ValueStockGeek
@ValueStockGeek
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Index funds are great for the masses, but if you're rich and financially sophisticated you should be buying extremely complicated investments that will probably underperform over the long run while blowing a massive amount of money on fees so you can feel superior to the masses.
I hate to break it to you but you’ll never get rich investing in index funds . Somehow the masses have been convinced if they invest $100/month they’ll be a millionaire by 65. The truth is $1 million in 40 years will buy you a Toyota Camry at best.
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Median house price was $90k in 1986. Median household income was $24k. Median price is $410k today. Household income, $80k. Mortgage rates in 1986 were 10%. 6.7% today. At 10% with nothing down, annual payments on a median 1986 household income were 39.4%. It's 39.6% today.
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The most fun image & video creation tool in the world is here. Try it for free in the Grok App.
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The median household income in 1985 was $23k. If you were making $70k in 1985, you were rich.
I’m not a big fan of blaming boomers for everything but they really did have it easy. The house I grew up in was a 1500 square foot colonial my Dad bought in 1985 for $70k. Him and my mom made just a bit more than that combined at the time. It’s equivalent to a couple bringing.
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The government created a mess of our healthcare system and pharma & insurance get all of the heat. Absolute BS.
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It sucks that the left and right both hate on the pharma industry, now. The left because they’re Marxists and the right because they’re chugging conspiracy theory Kool Aid. American pharma invests in new treatments that wouldn’t happen elsewhere without a US profit motive.
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I quit drinking in 2008, but this is 100% right. I'm wired in a way where it's either 0 drinks or 18 of them, with no middle ground. But, if you're not like that can go out and have a few drinks with friends, then it's good for your mental health to do that now and then.
Everyone blames social media for making ppl miserable these days. I think you could make the case the decline in drinking and partying plays an even bigger role. Right or wrong *most* ppl would be happier if they drank more alcohol.
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I’m not saying that’s going to happen this time, but if it were investing were as easy as ‘easing = go ultra long,’ then more people would be a lot more rich. 2020 was the anomaly, not the rule.
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First rate cut of the 2001-03 cycle: January 3rd, 2001. First rate cut of the 2007-10 cycle: September 18th, 2007. In other words, they were at the beginning of 40-50% declines in the market.
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If you enjoyed Heat, try out Thief. It's just as good.
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They had plenty of labor in the Soviet Union, and they couldn't fill grocery store shelves or manufacture enough toilet paper, and there was a waitlist to get a shitty car. But, sure, labor alone could make an iPhone.
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When you're in debt, living paycheck to paycheck, with minimal cash buffer, it's a non-stop state of stress & anxiety. A job loss could make you homeless. You don't know if you'll be able to afford the next meal. You think about your debts all the time.
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100%. When I went from in-debt to having no debt and about $10k, it was like the weight of the world was lifted from my shoulders. In terms of overall hapiness, getting past that hurdle was more life changing than when I passed $100k or $1 million.
The most life-changing amount of money isn't hitting $1M or even $100,000. It's the first $10,000. My latest on the importance of escaping Level 1 (<$10k).
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Check out my latest podcast with @dollarsanddata. We discuss his new book, The Wealth Ladder. Available on all platforms: Spotify, Apple, etc.
securityanalysis.org
Today I’m speaking with Nick Maggiulli.
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Gold and treasuries work better as diversifiers (and deliver better long term returns) than most high fee illiquid alts.
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Hitachi. "We make nuclear reactors and heavy duty earth moving equipment." . "Also, vibrators."
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And, yes, I get it. It's a goofy science fiction fantasy movie. But, the key to any good fantasy is having some semblence of rules that you abide by. If you just turn it into "anything can happen because it's fantasy," you lose dramatic tension and take the audience out of it.
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The Last Jedi deserved MORE criticism than it received. The entire movie is a steaming pile of horse manure. Leia’s force resurrection in space was totally ridiculous. If the force can revive a dead person in the vacuum of space, why does any Jedi ever die? The force can also.
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Early 2000's - if you simply avoided the trainwreck at the top of the index, you delivered outperformance. I think a lot of people completely forget about that. In fact, they've been conditioned in the opposite way.
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In the 1990's, the biggest stocks worked. Once the environment shifted in the 2000s, it was "anything but the biggest stocks" (equal weight, mid caps, small cap value, etc.) that worked. For awhile now, the biggest stocks are what's working. It will turn again.
$MDY, the S&P 400 (the midcap index) has been sucking wind against $SPY, the S&P 500 (the large caps) since 2011 (!). MDY lagged SPY in the late 1990s but outperformed from 1999 to 2011.
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‘I don’t want to own treasuries after what happened in 2022.’. ‘I don’t want to own gold after the run up.’. ‘Stocks seem overvalued and I am worried about a crash.’. Reality: You can’t predict these assets via recent price action & this is a key reason to own a basket of them.
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For me, it’s more about the ethics of the person running the company. Character is destiny. If the leader is a scumbag, it’s eventually going to cause trouble. It can take a really long time, though, but you don’t want to own a share when it goes down.
Are there companies you wouldnt invest in for ethical reasons? Is there such a thing as ethical investing?. It's a tricky question. Ethics and morals are subjective. Some people say tobacco is immoral. I think it’s immoral when someone tells me I should pay more just because.
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