Well, I gave Biden some credit back in December for the nice bump that we had seen in the stock market in 2021. I felt obligated to, given how well the market had performed … +27% last year. Still, I noted then that I was worried that Biden wanted to be too helpful and that significant inflation was a real worry. He literally said “help … Continue reading Politicians Too Eager To ‘Help’
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
With the Presidential election this week, I thought I would do a quick portfolio check to see where our retirement portfolio is sitting before the markets react. It seems a big enough change-point, that I would keep track of where we are at – at this moment in time. The good news is that despite the pandemic sell-off in March, we’ve weathered the 2020 storm(s) … Continue reading Election 2020 – Where Are We At?
At the end of the year, the media is full of retrospectives on the top news events and celebrity stories, so with that in mind, I set my thoughts to what are the biggest news happenings that have affected people on their journey to financial independence and retiring early (FIRE) in 2017. Here’s my list (in no particular order) … TRUMP BUMP – The stock … Continue reading Top 7 FIRE News Stories of 2017
(Updated 12/31/17 for final Tax Reform provisions) Tax Reform has been all over the news in the last week and when the Senate passed their bill on Friday night, I was excited at the prospect of seeing a solid windfall based on what the politicians were saying about it. The Republicans promised big savings for everyone across the board – they were even concerned it … Continue reading GOP Tax Reform – Not So Big Savings in MN
With the Presidential election behind us and a new one-party led government in Washington DC, it is likely we will see much more change on economic policies than we seen in almost a decade. I’m excited to see if the new President and Congress take action on some of the four areas outlined in my pre-election post earlier this week. I included this quote from … Continue reading Free To Choose – Economist Milton Friedman
On Sunday’s CBS 60 Minutes, they reported that 82% of likely voters are more disgusted than excited for the election. Regardless of your politics, neither candidate gets high marks for trustworthiness and there is a lack of confidence that the country is heading in the right direction. On this day before Election Day, I thought I would comment on the four key things that will … Continue reading What The New President and Congress Need To Address