For the second month in a row, inflation came in above the market's estimates. Bloomberg's Augusta Saraiva reports: Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Federal Reserve’s cautious approach to cutting interest rates. The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%. Economists see the core gauge as a better indicator of underlying inflation than … [Read more...]
Managing Your 401(k) Can Feel Like Time Standing Still
When Your Survival Guy graduated from Babson College in 1994, I got right to work. Right to work traveling, that is. I hit the road that summer, backpacking through Europe beginning with a trip to a Greek isle to visit a fraternity brother at his family’s summer place. That went so well that when I got home, I decided to be a ski instructor for the winter. Then, finally, I made my parents proud, and I got a “real” job at Fidelity Investments. That was March ’95. What’s the rush? One of my tasks at Fidelity Investments was to jump on the phones when call volume was high. The other part of my … [Read more...]
“My Effin’ Life,” by Geddy Lee of the Band Rush
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...]
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