Excerpts from my Wednesday presentation to recent grads and associates of an esteemed NYC med school: How to Invest and Create Wealth You’re asking me how to invest. Here’s what I recommend: Start early, participate in your company’s 401(k), reduce your debt, cut your spending, save ‘til it hurts, work as long as you can, and teach your family about money. That should get you started. Doesn’t sound like much fun? I know. But this does. Time Travel is Fun Imagine stepping into a time machine traveling into the future. You spent the day opening up your summer home in the Hamptons, on … [Read more...]
Archives for May 2021
Work to Make Money/Invest to Save Money
The U.S. government must finally wise up and put an immediate end to the insane double taxation of dividends. The government, facilitated by the Fed, is in an ongoing war to destroy the value of the dollar by printing money beyond any reasonable rate of expansion. Simply take a look at real estate prices to witness the explosion in liquidity. Do not let the government destroy the value of your retirement. Demand that the government ends the double taxation of dividends! Originally posted October 17, 2017. With the exception of the large sums of money that I invested in zero-coupon … [Read more...]
Singapore Attracts the Ultra-Wealthy
Ultra-wealthy people from China, India, Indonesia and other places are coming to Singapore to find a refuge from the pandemic in their home countries. Bloomberg reports: One top banker who declined to be identified said Chinese clients ranked first among new account openings, followed by those from India and Indonesia. Another said that client meetings-once a tortuous process of flying to Jakarta and fighting traffic-had become much easier because many of his Indonesian customers were staying in the same luxury condominium in Singapore. Harish Bahl, founder of Smile Group, a family office … [Read more...]
Ready for Takeoff: Is It Time for an Air Travel Rebound?
According to Airbus, the world should prepare for a rebound in air travel. The company thinks travel will come back faster than many expect it to, and wants to prepare its own production lines for full capacity sooner rather than later. The Wall Street Journal's Benjamin Katz reports: Airbus said it plans to lift production of its bestselling A320 narrow-body to 64 a month by the second quarter of 2023—topping its 2019 average monthly output of 60. It set out a longer-term ambition of reaching 70 a month at the beginning of 2024. That could rise to 75 in 2025, the company said. At the … [Read more...]
125 Years of the Dow Jones Industrial Average
The Dow Jones Industrial Average has reached 125 years old. The index was created in 1896, and has evolved through Great Depressions, recessions, and booms to take on its current form. Karen Langley and Peter Santilli report in The Wall Street Journal: One hundred twenty-five years ago, the Dow Jones Industrial Average made its debut. The index of 12 smokestack companies closed that first trading day, May 26, 1896, at 40.94. It included General Electric Co. as well as long-forgotten names like American Cotton Oil and Distilling & Cattle Feeding. Since then, the Dow has evolved with … [Read more...]
Boom! Bitcoin, Cryptos, Value, You, & Big Money
You’re asking me what I think of bitcoin and cryptocurrencies. I’m telling you, I love the idea of blockchain. But what about value? That’s more a function of what someone’s willing to pay. Not me, of course, but it’s somewhat irrelevant. How big can cryptocurrencies get? I don’t know. Big, I guess. But I don’t need to be the first one at the party. I certainly won’t be the last, or the last one to leave. Let this play out. Remember the Gold Rush? A lot of money was made investing in the rush itself and not just the yellow metal. I like the idea of utilizing the benefits of the new. In … [Read more...]
Living Your Best Life: Your Calls & Emails to Me
Your Survival Guy is working in the trenches for you. And that's OK. I like the view from where the boots hit the ground. It's where the real stuff happens. Here's what you're telling me this week: "Hello, E.J. Let me know your thoughts when you receive my Secure Upload. I'm sending statements from family members and my business. By the way, I also bought some land in South Carolina and Austin, TX, and I own some gold coins I bought years ago thanks to your father-in-law. Have a nice long weekend. Let's talk Tuesday morning," he said. "Hi, E.J. Weather's beautiful. Wish you were … [Read more...]
Facebook FAIL: What Happens When Big Tech Censorship Gets it Wrong?
Facebook is backtracking this week, now allowing posts that question the origin of COVID-19. The question of COVID-19's origin hasn't been fully answered, so Facebook's censorship of speculation it has been created in a lab was simply the company's preference. Now that the lab creation theory seems to be gaining traction in the media, Facebook is being forced to backtrack on its original censorship, revealing a broken system. Newley Purnell reports for The Wall Street Journal: Facebook Inc. FB +0.31% has ended its ban on posts asserting Covid-19 was man-made or manufactured, a policy shift … [Read more...]
America’s Growth Corridors Outpace Lockdown States in Recovery
The governors of America's "growth corridor" states have made economic recovery from the COVID-19 shutdowns a priority. While blue state governors went wild with draconian lockdowns, governors like Ron DeStantis of Florida and Greg Abbott of Texas were busy finding ways to reopen their states' massive economies safely, and to put real money back in their residents' pockets. South Dakota barely shut down, with governor Kristi Noem prioritizing the whole health of her constituents, rather than just focusing on the narrow risk posed by COVID-19. Now, the common sense measures taken by … [Read more...]
What’s Really Going on With Tesla’s Autopilot?
At MarketWatch, Therese Poletti and Jeremy C. Owens say "It's time for Elon Musk to start telling the truth about autonomous driving." They write: Tesla Chief Executive Officer Elon Musk has shown that he has an influential platform by roiling the cryptocurrency market with his tweets. It is time for him to use it for a more important purpose: Telling the truth about autonomous driving. Tesla Inc. TSLA, +2.39% has been charging customers up to $10,000 for “full self-driving” technology for nearly five years. The problem is that such technology does not exist. The company’s cars are … [Read more...]
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