by TheSwedishInvestorYT I’ve made a summary of George S. Clason’s book on money management and personal finance – The Richest Man In Babylon. The takeaways are fundamental for anyone who wishes to grow a large fortune, and is a great first read for aspiring investors. Here are the top 5 takeaways: Pay yourself first Men … Read more
Even the cheapest homes are waiting for buyers Units for less than $1 million — within reach of far more people than a Billionaires’ Row penthouse — are hurting for buyers It’s not just luxury-home listings that are piling up in New York City. Even units for less than $1 million — within reach of far more … Read more
by Daniel Carter The United States is often viewed as having a political system that is most contrary to dictatorship. It is governed by the many and is the only country to explicitly guarantee rights such as freedom of speech and the right to bear arms in its founding documents. For many, it would be unimaginable … Read more
by Geoffrey Grider Facebook has over 2 billion profiles, but many of them are nothing more than third-world hackers and government snoopers who want to be fake friends with you Meet Mary Lambert, she lives in North Carolina. Mary just sent me a friend request, and wants to connect with me on Facebook. I get dozens … Read more
by jessefelder Buy-and-hold, and all of its related strategies like BTFD, garnered a cult following a long time ago and it’s only gotten even more popular in recent years. (There may be no better evidence of this than the StockTwits merch store – which I love, btw). And after one of the longest and strongest equity bull markets in … Read more
Chart: The yuan devaluation is reverberating across Asia: 1. Taiwan dollar 2. Korean won 3. Thai baht h/t @SoberLook
https://www.cnbc.com/2018/07/18/most-millennials-regret-buying-home.html Disclaimer: small sample size Article hits some core tenets of personal finance when buying a house. Primarily: 1) Do not tap retirement accounts to buy a house 2) Make sure you account for all costs of home ownership, not just the up front ones 3) And this can be pretty hard, but understand what … Read more
LoL, the WH intervention this week to boost stock market has completely failed. Now we know why Trump admin wanted stocks higher b/c EOW tariff comments Friday Russell 2000 hitting resistance you probably should not look at this chart Interesting… h/t @spiralcal http://spiralcalendar.com $SPX $VIX h/t @StockBoardAsset
via Daniel Lacalle Weakness in Copper persists, and it shows the risks to optimistic global growth and inflation expectations. But something else is happening in gold and copper apart from global slowdown and US dollar strength. THE CHINESE BUBBLE One of the ways in which Chinese firms have been trying to raise funds as credit growth slowed down … Read more
The only real solution is for people to stop watching and if they want news, seek alternative internet sources. AC