We’re over in Europe right now for a Danube River Cruise starting on Sunday. The trip includes stops in lovely Prague, romantic Vienna, and mysterious Budapest. Incidentals for the trip would have been a bit cheaper a month ago, before Trump’s trade strategy beat up the stock market, bond funds, and … the U.S. dollar. What was set to be our best exchange rate ever … Continue reading Euros & Europe
The stock market was relatively flat over the last week with investors still try to puzzle their way through the Trump/GOP approach to tariffs, taxes, debt, and new statements on inflation & interest rates from the Fed. Our neighborhood investor club members were as puzzled as anyone when we met for the last meeting of the Spring. Everyone had their own take on what was … Continue reading Crystal Ball Predictions: Investor Club Input
Even before Trump “paused” his questionable trade policy yesterday, Wall Street analysts offered updated projections for where they thought the stock market would finish up the year. The S&P 500 started the year at 5,869 and had dipped below 5,000 (-15%) after Trump’s 10% minimum tariff and demand for balancing trade deficits. Still, most investment banks were quite positive in their forecasts for where the … Continue reading Crystal Ball Predictions
Plenty of people are running scared after the bears trampled -10.5% out of Wall Street on Thursday & Friday. I’m not sure what will happen to the S&P 500 on Monday morning (futures are -2.5% as I write this on Sunday night), but I’m keeping the faith that some order will be restored over the next few weeks, months, and years. If you saved for … Continue reading Staying The Course …
Just a short, early end-of-the-week post today. I’m trying to make sense of the headlines coming out of Washington DC. I think it’s safe to say that they are more nonsense than common sense. It’s no surprise that the market is in a bit of a free-fall today. How do these make sense …. ? I don’t follow this … If we’re getting $7T in … Continue reading Stormy Fiscal Headlines
Living in Celebration FL, has been a unique experience. While some people don’t like the idea of living in an HOA-managed community, Celebration really makes it work. The town was originally designed by The Walt Disney Company, and thanks to the dedication of our HOAs, it has largely maintained that original vision of charm, order, and community spirit. One thing that sets Celebration apart is … Continue reading HOAs Working Well In Celebration
Our modest experiment in being landlords has ended. Our son – who we were bribing to be our neighbor for the last 3 years – has moved to an apartment in a cool neighborhood of downtown Minneapolis. His new space is much smaller, but in a very slick building close to all of the coffee shops, bars, & restaurants all the hipsters like him like … Continue reading Moving On From Landlording
Our neighborhood in Florida has a weekly “Investment Club” that I went to this past Friday. There were about 15 people gathered when I got there – in the events ballroom of our clubhouse. We started by talking about our 2025 expectations for the stock market’s growth. After two years of incredible growth (+23% in 2024, +24% in 2023), most people were expecting growth in … Continue reading Investment Club
When you move to a new area, everyone shares with you what the “local treasures” are. In the Southeast, that includes Publix grocery stores. Florida loves Publix. Having worked in the food industry and visited Florida for more than 30 years, we were very familiar with Publix, but hadn’t shopped there too much as “locals”. Now that we’ve been doing that, I’m putting Publix on … Continue reading Bogus Publix BOGOs
Just a quick post today to highlight what could be the biggest change for the finances of retired people in a generation … eliminating Federal income taxes on Social Security. After seemingly not mentioning it since the election, Trump spokeswoman Karoline Leavitt told reporters yesterday that it is a key part of the budget negotiations that GOP leaders in the House, Senate, and White House … Continue reading No Tax on Social Security?
MrFireStation 