For fun we decided this is a good time to explain the function of money. We use it every day. It will also explain why we’re always going to hold some gold/crypto even if both assets went to zero (extremely unlikely in our opinion). “Money” is essentially a solution to the coincidence of wants. In […]
The divide is here. There is no real solution from a macro perspective since we’re not politicians and we don’t have much of a say on anything. One of the themes here is that you should focus on the “microeconomics” since big changes are unlikely to happen (waiting and hoping is not a sound strategy). […]
Q&A is Closed.
For the next 18 months we’d strongly recommend that you begin mastering the art of “smiling, nodding and agreeing”. At this point, many people have seen their net worth drop by 10-30%. While most just focus on the stock market, the cash flows for a lot of individuals went negative or to zero. Imagine paying […]
How many airline CEOs thought they would generate practically zero dollars in revenue and lose billions of dollars in 2020? How many stock market experts could have predicted a massive decline in profits for practically every sector outside of technology, medical/bio-tech and grocery stores? Absolutely zero is the answer if we polled the United States […]
It’s getting crazy out there. After a couple of months of quarantine we’re now seeing riots break out across the United States. The protests seem to be a mix of both the Floyd incident and upheaval around economic inequality highlighted by chants of “Eat the Rich”. As the economy opens back up we’ll see what […]
The Q&A this month wasn’t great due to redundant questions. So we’re going to have to review the basics and explain why we don’t answer the same old tired questions “Hi i have $200K how do i invest” or “but i am better than average at investing” or “should i switch jobs for a $10K […]
Q&A now closed, due to redundant questions we have a lot of new readers and need a summary post to avoid a repeat. Thanks and will do another shortly!
Now that we’re two months into the global pandemic, it’s time to turn our focus to *buying* items at a discount. Notice, we’ve used the word “items” since you may be interested in purchasing things that will depreciate in value (such as a car) which acts a lot more like a liability than an asset […]
What a busy week! Talk about record setting, we could barely even tweet except to troll. That’s when you know things are going well over here. Anyway. This post has been a long time coming and will give a good overview of how to transition in life. Not many people think about this particularly when […]