You know emotions can wreak havoc on investors. Feeling good or bad about investments shouldn’t be a month-to-month roller coaster. But in my conversations with you, I know you’re reading that the so-called experts are calling for more doom and gloom. They’ve been making this call for years now. Even a broken clock is right—you […]
These 10 States Are Fighting for Your Liberty Retirement
You know that Your Survival Guy wants you to live a Liberty Retirement. That means paying the fewest of your hard-earned retirement dollars possible to a government that wants to spend them on politicians’ pet projects. In 2022, ten states have worked to lower the burden on retirees. Jackson Brainerd of the NCSL lists their […]
IN FOR THE LONG HAUL: Building Wealth with Compounding
Compounding money can be boring. It takes time. But then suddenly it becomes fun. Stick with me. I’m in this for the long haul. Action Line: If you want to talk to me about building wealth with compounding, click here.
What Can We Learn from Hurricane Season?
What can we learn from hurricane season? For one it always seems to come as a surprise. And once again we’re in the thick of a major one. When it comes to investing, I’m always taken aback by how much risk investors take and how they’re surprised when markets go down. Hurricane Prep: Can You […]
FOLLOW THE MONEY: Wealthy Americans Fleeing High Tax States Faster than Others
Treasury bond yields are rising. You can sink your teeth into these yields. The interest on treasuries is generally exempt from taxation at state and local levels. That could come in handy if you’re living in one of the high-tax states mentioned below. If you live in a high-tax state what are you waiting for? […]
RIGHT TO WORK: Ford Will Build New Truck in Kentucky
Ford has chosen a location for the production of its new F-Series Super Duty truck. The destination for $700 million in new investment and 500 permanent jobs is the Right to Work state of Kentucky. The government of Louisville stated in a press release on the investment: Today, Mayor Greg Fischer joined Gov. Andy Beshear […]
Prices Are Like Adult Kids: You Don’t Have Much Control Over Them
Prices. They’re like adult kids. We don’t have much control over ‘em. What do we do with them? I’ll tell you. Tough love hurts. Spend less, save more. Become an independent inflation fighter. Because inflation means different things to different people. A new iPhone isn’t as important to me as, say, it is to someone […]
HALF A TRILLION DOLLARS: Student Loan Bailout Will Cost over Twice What Biden Promised
Shocker. The Congressional Budget Office has scored Joe Biden’s student loan program, including the canceling of debt, the extension of a pause on student loan payments, and a decrease in the percentage of income borrowers can be forced to pay from 10% to 5%. The final numbers are horrifying for Main Street Americans being asked […]
Biden Admin Hoping to Avoid the American People Until November
You already know that the Biden administration doesn’t want to talk about how much its student loan bailout will cost taxpayers, but they also don’t want to talk about America’s soaring crime rates either. It seems that they would prefer to wait until after November to discuss the answers to any of the questions Americans […]
Trying to Reason with Hurricane Season
“Do you see the waves crashing over that rock dead ahead?” my dad said loud enough for me to hear over the 25-knot winds and 7-foot waves crashing over our bow. “Yes, got it,” I said. “We’re good on this heading. We can round that red can up about a quarter mile ahead.” “It’s at […]
State Pension Funds Brace for Private Equity Losses
Pensions are bracing for their private equity losses as officials predict grim results. And that’s not even accounting for the fact that valuations can be far worse than reported. From the WSJ: Andy Nick, a managing director at Jefferies’ private capital advisory arm, said private-equity managers tend to understate both gains and losses during individual […]
DeSantis Batted .313 in Four Seasons at Yale
I like this tidbit from The Boston Globe’s Dan Shaughnessy: Sticking to our political theme, are you aware that Florida Governor Ron DeSantis was baseball captain at Yale, where he teamed with former Red Sox lefthander Craig Breslow? DeSantis grew up in Dunedin, Fla., spring home of the Blue Jays, and played on a Little […]
Remembering Ronald Read Who Died with an $8 Million Fortune
Do you remember our old friend Ronald Read who died in Brattleboro, VT, in 2015 with an $8 million fortune? “He lived modestly, working as a maintenance worker and janitor at a J.C. Penney store after a long stint at a service station that was owned in part by his brother,” writes Anna Prior in The WSJ. […]
DeSantis Describes the Great American Exodus
Americans are moving to where their money and freedoms are respected. Below, The Wall Street Journal’s Daniel Henninger describes Governor Ron DeSantis of Florida explaining what he calls the “Great American Exodus.” Henninger writes: Shortly before the Vineyard controversy, Gov. DeSantis delivered an interesting speech near Miami to a convocation of conservatives. Some called it a test […]
Honey, Where’d all the Covid Money Go?
Government spending begets the abuse of government spending. The flood of government Covid spending has generated a vast amount of fraud. A Labor Department report released on Thursday found that criminals potentially stole $45.6 billion in fraudulent unemployment insurance claims. That’s about as much as the budgets of the EPA and the National Science Foundation […]
How Long Will Your Pension Fund Last?
Retired public employees from California are suffering the ill effects of having their pension fund, CalPERS, the largest in the country, politicized. CalPERS has focused intently on using its influence in markets to achieve political goals, but now shareholders are getting upset with its lackluster performance. The Wall Street Journal’s James Freeman reports: There is […]