We had a nice sit down with our financial planner last week for our ‘annual check-up’. As you can imagine, the update was very good given how well the markets have been doing, despite the pandemic. I honestly believe that I couldn’t have been luckier to pull the trigger on retirement 5 years ago. Since then, the stock market has been on a tear, … Continue reading Great Returns & Market Observations
I spent yesterday – Memorial Day – getting ready for an upcoming meeting with our Financial Advisor. We’re sitting down Friday for the first time in more than a year. We usually meet and do a ‘check up’ one time a year, but last year we skipped it due to the CV19 pandemic. Before our annual meeting, I give him a summary document of all … Continue reading Annual Portfolio Check Up
I guess it is a good time to be a retiree living off investments. Wall Street is loving the CV19 rebound and loose money policies of government & central banks. The S&P 500 is now up an amazing 83% since last year’s CV19 low point on March 23rd, 2020. Globally, stocks are at an all time high. Still, forgive me if I’m more than a … Continue reading Negative Outlook Amid The Exuberance
Someone posted a curious question about real estate investments in an online forum this week. They wondered if anyone had ever reached a financially comfortable early retirement “without investing in real estate”? They held the hypothesis that real estate is one of the primary routes to FIRE (financial independence & retired early). I thought the question was a bit odd. While I always surmised that … Continue reading Added Real Estate Investment Risk?
I like to tell my son – “my turn running the world is over, it’s your responsibility now.” With Biden now in office, I started looking at what impact the Democratic Party proposals might have on our household. I sold a lot of stock options for cash last year to get ahead of potential changes in tax rates, but that cash will only last so … Continue reading No Impact From Washington DC?
Count us among the very, very lucky in 2020. Amid the craziness of a deadly pandemic, global race riots (that started in our metro area), and a rancorous Presidential election, we stayed healthy and our retirement nest egg did much better than expected. Last night I went through our year end numbers and updated the spreadsheet I use to track our portfolio. We’ve been enjoying … Continue reading 2020: A Most Unexpected Result
I don’t understand the stock market anymore and in the short term, I’ve decided to give up. As the Dow Jones bounces around 30,000 and the Schiller S&P 500 PE sits above 33 (average is 16), nothing makes sense to me. We are still in a global pandemic – the economic fallout of which isn’t fully understood yet – aren’t we? I called our financial … Continue reading Cashing Out From Confusion
It has been an interesting year for cryptocurrencies. Bitcoin just topped its all-time high this week at almost $20,000 – up 1.6x from last year at this time. The private, all-digital currency still has its skeptics, but it is getting broader acceptance among financial services companies and institutional investors. The pandemic may be remembered as Bitcoin’s coming of age. I wondered back in April if … Continue reading Bitcoin’s Coming Of Age?
Is there anyone more interesting & successful in the business world right now than Elon Musk? Really – I am in awe of this guy and all he is accomplishing. The sad thing, is that I bet ‘against’ him three years ago and can’t believe how wrong I was. For those of you who haven’t been paying attention, Musk is flipping 4 entire industries on … Continue reading The Worst Stock Bet I Ever Made
The old saying goes “put your money where your mouth is” and I have a friend who has been betting his political analysis/opinions on the interesting website ‘PredictIt’ this week. As you can imagine, he’s had a wild week! While I made a few friendly wagers (a bottle of wine or 6-pack of beer) with some buddies on the outcome, my friend put major $$$ … Continue reading Betting The Presidency