You can see the disastrous effects of reverse compounding four percent over several years (it’s more than four percent in the real world). This is a time to keep what you make, save til’ it hurts, and work for as long as you can. And only when you have enough money to retire on—with the comfort you deserve—you might want to reconsider. Inflation can eat up your returns, and it's still running hot in the Biden era. Gwynn Guilford reports in The Wall Street Journal: Inflation fell in May to around half last year’s peak but remained elevated, showing Federal Reserve officials made … [Read more...]
Serving Two Masters is No Way to Invest
Are you working with a fiduciary? What is a Fiduciary? In “The Fiduciary Principle: No Man Can Serve Two Masters,” the founder of The Vanguard Group, John (Jack) Bogle, explained the fiduciary duty as follows: “The fiduciary is expected to act at all times for the sole benefit and interests of the principal, with loyalty to those interests.” Nowhere in Bogle’s full definition (here) does he mention allowing a firm’s politics to guide it. But that’s exactly what has happened with ESG. The ESG Cartel Is Vanguard Voting Against Your Political Beliefs? Was Silicon Valley Bank a Victim … [Read more...]
Don’t Miss a Generational Opportunity for Fixed Income Investors
Stocks can stay down for generations. Why wait for stocks to do something for you when you can lock in generational rates today? Action Line: When you’re ready, I can help you. … [Read more...]
A Lesson in Survival
You may have recently read the incredible story of the survival of four children, one only 11 months old, who survived after their plane went down in the Colombian jungle, killing their mother and the other adults on board. If you haven't heard the story, Fox News's Brie Stimson reports the details, writing: Four children who survived a deadly plane crash that killed their mother May 1 stayed alive for more than a month before their rescue in the Colombian jungle by eating cassava flour and jungle fruits, officials and family said. The children, ages 13, 11, 4 and 11 months, were rescued … [Read more...]
Starved for Fixed Income?
You can sink your teeth into today’s yields. But don’t let the search for the perfect time to get in weigh you down. I’m not in the prediction business, but in a couple of years, investors may regret a strategy that simply rolls over 3-month bills with no escape plan. Action Line: When you need help, I’m here. … [Read more...]
Investing Mistakes to Avoid: #10 Picked Off First
Your Survival Guy has compiled a list of investing mistakes to avoid. It's a list for highly successful, fairly wealthy investors. Today's lesson is what I refer to as "Picked off first." Do not get picked off first base. When you have some money, or in my example, get a hit, you need to protect yourself. You can't afford to be picked off and sent to the dugout. But it happens with far too much frequency because investors are caught sleeping. Here's what I'm talking about. One of the first things you learn about investing in bonds is the risk-free rate of return. You can see it below. … [Read more...]
RAGE Gauge June: Remember When You Were A Kid and Money Was Free?
Remember when you were a kid, and money was free? Neither do I. And yet there’s a generation of kids/young adults looking for a home to buy, shocked at how much a mortgage costs. Money isn’t supposed to be free. It’s a product just like a Starbucks latte or avocado toast. You buy it. And for those of us who have a pile of money, living debt free, we’re looking for a return on it. Yes, the Fed finally has rates at a level we can sink our teeth into. But even a blind squirrel can find a nut. For you, dear reader, in or near retirement, you’re no longer rewarded with pennies on your … [Read more...]
Artificial Intelligence or Four-Year Olds?
When it comes to Artificial Intelligence and money, I don’t want any part of it. Look at what a four-year-old can do that a supercomputer can't. You know Peter Thiel as one of the few people in Silicon Valley who backed presidential candidate Donald Trump in 2016. Thiel was also a co-founder of PayPal with some guy named Elon Musk. And he was an original backer of Facebook. The guy knows a thing or two about startups. Which is why I recently reread his book Zero to One: Notes on Startups, or How to Build the Future. You and I know that technologists tend to think about the future in … [Read more...]
Forbes Global 2000: The Bigger They Are, the Harder They Fall?
This from Forbes; "Every year since 2003, the Global 2000 has ranked the world’s publicly traded companies by sales, profit, assets and market value, with all four variables given equal weights. This year’s ranking looks far different from the list’s first installment 20 years ago, when Citigroup was No. 1 and AIG, Fannie Mae and IBM were among the 10 largest companies in America. None are in the top 20 today." These are the twenty-five largest publicly traded companies by sales, profit, assets, and market value [with all four variables given equal weights] in the world. … [Read more...]
End of ESG?
James Freeman suggests in The Wall Street Journal that the ESG movement has peaked. Your Survival Guy's take is that there's a lot to like in that news. Freeman writes: The so-called ESG movement has had a very disappointing week, and that’s great news for the world economy and human flourishing. “Environmental, social and governance” activists try to shame companies into adopting destructive political agendas that voters reject. Now it’s clear that shareholders reject them too. In March this column asked if ESG had peaked, and the answer appears to be yes. On Thursday the Journal’s Collin … [Read more...]
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