A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
The future is always uncertain.
No one ever knows for sure what will happen.
But a period of rapid technological innovation, combined with heightened geopolitics at the moment, makes it feel like the ambiguity is through the roof.
I’m not gonna lie, these environments make me uneasy too. Life and financial planning would be much easier if we all knew what would happen in advance.
Alas.
I don’t claim to have it...
Heading into the 19th century, about 70-80% of all jobs in the industrial world were in agriculture.
Most people were farmers.
By 1870, more than half of all men owned or performed labor on farms.
Today less than 1% of the U.S. population works in agriculture.
Innovation and technology made farming more efficient, so people moved on to factory jobs and eventually white-collar work.
There are plenty of jobs over the years ...
We also answered questions about box spread loans, retirement plans for small businesses, Coast FIRE and tax-efficient asset location strategies.
Further Reading:
Can Covered Call Options Serve as a Bond Replacement?
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There’s an old saying that hope is not an investment strategy.
I understand the sentiment.
You can’t just hope and pray everything you buy goes up and to the right always and forever. You need a risk mitigation strategy and a plan for when things inevitably go wrong.
But optimism is absolutely an investment strategy. It’s my investment strategy.
No one knows what the future holds but why would you inves...
Older people are having a moment in the economy.
According to Axios, people 55 and older now make up more than 45% of spending in America:
The Wall Street Journal shows that the 70 and over crowd now controls around a third of the net worth:
Those 55 and older control almost three-quarters of the wealth:
These kinds of numbers make A LOT of younger people very angry.
I understand the resentment/annoyance/frustration. I...
