Personal Savings Rate Update

The simplest route to FIRE (being financially independent & retired early) is to spend less than you make. That is, simply put … to SAVE. Unfortunately, Americans have never been good savers. I last lamented on this in April 2020, at the start of the pandemic lockdowns. We were told that Americans were such poor savers that the pandemic required the government to bail everyone … Continue reading Personal Savings Rate Update

Quotable Financial Quotes

If you are a certain age, you might have carried a Franklin Day Planner with you to meetings like I did. Before Smartphones, these zippered, leather-backed, “monarch-sized” portfolios were essential to MegaCorp life. I would get to work early and dutifully plot out my objectives for the day. I especially enjoyed seeing the daily quote that accompanied each page. How long ago that seems now! … Continue reading Quotable Financial Quotes

Championship Potential

Our Minnesota Timberwolves are moving into the NBA Western Conference Finals this week, which means that I am already thinking about getting tickets should they win and advance to the NBA Finals. I’ve been “collecting” sports championships / playoff games my whole adult life, going back to when our Minnesota Twins won the World Series in 1987 & 1991.  In 1987, I was a poor … Continue reading Championship Potential

Trump Tariff Bounceback

A few readers / friends sent me this cheeky t-shirt image, celebrating the stock market’s quick bounce-back from the Trump tariffs. Folks thought I was too negative about Trump’s move to correct long-standing “trade imbalances” – even though my official investor position was to “stay the course”. Related: Stay The Course Still, I thought it was important to acknowledge that the S&P 500 has quickly … Continue reading Trump Tariff Bounceback

European River Cruise

In Prague yesterday morning, a fellow commented that the city had been conquered 4 times in the last 500 years. First by the Habsburg Empire, then by the German Nazis, then by the Soviet Communists, and now by Viking Cruise Lines! It’s certainly true that the city seems like it’s been overrun by tourists groups doing pre- and post-trip extensions. The Charles Bridge and Easter … Continue reading European River Cruise