A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Here’s a brief history of the 401k plan:
The Revenue Act of 1978 included an obscure provision called Section 401k which offered employees the option to defer taxes on certain types of compensation.
It was never meant to be the foundation for the nation’s retirement savings.
Ted Benna, a benefits consultant, realized the rule could allow employees to contribute part of their salaries in a tax-deferred savings ...
We also answered questions straight from our Compound audience about setting up a financial plan for your elderly parents, the pros and cons of investing in real estate, how to have difficult financial conversations and how inflation impacts portfolio withdrawal strategies.
Further Reading:
4 Big Questions About the Economy
The post Why the Stock Market Has to Crash appeared first on A Wealth of Common Sense.
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There’s a neat website called Ordinary Abundance that looks at many of life’s luxuries that are relatively new that we all take for granted.
It does this by pulling old quotes from people who experienced these new breakthroughs in real-time.
Electricity:
Clean water:
Medical care:
Indoor plumbing:
Music on demand:
It’s a sign of progress that we don’t celebrate these minor miracles. In fact, w...
Today’s Talk Your Book is brought to you by Sprott:
To learn more, listeners should visit Sprott.com and SprottETFs.com.
On today’s show, we discuss:
Why commodities have become an unexpected AI and technology play
How Sprott defines critical materials and the nine metals it targets
Why miners have been more disciplined this cycle than in past booms
How China’s dominance in refining i...
We’ve been in a bull market for a long time now — give or take 17 years and counting.
But there have always been caveats.
It’s just the S&P 500.
It’s just the Mag 7.
No other markets are keeping up.
The stock market is too concentrated.
The fundamentals aren’t keeping pace with prices.
Things started to change in recent years.
Diversification is working again. All of capex from the AI bui...
