Be better at managing your money, not just investing. Every aspect of oh your financial life. Sometimes that means we need to take a deep breath step back from the nittygritty of the market and focus on the educational side of oh things. What i call investing 101. Honestly if any university was crazy enough to give me tenure i could teach an entire semesters worth of classics on the basics. That presupposes that any institution of Higher Education in america would be interested in teaching you how to manage your money. A topic thats a little too quotidian for the ivory tower type that is run clengs. Most colleges are more interested in taking your money than making you money. Thats why you can take an checks class without learning how to balance your checkbook. So. Whats the first item on the syllabus . We need to talk about savings. If you dont save your money you would spend your life as a slave to your paycheck. Or hostage to the Social Security system. If youre in your 20s, who kno
4,000 level. Not far from the ridiculous heights of 2000. Its simple. On the endless record setting days like today, the smart money is angry. Yes. The smart money is furious. Oh, they are mean, mad, angry. [ booing ] why . They are jealous of the dumb money thats buying stocks and the stocks are going higher. All sorts of stocks. Its infuriating to people who do it for a living, the pros. They hate whats happening now in this market. Its not supposed to happen. Let me give you five reallife examples of things that shouldnt be happening according to the socalled smart money. Starting with amazon. It hit an alltime high and nothing aggravates them more. Amazon is despised by brilliant people who know better. They know much better than bezos. They refuse to acknowledge the incredible run the i company isnt making money. We deal with merchants stuck if they embraced the business model. It excuses behavior. Amazon is threatening to do sameday food delivery forever but they havent. Maybe th
Deal. We hear intransigence as we go over the weekend and go lower. S p back, nasdaq up 0. 98 . How the heck do you immunize against this washingtoninspired lunacy . one way to vaccinate your portfolio is to focus on dividends. Lets puzzle through this first, though. I dont believe the government is going to stop paying interest on treasury bonds. I think the administration will prioritize with the pay, if congress doesnt raise the debt ceiling. Remember, i said if, not when. So it might not be as catastrophic as you expect, but its pretty cataclysmic. I think theyre to buy all the debt thats for sale in the event of a technical default. The fed could make a killing on this debt. It doesnt care about the yield being in jeopardy, like everybody else does. There comes a time when the government either issues debt or default. That has to happen. But im not hearing its going to happen until the end of the month, and that is a long way away. All deadlines seem to be fungible. The seeming la
Particular reason. And people panic. Simply because they figure those future shares must know something. And that what happened today with the dow down and then rallying as the dow dropped 150 points and the nasdaq dropped. 47 . Im on a mission to have you buy low and not sell low. Like today, other than they saw red ink. There is no reason the market is going to go down. You will always get a better time to sell, if you wait for it. Including today when core indexes came back. Unless something negative happen this is weekend, i suspect well open up and maybe big on monday. Courtesy of the guys in the futures pit. Just as i said, buy the 200 point decline on the dow on days like today and if we open up on monday, and you wont have mad money to kick around, if we open up big on monday, i think well have a chance to buy lower. Dont chase. It is a fools game. Ive spent time analyzing opening and closes and it drives me crazy that people freak out on a random friday or the dramatically ove
How the heck do you immunize against this washingtoninspired lunacy . one way to vaccinate your portfolio is to focus on dividends. Lets puzzle through this first, though. I dont believe the government is going to stop paying interest on treasury bonds. I think the administration will prioritize with the pay, if congress doesnt raise the debt ceiling. Remember, i said if, not when. So it might not be as catastrophic as you expect, but its pretty cataclysmic. I think theyre to buy all the debt thats for sale in the event of a technical default. The fed could make a killing on this debt. It doesnt care about the yield being in jeopardy, like everybody else does. There comes a time when the government either issues debt or default. That has to happen. But im not hearing its going to happen until the end of the month, and that is a long way away. All deadlines seem to be fungible. The seeming lack of concern about treasuries given editorially rise in bond prices and the decline in yield, m