Inflation, inflation, inflation. It’s everywhere. But let’s get right down to it. Inflation means different things to different people. If, for example, you’ve worked your entire life, saving until it hurts, you probably have a pile of money to help you through Your Retirement Life. Sure, it takes some planning, but higher prices shouldn’t keep you from living your dreams. You know how to do without because that’s what saving is—making choices and deferring gratitude. You’re a pro at that. Remember when air travel used to be a big deal (when you’d drive to Florida instead?) and not the … [Read more...]
Your Survival Guy Never Buys ESG Funds Ever
You’ve been reading about my concerns with ESG investing for a while now. Mutual Funds and ETFs that virtue signal about this stuff are taking their eye off the ball. If you’re in some of these fee gathering mutual funds/ETFs maybe it’s time to look for greener pastures. Andy Kessler writes in the WSJ: Larry Fink, CEO of BlackRock, which has around $10 trillion in assets under management, wrote in a letter to CEOs, “We focus on sustainability not because we’re environmentalists, but because we are capitalists.” Let’s look inside. BlackRock’s ESG Aware MSCI USA ETF has almost the same top … [Read more...]
Flood of Withdrawals Breaking Crypto Platforms
Has the long-foretold cryptocosm arrived? It's hard to say given the stop/start tendencies of the recent crypto-collapse, but one scary thing is for certain, many crypto lenders are blocking access to customer assets. Kyle Barr reports at Gizmodo: The number of crypto lending platforms that actually let users take their crypto home with them is getting progressively smaller. One company even reported its users were draining their accounts of close to $198 million in total over the past three weeks. CoinLoan announced Monday it was putting a big hold on users’ abilities to withdraw most of … [Read more...]
Young’s Retirement Compounders
Two decades ago, I developed the Retirement Compounders (RCs) as a portfolio to hold through thick and thin. Concentration is on dividends and on compound interest. Expectations are justifiably modest. The Prudent Man Rule overrides all. … [Read more...]
Boom: An Arc-Flash Explosion on Billionaire’s Row
“The developer of 432 Park Avenue, one of the world’s tallest and most luxurious condominium towers, on Wednesday filed its answer to a $125 million lawsuit from the building’s condo board over alleged construction defects, calling the board’s suit ‘ill-advised’ and ‘an effort to wrest unwarranted payments’ from the developer,” reports The Wall Street Journal. “The answer, filed in New York State Supreme Court by an entity controlled by Los Angeles-based CIM Group, also alleged that the complaints raised by the board had been ‘vastly exaggerated.’” Sounds like a problem to Your Survival … [Read more...]
Your Survival Guy: Your New Year’s MONEY Resolution
Anyone thinking about a New Year’s money resolution? I remember when I was a kid my dad telling me, “Saving money is like planting a tree. The best time to plant a tree was yesterday. The second-best time is today.” I’d be thinking tomorrow would be just fine too so could go play street hockey. We’d get my change, dump it on the floor, and start feeding quarters, dimes, nickels, and yes, pennies into paper rolls. We’d count the dollar bills, some fives, maybe a ten or twenty and then grab my bank passbook and make the deposit. Counting money, once we got going, was fun, especially after … [Read more...]
Understand the 800-Pound Gorillas in the S&P 500
OK, this stock market is top heavy. Remember, you buy the stock market when you buy a 500 index. But do you know how that index works? Look at the S&P 500 for example. Sure, it's 500 stocks, but about a third of the index is dependent on five companies. Why? Because it's a market cap weighted index meaning the size of a company, its market cap (price times shares outstanding) dictates its influence. “Remember when a trillion dollars was a lot of money?” asks Spencer Jakab in The Wall Street Journal’s Heard on the Street feature, “Gigantic Stocks Are a Reason to Worry.” Five companies … [Read more...]
How to Find Your Retirement Life Forever Home
The best advice you can get when it comes to finding Your Retirement Life forever home, is to spend time in the area you think you’ll like. Take our cabin in New Hampshire, for example. I knew the area like the back of my hand having spent a season as a ski instructor after Babson and then going up on weekends after my parents bought a house there. Over time it became obvious to me that we, as a family, were going to be spending a lot more time in New Hampshire and it felt right. That wouldn’t have happened over a weekend. It took years. From Beth DeCarbo in the WSJ: To Rick Brown and … [Read more...]
FORGETFUL JOE: Biden Can’t Remember Who He’s Fighting For
You know I’m a fan of Joel Kotkin. His work on America’s Growth Corridors is top-notch. His writing on demography is also enlightening. Now, Kotkin exposes the hypocrisy that underlies Joe Biden’s career as a politician. Despite advertising himself as “working-class” Joe, Biden is constantly looking out for his corporate backers. Kotkin writes: Joe Biden may present himself as a ‘working-class hero’, a claim reiterated recently in the leftist American Prospect, but increasingly America’s workers are showing signs not of common cause but disquiet. Hollywood workers just announced … [Read more...]
The 5G Revolution Begins
Meghan Bobrowsky of The Wall Street Journal writes, 5G technology is beginning to expand beyond smartphones. She writes (abridged): The deployment of superfast 5G networks is supposed to usher in a new era for so much more than the smartphone—everything from enhanced virtual-reality videogames to remote heart surgery. That vision has been slow to come into focus, but a first wave of 5G-enabled gadgets is emerging. Among the first uses of 5G to hit the consumer market is the delivery of home broadband internet service for the ultimate cord-cutters: those looking to not just shed their … [Read more...]
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