How is it that investors treat their money like they’re living on a prayer—hoping for the stock market to do something for them—but when it comes to everyday spending, they hold on to every nickel like it’s the last one they’ll have? They read, and read, and read about this car and that one. They know this washing machine vs the others. They know when there will be “sales,” and they scour the internet, putting artificial intelligence to shame. Then, ask them what their stocks do to make money, and there’s, wait for it…silence. Ahhh, the sound of silence. But that doesn't last long…because … [Read more...]
COSTLY CUISINE: Dining Out Isn’t Cheap
Another round of CPI inflation data was released yesterday, and for the eleventh month in a row, the cost of dining out rose faster than the cost of food at home. The difference in inflation at restaurants was not inconsequential either. While the cost of eating at home rose 1.2% compared to the year before, eating in a restaurant cost those celebrating Valentine's Day over 5% more this year than last. Evie Liu reports in Barron's: Prices for food away from home, which tracks the cost of dining out and takeout meals, rose 0.5% in January from the previous month, according to the … [Read more...]
“Then One Day the Grandfather was Gone”
Originally posted on September 28, 2023. Your Survival Guy has a client whose grandfather left him some money. That was nice. But the real gift was how his grandfather would teach him about money when they were together. How to roll pennies, nickels, dimes, and quarters sitting on the floor and talking. Adding up the pile and feeling the weight in their hands. The boy was taught what interest was, how it was paid, and the miracle of interest on interest. Compounding small amounts into larger ones. The small talk never felt like big life lessons. But they were. As they got older, the … [Read more...]
Congratulations Brad Marchand on Your 1,000th NHL Game
Brad Marchand of the Bruins chalked up his 1,000th game for the team on Tuesday night, as Your Survival Guy had previewed earlier that day. In The Boston Globe, Kevin Paul DuPont describes Marchand's career in Boston, writing: Brad Marchand’s Tuesday night found him lined up at his customary spot on left wing, awaiting puck drop at the Garden, fussing and fidgeting and looking to gain an inch, the slightest territorial edge, as he bodied up against Nicholas Paul, the Lightning’s 6-foot-3, 229-pound right winger. They are the kind of matchups the 5-foot-9 winger has faced for 15 years, one … [Read more...]
Radical Progressives Distort Tax Fairness
Radical progressive politicians are aiming to implement a wealth tax that will strip Americans of the assets they own. Your Survival Guy has discussed the dangers and problems of wealth taxes before. The wealth tax is a pet project of radical progressive Senator Elizabeth Warren (D-MA). In The Spectator, Lewis M. Andrews discusses Joe Biden's indirect appeal for "tax fairness" as a stealth push for wealth taxes. Andrews writes: As the level of US debt zooms past the $34 trillion mark, it has become increasingly clear that the American left has no intention of trying to help control government … [Read more...]
An Inflation Surprise Hits the Market
You know that Bidenflation has taken a toll on America. Now, inflation is down, but it's not out. A new report on CPI released this morning recorded slower inflation than the previous month but was higher than had been predicted. But the damage is already done for many on a fixed income. For instance, food prices have already settled in at a whole new level. Justin Lahart discusses the report in The Wall Street Journal, writing: Inflation cooled again in January, but the declines may have paused. The Labor Department reported Tuesday that consumer prices rose 3.1% in January from … [Read more...]
Make Sure You Get Paid to Invest in Stocks
Your Survival Guy wants you to be paid to invest in stocks. Think of investing as collecting cash, much like a landlord collects the rent. Too much weight is given to prices. Prices are a qualitative event. They’re opinions. Show me the money. That’s quantitative. In The Wall Street Journal, Jon Sindreu discusses the future of dividend investing, writing: This might seem to validate what the Federated Hermes portfolio manager and market historian Daniel Peris argues in his new book, “The Ownership Dividend.” He says that ultralow interest rates and the rise of high-growth digital companies … [Read more...]
The Perfect Conditions for an Adventure
You read last week about Your Survival Guy's time in New Hampshire, skiing Attitash, and riding its newly improved lift. I told you the conditions were good, which was a nice surprise after a not-so-great winter so far. The skiing was good, but the conditions were perfect for a Mt. Washington adventure. For the first time, Great Glen Trails Outdoor Center brought visitors up to the summit of Mt. Washington in four snow coaches. Snow coaches are essentially vans with four sets of tracks rather than wheels. Great Glen Trails Outdoor Center writes: One giant leap for all snowkind... Today is a … [Read more...]
Bon Appetit! Bring Paris/France to Your Kitchen
Do you want to bring Paris/France to your kitchen? As you know, from here, here, and here, Your Survival Guy spends plenty of time there. And one of the drawbacks comes when the Amex bill comes due. Kidding (sort of). No, it's when I'm back home dreaming about some of the most delicious meals I've ever had, and they're thousands of miles away. When it comes to chicken, two specific dishes stand out the most in Paris/France: One, the chicken served at Paris's most controversial restaurant, L'Ami Louis, where you want it served with potatoes. And the other is at Le Bistro at L'Hôtel de … [Read more...]
March RAGE Gauge: Patience, Turn Off the Noise
Patience, dear reader. Easy to write. Harder to do. With so much going on this week: the Super Bowl, Tucker’s interview with Putin, China’s deflationary death spiral, the border, Trump/Biden, three-hour podcasts, AI, and Iran, to name a few—How is one to focus on their future? Let’s talk about podcasts for a moment. Your Survival Guy listened to most of Joe Rogan’s podcast with Yellowstone creator Taylor Sheridan. It was over three hours. Rogan does an incredible job engaging his guests and being engaged. I think he does at least one interview a day. He patiently digs in deeper and deeper, … [Read more...]
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