This past weekend I had a few experiences that didn’t quite go as planned. First, I went on a short work trip on Friday. It was one of those fly-in and fly-out on the same day type of trips. I woke up early that morning to head to the airport and didn’t land back in Utah until after 11:00 PM that night.
Wish your son is ok! Really enjoy this and last article about ncaa brackets, keep up the good work, I recently heard you guys podcast talking about how people only feel rich when they are richer than people around them, would love to hear your insights about it, cuz I always feel no matter how much more I am making, I am the poorest among my friends 🤣
What I think that Housel misses in her statement is having any rate of return assumption is a failure at the source of any plan. The US stock market is the only vehicle that has been able to produce semi-consistent returns.
Majortiy of which is due to polictcal corruption, the militirization of the economy, exploitation of foreign interest, etc.
Working with international intersts, financial planning is completely different. Our propensity to save in the US is tightly tied to the degenerate gambeling illusion that is our stock market. The US stock market and corruption within has created a "Free Lunch" that doesn't exist anywhere else.
Try retireing in the Eurozone expecting an 8% geometric RoR in those markets wouldn't work. Your "plan" would fail.
A real plan is having the ability to finance all of you goals without it impacting your ability to do nothing and still be fine.
Wish your son is ok! Really enjoy this and last article about ncaa brackets, keep up the good work, I recently heard you guys podcast talking about how people only feel rich when they are richer than people around them, would love to hear your insights about it, cuz I always feel no matter how much more I am making, I am the poorest among my friends 🤣
What I think that Housel misses in her statement is having any rate of return assumption is a failure at the source of any plan. The US stock market is the only vehicle that has been able to produce semi-consistent returns.
Majortiy of which is due to polictcal corruption, the militirization of the economy, exploitation of foreign interest, etc.
Working with international intersts, financial planning is completely different. Our propensity to save in the US is tightly tied to the degenerate gambeling illusion that is our stock market. The US stock market and corruption within has created a "Free Lunch" that doesn't exist anywhere else.
Try retireing in the Eurozone expecting an 8% geometric RoR in those markets wouldn't work. Your "plan" would fail.
A real plan is having the ability to finance all of you goals without it impacting your ability to do nothing and still be fine.