Trajan
@TrajanKing
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Former Silicon Valley consultant & Wall St. analyst. Editor of @morningdwnld
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Joined October 2018
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About 14.9% of Switzerland's population has a net worth of $1 million or more making it the country with the most millionaires per capita; however, the US still has the highest number of millionaires in the world – 21,951,000
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I created a spread to help you start and automatically track your net worth.
It's the same exact model I use to track my assets ⬇️
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U.S. Banks now need more assets.
New regulations for US banks with >$100B must maintain debt levels equal to 3.5% of average total asses or 6% of risk weighted assets.
Why? Regulators think more bank failures probable.
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Buffett’s Berkshire sold $8 billion worth of stocks in the previous quarter and has disposed of a net $33 billion of stocks since the beginning of the year.
Experts say this move is an indication that Buffett’s preparing for a recession.
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Trouble on the horizon.
A growing number of consumers "are failing to make credit card payments," as per Macy's.
According to a rep, the company had expected delinquencies post-Covid; however, the rate has surprised the management.
The situation brought Macy's credit card
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The Fed shouldn't have this much control over finances to the point where the entire market is watching Powell's speech to find out if we'll be rich or poor.
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🍻 What do you like or dislike about the Morning Download daily newsletter?
Would love your feedback so we can make it better.
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Can you retire twice? It happens.
What if you don't like retirement? It's okay. Try something else or do it your own way.
There's no one way to retire or spend financial independence.
#retirement
#investing
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Prepared for the crash? Use the 3 bucket method to protect your assets.
#investing
#savings
#retirement
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So true. Most rich people don't look or act like they're rich.
Buy a brand new car and a big house and everyone thinks you have a lot of money
Save, invest, and live below your means and everyone thinks you are broke
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Goldman Sachs saying there's a 15% change of a U.S. recession, yet Bloomberg is at 60%. Who do you believe?
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Where do you start building wealth?
Step 1: create a budget and know where your money is going and how you can control where it will go.
Learning this first will make everything else easier.
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So you agree? Comment below.
Humans do many stupid things, but printing money has to be one of the stupidest:
- Steals from prudent savers and rewards imprudent politicians
- Widens gap between rich and poor, thus undermining the stability of society
- Purchasing power stolen is used to fund fake news,
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The US economy expanded at a 2.1% annual pace from April through June, showing resilience. However, this is lower than the previously reported figure of 2.4%.
If Taylor Swift driving the growth?
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Fun fact: Guyana has the fastest growing GDP in the world. Why? Oil production rose from virtually zero in 2019 to over 100,000 barrels per day (bpd) in 2021, and the World Bank sees output rising to more than 400,000 bpd by 2024 as new projects come online.
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Totally agree. I made a video about this a few months ago. Not a current worry since those countries currently have so much on their plate.
BRICS currency update:
Brazil, does it matter?
Russia, deindustrialising after war
India, not interested in BRICS currency
China, panic mode with real estate and demographics collapsing
South Africa, cannot even get stable electricity
Other than that what did I miss?
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Apple originally had three co-founders, including Ronald Wayne, who left the company only 12 days after it was founded. He sold his 10% share for only $800, but if he had stayed, his shares would be worth around $60 billion today. Oops!
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The market has been going great for a while but it will not continue to go in this direction, so choose wisely.
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Most guidelines say you should limit sugar to <37g daily. That's not much. This crap they sell is incredible.
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Is this really happening Indian followers?
Hundreds of Indian farmers have been using Pepsi & Coca-Cola to spray their crops as it’s 10 times cheaper than buying pesticides and keeps the crops bug free.
🔊
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Why do you think Disney is down so bad?
Disney $DIS is currently on pace to close trading today at its lowest level in almost 9 years
Disney shares haven’t closed lower than $84 since Oct. 17, 2014
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The U.S. just passed $33 Trillion in debt with a Debt to GDP ratio of 122%. We're breaking all the wrong records.
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Does this resonate?
Them: I don’t need to retire early I’m happy working until I’m 65
Me: I retired at 32
Them: Jealous! But I’d get bored I could never do that
Me on weekdays: Hikes, writes a blog, travels, does hobbies, swimming, meets friends for lunch
We are not the same.
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Here's the podcast version of the Morning Download newsletter. Thoughts?
Top story: The U.S. is in trouble.
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Fun Fact: The DOW is up 11 days in a row. An 11 day record happens about once every decade. This is the 6th time it’s happened since 1945.
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Today's update:
Home supply hit a new low 📷
Sales fell in July 📷
Yet, prices went up 📷
Existing home sales fell 2.2% in the July, hitting a 6 month-low due to more homeowners choosing to keep their homes as they’re locked in cheap mortgages. Sales are down 16.6% .
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Today's Morning Download! ⬇️
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Europe is having a slower recovery
Why? Inflation is at a record high (and not coming down quickly), while the COVID-19 pandemic have also contributed to the economic stagnation.
Inflation is still high at 5.5% in June, but coming down.
The population is aging and the recovery
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“Money is a terrible master but an excellent servant.” ~P.T. Barnum~
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JP Morgan CEO warns on US economy:
"While the current situation of the US economy is good, it would be a “huge mistake" to believe that it will last for years."
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"Financial statements are the most important documents a company produces. They are the basis for all other financial decisions." - Robert Kiyosaki, Author of “Rich Dad Poor Dad”
Do you understand financial statements? Read the 3 part series in <5 minutes here.
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In the short run things are looking pretty good with decreasing inflation and low unemployment, but long term doesn't look so great.
The U.S. Now Has:
1. Record $17.1 trillion in household debt
2. Record $12.0 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Record $1.6 trillion in student loans
5. Record $1.0 trillion in credit card debt
Total mortgage debt is now more than double the 2006
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US Economy slows: The economy expanded at a 2.1% annual pace from April through June, showing resilience. However, this is lower than the previously reported figure of 2.4%.
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The Chinese economy is slowing thanks to a 21% youth unemployment rate and a drop in property investing.
GDP was just 0.8% in Q2 due to lower retail sales.
Annual GDP was 6.3%, which was less than the 7.3% expected.
China’s post-Covid recovery is slower than anticipated and
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Is Jarvis coming soon?
The development of autonomous AI agents is a rapidly growing field of research, with companies like Google, Amazon, and Microsoft all investing heavily in the area. These agents are designed to operate in the real world without human intervention, and some
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Is it like this where you live?
This is one of the best ways to save money: stop eating out. It's healthier too.
There is hardly a restaurant left in my town where dinner is not in the $100 a head range. Add in the tax and the demanded 18% tip and we are approaching $300 for a dinner for two. These aren't restaurants, they are places to go to set you money on fire. Halucinatory!
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Have you heard of all these car makers? Some will be shrinking, starting now. Can you guess which ones?
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Today on the pod:
No interest rate hike. What's coming next?
Opportunity to buy Netflix?
Benefitting from the high interest rates
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Overstock is changing their name to Bed Bath & Beyond after they bought the IP out of bankruptcy. Stock up ~25% since.
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Oil up to $92, up 45% in 4 months.
How does it affect you?
Canada just announced inflation up again to 4%, thanks to gas prices.
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We just created an X account for the Morning Download daily newsletter. Follow us here for more personal finance:
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Yikes! 😬
When the head of BIS says “central banks will have absolute control” over all uses of money, that’s not democracy.
That’s when Keynesianism finally drops the mask and becomes flat out communism: total centralized control of all resources by unelected bureaucrats.
Listen:
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In my newsletter yesterday I talked about WD-40 and how the stock was doing.
A reader responded that they appreciated a smaller company being featured, which I really appreciate because I’m trying to spotlight companies and trends besides just the big tech companies.
Small and
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Good for Rumble refusing to demonetize Russell Brand, as YT did, even though he hasn't been convicted of anything, let alone indicted!
When will the rush to X and Rumble begin?
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If you can do it drunk and fat, it's not a sport. It's an activity. 🏌🏽♂️
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These will last less than an hour before they're destroyed.
Also, they look like Daleks.
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Standard Charter predicted Bitcoin at $120,000 next year. Thoughts?
Seems likely
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Pipedream
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It’s looking like the consensus on Wall Street on the upcoming recessions is… we’re not much less likely to actually have one!
A Wall Street Journal poll of economists found they think the likelihood of a recession next year has fallen from 61% to 54%.
Also, the University of
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Today on the pod: Is Apple a buy?
Homebuilders aren’t happy
Go here this Christmas (cheap holiday destinations)
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A great illustration of why you should DCA (dollar cost average) and never sell at the bottom, despite what your emotions want you to do.
If you want to become a better investor, watch this video.
Time (and a strategy you can stick with) > TIming
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Is this why the U.S. is broke?
She actually said this, while we are running deficits over $2 trillion per year.
Janet Yellen: US Treasury secretary says
'We can certainly afford two wars'
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Is the movie industry back?
How many credit cards should you have?
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We just passed 50,000 daily readers! Thank you for reading the daily newsletter!
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Simplify
Apple’s website before and after the return of Steve Jobs.
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Why was Apple up today? Shares closed +1.69% at $177.97.
Because the iPhone 15 is seeing strong pre-orders.
Also, the company announced big annual updates on Monday for anyone with an iPhone released in 2018 or later.
What does this update mean?
The update brings
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There is a myth surrounding October in the stock market. Called The October Effect.
People think that the stock market declines more during October than during other months. There were two big crashes in October. The Great Crash of 1929 and the Crash of 1987 were both in
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China is stockpiling oil. Either because they can get it cheap from Russia and Iran now or because they're preparing an invasion of Taiwan. Which is it?
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I had never heard of Helen of Troy (the company, not the historical person) until researching it for tomorrow's newsletter. They're behind a lot of the products we buy. The stock was up 18% today.
May be worth checking out:
Helen of Troy is a $3B provider of consumer products
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Not even analysts know where the market is going. The projections rand from +9% to -27%. Where do you think we're going?
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In the not too distant future, investors will be talking about the impact the Tesla Bot is having to the bottom line.
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Today on the pod: Is
@Tesla
the big winner in the auto strike? (Answer: yes).
Plus, how to invest in real estate.
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Nvidia fell as low as $424.80 today before recovering and closing at $429.14.
But why? Because of the Biden administration’s decision to halt shipments to China of more advanced AI chips, designed by Nvidia and other companies.
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There are strikes everywhere. Here's a quick list:
United Auto Workers (UAW): About 13,000 are participating in this strike but it has the potential to worsen.
Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA): With 160,000 actors and
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Today on the pod: China stockpiling oil?
Yellen isn’t expecting a recession
Binance versus SEC continues
Best states to buy a house
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As oil nears $100 a barrel gas prices up $6/ga in CA.
What is it where you live?
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Is the U.S. government shutting down?
How will it affect the market?
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World news with some humor
#Pelosi
#China
#Beijing
#WorldWar3
#WW
#WWIII
#WW3
#WorldWar
#War
#USA
#ChinavsTaiwan
#ChinaFire
#ChinaArmy
#ChinaDailyCartoon
#Taiwanchina
#taiwanwars
#Taiwan
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DOOCY: "Classified materials next to your Corvette? What were you thinking?"
B:"My Corvette's in a locked garage so it's not like it's sitting on the street."
DOOCY: "So the material was in a locked garage?"
B:"Yes— as well as my Corvette."
#BidenClassifiedDocuments
#BidenGarage
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As Reagan put it, A recession is when your neighbor loses his job. A depression is when you lose yours.
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UAE becomes the hottest real estate destination attracting rich investors from around the world, but is this boom temporary?
#uae
#investment
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It’s been 2 years since the Nasdaq hit a record and it’s gone nowhere since. Analysts expect the market to remain flat in 2024.
#stockmarket
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On this date in 2027, at current rates, US national debt will be nearly $45 Trillion.
What are the implications? None of them good. We'll cover it in the newsletter.
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South Korea solar panel maker Qcells is investing more than $2.5 billion to build factories in Georgia, marking the largest solar investment in American history.
#solar
#georgia
#investment
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Fun fact: The lifespan of a banknote varies depending on its denomination. In the United States, for example, a $1 bill typically lasts around 5.8 years, while a $100 bill can last up to 22.9 years. The durability of higher denomination bills is due to them being handled less
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Ever wonder why the U.S. hasn't changed to the metric system yet? Well, they tried and failed.
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About 55% of US
#unicorns
(319 of 582) are made by Immigrant entrepreneurs including some belonging to developing countries. Is your nation on the list?
#Immigrants
#Immigration
#israel
#india
#canada
#us
#unicorn
#big
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is cutting 20% of its global workforce due to the ‘significant industry damage’ caused by FTX.
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🥤 Fun fact: Buffett owns 9.26% of the outstanding Coca-Cola stock. His first Coca-Cola trade was made in Q4 1998. Since then he has bought shares ten more times and sold shares on eight occasions. The stake cost the investor $13.2 Billion, netting a gain of 61% so far.
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Do not save what is left after spending, but spend what is left after saving. - Warren Buffett
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Walmart is teaming up with Salesforce to sell its tech to other retailers.
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Microsoft is pulling ahead in the AI/AGI race. Can anyone catch up?
we have more unity and commitment and focus than ever before.
we are all going to work together some way or other, and i’m so excited.
one team, one mission.
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@txsalth2o
@NBCNews
Exactly. He wasn't going there for a photo op or guided tour to fake cry in his white pants.
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Market showing weak signals
Plus, how to save on health care costs.
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