People have been trying to work remotely since long before the start of the pandemic. Ever since the first BlackBerry came on the market, folks could search the web, answer their email, or easily text back to the home office from anywhere with cell coverage. As we waste away at Margaritaville this month enjoying our Winter Summerland, I see guys that look like my former … Continue reading Mixing Work & Paradise
If you are working, you might as well take off an hour early on Friday. As you can see from the chart, wage growth is now lagging price inflation. The 2.4 pt gap equals about an hour’s work against a 40 work week. I’m guessing millions of younger workers are coming to the hard realization that wages don’t generally keep up with rapid inflation. Employers … Continue reading Take Off Early On Friday
We met some fellow Minnesotans down here in Florida yesterday. Unlike us, they jumped into investing in a Florida vacation cottage a couple years ago when they first got the urge. They snapped one up when the Margaritaville Orlando resort was relatively new and said they have already seen a couple hundred thousand dollars of appreciation. The colorful cottages are bright, nicely designed, and well-furnished. … Continue reading Investing in Vacationland Paradise
Our Florida ‘Winter Summerland’ escape took a strange twist this weekend. I was at the Rolex 24 Hours of Daytona auto race and saw a random text from someone named ‘Andy’. I looked at it and realized it had something to do with our February month-long AirBNB rental outside of Orlando. Andy was the AirBNB ‘host’ and he said our reservation was immediately CANCELLED “due … Continue reading Homeless in Florida?
The bears are running through the financial media, with the 5% drop in the S&P 500 over the last week. I saw a headline on Friday that one of JP Morgan’s top analysts was predicting a 20% stock market sell-off. Another Wall Street ‘expert’ – John Hussman – believes that we could see a 70% market crash, led by sky-high tech stocks. The issues are … Continue reading Bears Starting To Run?
No story or insights to tell this Friday morning. I just have this simple post (from Reddit) that sums up the real secret of success … that there is no secret! HAVE A GREAT WEEKEND! Image Credit: Pixabay Continue reading Secret of Success?
We didn’t cash in any stock or appreciated assets in 2021, which kept our income pretty low. We just had some dividend income and I earned some pay from board work. Mostly, we just lived off of savings. Our accountant pointed out that married couples with income less than $80K pay 0% long-term capital gains tax. I hadn’t paid attention to that before, so we … Continue reading Capital Gains Wrinkle
Like most places, the residential real estate market is moving really fast in our area. Yesterday, we jumped in at lightning speed! My wife saw a snazzy townhouse in our neighborhood she thought would be nice for our adult son. We talked about it with him on Sunday morning just before 11a, connected with our friendly neighborhood agent 5 minutes later, scheduled/did a quick showing, … Continue reading Townhouse Lark
I complained a lot about the economy in 2021. I didn’t like the trillions in debt-driven government spending and the ensuing inflation. Still, I acknowledged that the markets continued to rise – as the ‘Trump Bump’ became the ‘Biden Bump’. Yesterday, I tallied up how we finished the year with our portfolio. Our retirement savings were up an impressive +15%. Our gains were led by … Continue reading New Year’s Assessment
Prices are going up. Consumer price inflation ballooned to 6.8% in November as massive increases in government debt and supply-chain issues over the last year were reflected. The Fed & Biden believe they can get back to a 2% annual average target, but clearly that’s going to take some doing. Retirement plans are especially susceptible to rising prices as fixed investments, pensions, bonds, and social … Continue reading What’s The Impact Of Inflation On Your Retirement?
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