Look, this isn’t about me. It’s about you. I’m Your Survival Guy, not someone else’s—I’m all yours. I want you to succeed. I want you to live your dreams. And that doesn’t mean I want the other guys to fail. This isn’t about them. This isn’t a zero-sum game like trading stocks. This is about your success. There’s enough of it to go around for all of us. Your investment success is all yours. Work to make money. Invest to keep it. But how? Fear’s a big roadblock. It gets in the way of action—and for good reason. Bad stuff happens. There’s a reason your lazy cash is sitting on your couch. It’s … [Read more...]
Corporate Borrowers Giving Up on the ESG Market
Corporations issuing bonds are finding that it's simply not worth the savings on interest in the bond market to jump through the hoops demanded by the ESG-industrial-complex. Natasha White and Greg Ritchie report for Bloomberg: Bond issuers appear to be reviewing the merits of tapping the ESG debt market, based on an assessment that the lower financing costs the label generally brings aren’t worth the risk of being exposed to greenwash accusations. “There’s a number of issuers that are reconsidering the cost benefit trade-off,” Jason Taylor, the managing director for sustainability … [Read more...]
Your Survival Guy’s Favorite Number is 72: Here’s Why
Your Survival Guy had the pleasure of attending a Babson College cocktail party last night at the New York Yacht Club here in Newport, RI. It was a beautiful night. The recent heat wave had broken the night before. The wind was light from the southeast, coming in over the trees, making Newport Harbor look so inviting for boaters with hardly a wave to be seen. Our son will be a freshman at Babson in a couple of weeks. When asked if he has any family members that attended Babson, he replied, “Yes, my grandfather, uncle, mom, and dad.” It's hard to believe Becky and I graduated in 1994. I … [Read more...]
BLUE STATE BLUES: There’s No Way Out of This for Democrats
When blue states and cities continue to run massive pension deficits—and do nothing to ease the pressure of meeting over aggressive return expectations—you can see the destruction of reverse compounding. And no one wants to do anything about it. Your Retirement Life: Let the Slow and Steady Be Your Way of LIFE When the average loss is 8%, it’s bad. And that’s not including private equity numbers, which lag by a quarter and aren’t included in this latest fiscal year. There is no way out of this without either a) higher taxes or b) fewer services. Biden Wants to Make the IRS Great … [Read more...]
Your Retirement Life: Let the Slow and Steady Be Your Way of LIFE
OK, let’s get right into this. I’m not a huge fan of goals when it comes to money. I don’t like the pressure a goal can have on investors trying to reach a certain “number.” “Well, if we can make it to $2 million, we’ll be all set. That’s our goal,” says a 55-year-old with less than a million in savings. That type of goal, in his most important earnings years—the last ten before retirement—is a loaded gun. The pressure to push, push, push and reach, reach, reach for the “goal” borders on reckless. It’s why Your Survival Guy eschews financial engines where you plug in your financial … [Read more...]
If the Phone Doesn’t Ring…It’s Me
Years ago, Your Survival Guy was at a cocktail party in Newport. (Yes, it happens. I don’t live in a cave.) This was at a time when markets were in freefall. A fellow guest asked me about the markets and how busy I must be talking with clients. My response, like it always is, was “My phone doesn’t ring,” Time and again, investors are surprised when markets fall. My phone doesn’t ring because I’m already in touch with my clients on a regular basis. And because you know me from Your Survival Guy, you know that I work to help you keep what you make. I don’t need to sell you on how to become … [Read more...]
Field of Dreams: You Too Can Live Like a Billionaire
Did you miss Major League Baseball’s trade deadline? Who could blame you? Let the billionaires have their fun. Let the Washington Nationals’ Lerner family squabble with agent Scott Boras over what generational player Juan Soto is worth. Will his new home with the San Diego Padres land him that $500 million deal in a couple of years? The suspense is like watching paint dry. But that’s the life of the billionaires. They, too, need a reason to get up in the morning. Look, I’m Your Survival Guy, not some billionaire team owner. But I too have my team. Sure, it’s fantasy football. But this will … [Read more...]
Retail Traders Flee Robinhood Markets
Online brokerage platform Robinhood Markets has reported a decline in users of 34% from the previous year. In response to the slowdown in business, Robinhood has fired 23% of its workforce. The Wall Street Journal reports: Robinhood Markets Inc. is slashing about 23% of its full-time staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity. The job cuts mark the second round of layoffs this year at Robinhood, which in April reduced its staff by about 9%. Together, the two rounds have cut more than 1,000 jobs from the company. The layoffs … [Read more...]
The Future of Social Media Is Coming
There are many possible futures that could be envisioned for social media, but I like Cal Newport's take on it. He writes: Just a few months ago, it seemed that the biggest social media news of the year would be Elon Musk’s flirtations with buying Twitter. Recently, however, a new story has sucked up an increasing amount of oxygen from this space: TikTok’s challenge to the legacy social platforms. Last February, Meta, the parent company of Facebook and Instagram, released a quarterly report that revealed user growth had stalled. Analysts were quick to attribute this slow down, in part, to … [Read more...]
WATCH OUT: The IRS Made New Changes to Your IRA
If you have inherited an IRA, you need to be aware of the recent changes the IRS has made to the rules governing it. When it comes to required distributions for inherited IRAs you must be sure you understand the rules. They’re about as clear as mud and require proper navigation. Ashlea Ebeling reports for The Wall Street Journal: Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in February. The rules on inherited IRAs were most recently changed … [Read more...]
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