The stock market has been on an amazing 8.5 year upward trend that is called the second-longest Bull Market run in Wall Street history. Starting after the precipitous drop in 2008 and bottoming out in March of 2009, the current Bull Market run has posted average annual returns of +13% and total growth of almost 200%. The tech-heavy NASDAQ has done even better – up … Continue reading Second Longest Bull Market In History
A few months ago I wrote about cryptocurrencies – like Bitcoin – and shared my son’s experience with it. You’ll perhaps recall he turned $65 into almost $700 in the first five months of the year. That was enough for him to buy an Apple iPad as he headed back to college and bank a few hundred extra. Like many readers who think of cryptocurrency … Continue reading Cryptocurrency Update – Still Growing
Friday was the 30th Anniversary of the Wall Street’s Black Monday Crash on October 19, 1987. I remember sitting in college that afternoon and my friend telling me he heard on the radio that the Dow Jones had dropped over 500 points that day (508, to be exact). I was incredulous that the market could drop that much in one day (-22.5%) and imagined that … Continue reading Black Monday Anniversary
After two posts this month assessing the tremendous cost of cars, their depreciating value, and ongoing repairs, I thought I would give partial time to acknowledging the incredible fun of cars. After all, while the financials are negative, they do provide many, many intangible benefits that help make life a joy. Similar to cabin/cottage life, world travel, or owning a speedboat, driving a cool car … Continue reading “Every Day This Man Takes A Vacation”
I’m continuing the discussion from my last post on the cost of vehicles by looking at the differences in the total cost of ownership for different models – basic transportation and luxury vehicles – over time. In April, I analyzed the impact of luxury homes on the number of years someone needs to work and reached the conclusion that trading up to a luxury home … Continue reading Financial Analysis: How Many Years Of Work Would A Luxury Vehicle Cost You?
We have had a BAD run of luck when it comes to car repairs this year. In the last 90 days, we have tallied close to $5,250 on our highly-engineered, but aging SUV and Sedan. They are nice models – a 2011 BMW X5 and a 2012 Mercedes 300C – but now that they have celebrated their 6th and 5th birthdays, they are heading to … Continue reading The Cost Of Keeping Cars Grows More Visible As Time Goes On
One of the things I enjoyed about working was coming in every morning and looking at the sales & volume numbers of the businesses I worked on. Each day, we would get a Daily Volume Report that showed how many cases of cookies, canned soup, frozen pizzas, or yogurt cups had been ordered by our grocery customers and every Monday morning we would see how … Continue reading Lifestyle Change By The Numbers