Your Survival Guy’s been reading “My Effin’ Life,” by Geddy Lee of the band Rush. To understand Lee, one needs to know where he came from: the suburbs of Toronto, Canada, a child of holocaust surviving parents. His father died when Lee was only 12, and as such, Lee knew about loss at a young age. His mother, grief-stricken, made it hard for Lee to realize his own pain from the loss of his dad. When Lee looks back, writing “My Effin’ Life” at age 69, he realizes he, too, was a survivor and not just a quiet kid. He was determined. He had calloused fingers from playing, he was hardened … [Read more...]
What’s the Right Amount to Invest in Stocks?
Your Survival Guy has witnessed it all when it comes to investing. I’ve written to you about the top 10 investing mistakes to avoid and the top 10 investing habits of the fairly wealthy (see below). I’ve told you how I see investors get overweight in stocks like it’s an all-you-can-eat buffet. Then they switch to a strict diet of cash, selling out at the bottom of a bear market, never to get back in. It’s why I don’t try to time the market, nor do I advise it for you because you need to be right twice: when to sell and when to rebuy. Avoid the problem altogether. Don’t get greedy. … [Read more...]
Amazon’s Nuclear Powered Data Center
Michelle Lewis of Electrek reports that Amazon just bought a 100% nuclear-powered data center to secure power for future growth. She writes: One of the US’s largest nuclear power plants will directly power cloud service provider Amazon Web Services’ new data center. Power provider Talen Energy sold its data center campus, Cumulus Data Assets, to Amazon Web Services for $650 million. Amazon will develop an up to 960-megawatt (MW) data center at the Salem Township site in Luzerne County, Pennsylvania. The 1,200-acre campus is directly powered by an adjacent 2.5 gigawatt (GW) nuclear power … [Read more...]
“Survival Guy, How Much Should I Invest in Stocks?”
“How much should I invest in stocks?” It’s a good question. One you might be thinking about. Sure, when you’re working, it’s easy to invest in stocks because you have a paycheck to lean on like a crutch. But what if you’re retired with no paycheck, living on a fixed income? Investing in stocks can be downright scary. The good news is stocks have historically been good inflation fighters. But how much to invest? You’ve seen the brutal corrections so far this century. And chances are there will be more. “So, Survival Guy, how much do we invest in stocks?” When speaking with … [Read more...]
Skunk Works Rolls Out An Engineering Marvel
Lockheed Martin Skunk Works rolled out the X-59 in hopes it would set a standard for supersonic flight on the commercial level. The X-59, also known as the "Son of Concord," looks to break the supersonic ban set by the federal government fifty years ago for non-military aircraft over land. Read the full press release below: Lockheed Martin Skunk Works® rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin's and NASA's decades-long journey to solve one of the … [Read more...]
“Survival Guy, What Have You Done for Me Lately?”
“Hey, Survival Guy, what have you done for me lately?” you ask. “Good question.” Let’s refresh our memories. One of the more important tasks of an investor is to protect what one makes. You know how it goes. Rule #1: don’t lose money. Rule #2: don’t forget rule #1. As another wise man said, then there’s rule #6: “Don’t lose money.” When asked about rules one through five said, “There are no other rules.” See how fun this can be? As we get older, we learn the rules. One way or another, we learn the rules. I’d put the school of hard knocks up against Harvard any day of the week. … [Read more...]
“We Want Preservation…” No Soup for You!
When prospective clients tell me, “We want preservation of principal and growth,” I think of the Soup Nazi from Seinfeld and feel like responding, “No soup for you!” Because this happens all the time. And I get it. Part of our precious time together at www.yoursurvivalguy.com, dear reader, is to learn about each other and to learn the rules of the road. And our road isn’t for everyone. And clearly what we learned in kindergarten still applies, yet is often forgotten: Wait your turn and be nice. Now, this couple in their early 80s were nice. But they are needy: wanting preservation and … [Read more...]
What Took Them So Long?
Last week, State Street Global Advisors announced that it is leaving the group Climate Action 100+, which seeks to use financial power to implement the goals of the radical progressive climate agenda. This follows on the heals of BlackRock's backpedaling, and Vanguard's leaving a similar group, the Net Zero Asset Managers initiative. Silla Brush reports for Bloomberg News: State Street Corp. is pulling out of the world’s biggest investor group devoted to tackling climate change, saying the organization has hamstrung the firm’s own approach to the matter and its ability to interact with … [Read more...]
Google Accidentally Exposes the AI Rush
You may have noticed the uproar this week over Google's Gemini Artificial Intelligence, which refused to produce images of white people in historical context and also couldn't bring itself to admit that pedophilia is evil, among other tragic responses to user queries. The Wall Street Journal's editorial board details the issues, writing: Google is scrambling to tamp down a political uproar after its recently launched Gemini artificial intelligence app depicted the pope, America’s Founding Fathers and Nazis as racial minorities. The hallucinations, as they’re known, have gone viral on social … [Read more...]
You Can Come Up Empty Handed When Reaching for Yield
The Wall Street Journal recently gave readers four examples of areas to pick up yield as alternatives to money market accounts or CDs: Multiyear guaranteed annuities Defined-maturity ETFs Preferred stocks Exchange-traded debt Your Survival Guy would not recommend a single one of these. Here's what the WSJ had to say about annuities: MYGAs, as these fixed-rate annuities are known, can be a good option for savers who are looking for returns comparable to those on certificates of deposit but for longer periods. In addition to competitive rates, MYGA earnings aren’t taxed until … [Read more...]
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