It was good advice. I had it written in a cell at the bottom of the first budget spreadsheet I put together thirty years ago: “Keep 3-6 months spending in an emergency fund. More if you smell layoffs coming.” We had just gotten married, we were watching every penny, and we viewed it as an important first step. We took the emergency fund principle from … Continue reading Locked Up
As expected, the financial markets are having a very crazy week. Starting Monday, with a shocking -3,000 point DJIA drop (-13%), the week was filled with volatility. It wasn’t the environment I expected to find any opportunity in, but on St Patrick’s Day (Tuesday), I think I found the ‘Luck of the Irish’. Longtime readers have heard my woeful tale of crashed MegaCorp stock options … Continue reading Lucky Inflection Point?
Consumer confidence is a big part of the economy’s ongoing performance. If people believe that things are going well, they are more likely to go well. It’s not a perfect correlation, of course, but it is better than the opposite. With that in mind, I was encouraged to see the latest numbers from Gallup on how Americans are feeling right now. They polled people on … Continue reading Americans Feeling Positive About Their Financial Positions
One thing I paid zero attention to at the end of 2019 – when I had my heart attack – was how great the financial markets finished the year. Thank goodness the markets weren’t collapsing the way that they had at the end of 2018, or maybe I would have had a double heart attack! Now that I’m back home and recovering, I thought I … Continue reading Great Markets In 2019
The S&P 500 is up a whopping +24.4% so far in 2019 and many investors are feeling giddy. Despite tariffs, politics, and slow growth in Asia & EU, the American economy continues to chug along. Hooray for growth! It’s not hard to forget that people were quite pessimistic coming into the year. Goldman Sachs had predicted markets to only be up “modestly” in 2019, with … Continue reading Financial Markets Check-In
I’m not sure why I thought this was a good idea, but I ‘bet myself’ $1,000 in imaginary money this past week on all 14 NFL games, 3 NHL games, 2 NBA games, and all 5 games (so far) of the World Series. It’s a great time of year for sports, so I thought I would see if – on paper – I might have … Continue reading Sports Betting Experiment
When I was working, it seemed that the climb toward our FIRE escape from MegaCorp was slow and steady. Each year our nest egg grew bigger. Sometimes faster, sometimes slower. Even in a very bad year like 2008, we managed to eek out some growth. It felt like the cards we were being dealt were always resulted in a pretty good hand. That has not … Continue reading Retirement Savings Volatility