Bitcoin has experienced tremendous trailing returns, yet according to this Bloomberg article, roughly 45% of holders are currently below their purchase price.
You know I think Bitcoin is useless, with an investment case crippled by
Markets declined this week as the Iran conflict pushed oil prices higher, raising concerns about stagflation and sending both stocks and bonds lower. In this week’s Your Money This Week, I walk through the economic risks tied to oil prices, why stagflation fears may be overstated, and why investors shouldn’t overreact to a short-term selloff. I also discuss the headlines
This week’s episode covers the market impact of the conflict in the Middle East, what this week’s economic reports mean for long-term investors, the case for diversification in the current environment, and whether the AI disruption scenario investors are worried about is something to actually act on.
Check out the Wednesday Reading List mentioned within and the Wealthy Behavior podcast
I’m concerned that we may shift from a secular bull market in the S&P 500 to a secular bear market soon, as you know if you read this recent post. Reminder: secular bull and bear markets are long-lasting investing regimes (think a decade plus). They include cyclical rallies and declines, but the dominant trend—up in a secular bull, flat
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Retirement planning is hard. Beyond the math, there’s a psychological hurdle that trips people up: shifting from decades of saving money and earning income
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Part Three in my Planning for Retirement Series based on my How to Recreate your Paycheck in Retirement class.
Key
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Why This Book Matters
A groundbreaking study that demolishes myths about wealth and reveals the actual spending and planning habits of America’s millionaires.
The S&P 500 fell nearly 50% during the 2000–2002 Tech Wreck, recovered to new highs, and then collapsed another 57% during the 2007–2009 Great Financial Crisis. Most investors view these as two separate disasters. They weren’t.
A more useful way to view this period is as a single bear market that followed the extraordinary 1982–2000 run. That bear began in
I’ve been sharing book recommendations on the blog for years and created a landing page if you want to check them out here .
Fiction
Shōgun (The Asian Saga) by James Clavell
The FX series was excellent, but I enjoyed the books as well. The classic epic novel of feudal Japan that captured the heart of a culture and
I recently recommended The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life by Sahil Bloom. The book is a useful reminder that while money matters, it’s only one form of wealth—and after a basic threshold, chasing more can quietly crowd out the things that make a good life: time, relationships, health, and a sense of purpose.