here are his tips:

Buffett explained this in his most recent shareholder letter: “Even if your borrowings are small and your positions aren’t immediately threatened by the plunging market,your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions.”

Buffett elaborated on this concept in Berkshire’s most recent shareholder letter. “Charlie (Munger) and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their ‘chart’ patterns, the’target’ prices of analysts or the opinions of media pundits. Instead, we simply believe that if the businesses of the investees are successful (as we believe most will be) our investments will be successful as well.”

Stay invested. While stock market crashes and major downturns have proven to resurface time and time again throughout history, an even stronger trend has been the powerful wealth-building returns of stocks over time. The Dow Jones Industrial Average, for instance, has risen an average of 10.3% annually over the last 100 years when including reinvested dividends. Don’t be that person that liquidates their portfolio during a recession. In fact, be the person that is keeping most – if not all – of their portfolio invested.

Buffett explained the importance of staying invested in Berkshire’s 2012 shareholder letter: “Since the basic game is so favorable, Charlie and I believe it’s a terrible mistake to try to dance in and out of it based upon the turn of tarot cards, the predictions of ‘experts,’ or the ebb and flow of business activity. The risks of being out of the game are huge compared to the risks of being in it.”

Go shopping. Even better than not selling stocks during a recession is to actually go on the offense. In bull markets, investors can occasionally find reasonably priced, wonderful businesses. But they can rarely find wonderful businesses trading at a significant discount to their fair value. Stock market crashes are the rare times when high-quality businesses can be found in the clearance aisle. Go shopping!

Buffett has famously said,”Be fearful when others are greedy and greedy when others are fearful.” He also says “When major declines occur … they offer extraordinary opportunities to those who are not handicapped by debt.”

Stay focused on the long haul. Don’t get caught up in near-term economic forecasts or the popular headlines of the time, whether those are ones of sheer optimism or gloom and doom. Investors are not traders. They are business owners with long-term views. So, remain focused on the long haul during downturns.

Buffett explained this concept in Berkshire’s 2017 shareholder letter. “Stocks surge and swoon, seemingly untethered to any year-to-year buildup in their underlying value. Over time, however, Ben Graham’s oft-quoted maxim proves true: ‘In the short run, the market is a voting machine; in the long run, however, it becomes a weighing machine.'”

In a nutshell: Remain calm and be patient. Last but not least, embrace some of Buffett’soptimism, exemplified in a quote from Berkshire’s 2012 shareholder letter:

“American business will do fine over time. And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor. (The Dow Jones Industrials advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions. And don’t forget that shareholders received substantial dividends throughout the century as well.)”

Stocks have survived depressions, recessions and corrections in the past, and they will survive them in the future. So, if you find yourself amid a stock market crash, stay out of debt, stay focused on the long-term, and take advantage of buying opportunities. Every downturn will eventually turn back upward.