07-JULY 28-2021

MarriageGood morning.
Last week saw the stock market dive on rising Delta variants to Covid 19.  Yesterday saw a big drop, particularly for tech.  The reason?  A crackdown by China over a number of companies there.
These drops are usually healthy, as they help curb speculation and keep traders on their toes, either by quickly turning profits into losses, or by creating new trading opportunities at a better value.  This summer’s market is starting to look like the summers in the mid-1990s when tech stocks would correct going into the autumn, only to end the year higher.  In the meantime, the overall market will likely continue climbing the wall of fear.

Now here’s the rest of the news:

Elizabeth Warren Wants the IRS To Create Its Own Turbo Tax, What Could Go Wrong? –Liz Wolfe,Reason
An IRS-built system would likely be built to represent government interests, not to maximize your deduction or protect your information from meddlesome auditors. [Read Here]

July 28, 2020

Big-Fish...-Little-FishGood morning.
Have you ever seen the old tootsie roll pop commercial where the boy owl asks, “how many licks does it take to get to the tootsie roll center of a tootsie pop?”  The owl responds by saying, “good question’” taking the pop, takes three licks and then bites it.  The owl then responds to the boy by saying, “three.”
The issue with stimulus & deficits is that the money spent is generating less and less returns to the real economy and the stock market as exhibited by gold’s meteoric rise.  We keep adding more stimulus be-fore the original has a chance to do anything for fear of failure.  How much growth will the economy get from $1 trillion in deficits?  The world may never know.

Now here’s the rest of the news:

Capitalize On What Could Be a Major U.S. Lithium Breakthrough Piles of what 'looks like' salt
Lithium could soon be one of the world’s most coveted minerals.
Citigro up estimates lithium demand will increase 64% in the next five years, as batteries that fuel electric vehicles and store solar and natural-gas power become the norm.  Two famous energy explorers, who have built billion-dollar companies, have set up shop at a prop-erty in Nevada, which could soon be America’s largest lithium deposit.

July 28, 2019

What makes people ruin their lives?

by Jennifer Taylor, Lawyer / Personal Finance Writer

I believe that there are 3 main things that ruin people’s lives.  It does not happen instantly or during a single event, but slow and steady over time.

I. They Can’t Get Off the Consumption Treadmill

The “Keeping Up with the Joneses” idiom refers to when an individual constantly upgrades their life-style because they see their neighbours doing the same and do not want to be perceived as having an inferior socioeconomic status.  For example, you may buy a new Mercedes because you noticed your friend just bought a new BMW.  You upgrade your iPhone because your co-worker has the newest version.

This is dangerous for two reasons.

First and foremost, you will always lose.  New products are coming out every single second, with brilliant marketers selling you on why you need it in your life.

You will also start to develop the mindset that happiness can be obtained through the pursuit of bigger and better possessions.  This is a recipe for disaster.  It also shows to your colleagues, friends, and family that you value style over substance.

Second, this is a sure-fire way to never accumulate wealth.  In order to generate true wealth, you have to live within your means.

I live a frugal lifestyle.  I only purchase indulgences that truly optimize my happiness.  I still eat sushi, get drinks with friends and buy coffee at Starbucks.  However, these are all done within moderation are ultimately constrained by my budget.  Since I do not engage in these activities every single day, it actually optimizes the pleasure I receive from these indulgences when I do have them.

We need to be more mindful about what we consume.

II. They Lack Discipline

You need habits.

You need routine.

You need values.

Without either one of these things, you will be directionless and unproductive.

I would not be able to write 20 hours every week while working as a full-time lawyer without a rigid daily routine.

During Monday to Friday, I wake up at 5:30 AM, make coffee, sit down at my desk and write for an hour and a half.  I then shower, eat breakfast and get ready for work.  On my half an hour commute to and from work, I read either on my iPad or a physical book.  When I return home in the evening I write for at least another hour.  An hour before I sleep, I stop scrolling social media and leave my phone on my nightstand.  I then read, again, until I head to bed.  Rinse.  Repeat.

The hours that have been given are enough to accomplish our wildest goals.  We just don’t have the discipline to get anything done.

III. They Don’t Chase What Makes Them Truly Happy

I believe, more than anything, that you need to figure out two things: your interests and what you’re good at.  And then, how those two things intersect so you can profit off what you love.

This relates to my first point – stop looking for happiness in things that will end up in a landfill in 5-10 years.  Instead, spend that money on exploring what you enjoy and what you’re good at.

Instead of upgrading your cellphone, enroll in a writing course.

Instead of upgrading your house, travel somewhere new.

Instead of upgrading your car, buy those luxury craft materials that will take your handmade product to the next level.

It’s such a simple formula but one that few rarely follow.

Determine what makes you happy.

Determine how you can keep doing that for as long as possible.

Concentrate on what matters.  Stop allocating your time and money on the rest.

In summary, people ruin their lives because they lack focus, discipline and self-awareness.  Although these are interconnected, I view them each as very distinct.

You need to focus on things that only align with your values, ambitions and aspirations.  You need the discipline to put in the actual work to achieve the goals that you defined.  And, most importantly, you need the self-awareness to know what actually makes you happy.

Thanks Jennifer, as you teach, we will listen.  🙂

Come From Aways, Do You?

More Posts

01-JANUARY 26-2022

Good morning. In spite of 7 percent inflation rates right now, consumers are continuing to spend.  While their overall confidence has dropped, the actual spending itself shows that the economy, largely dominated by such spending, is likely to continue moving higher this year. If inflation rates start to decline in the coming months, the market could be setting up for a solid return as the current fears abate.  Given the latest data showing that consumers continue to be interested in buying homes, automobiles, and appliances this year, even a small change higher in interest rates will unlikely derail the economy’s

01-JANUARY 25-2022

Good morning. On Friday, the stock market broke its 200-day moving average lower for the first time since July 2020.  Stocks are looking at oversold levels going into the weekend, with many names down much further than the overall stock market index.  But yesterday’s wild trading saw a massive drop reverse into a gain at the close. This reversal could be a sign of capitulation by sellers, and that the worst of the current decline is over.  With leveraged traders already wiped out, and plenty of cash from retail and institutional investors on the sidelines, the market could see a

01-JANUARY 24-2022

Good morning. Markets had $3.3 trillion reasons to be volatile last week.  That was based on the notational value of options expiring on Friday.  That included $1.3 trillion for individual stock positions alone, the second-highest on record.  Traders repositioning those trades ahead of expiration last week may have contributed to the big selloff, which finally started reversing on Friday as Treasury yields started coming back down. Given the growth of options trading, this phenomenon of added volatility into options expiration weeks may continue for the foreseeable future.  While February’s contracts are far lower in value, the next big hump will

01-JANUARY 23-2022

Today! January 23, 2021 “Creativity is an action, not a feeling.  Your work is too important to be left to how you feel today.”  –Seth Godin Power Thought That Raises Awareness Whenever we’re talking about personal transformation — whether it’s physical (lose weight), financial (get out of debt), mental (overcome anxiety), spiritual, relational (repair a broken relationship), etc. — what we’re really talking about is change.  And for most, that can be scary.  In fact, many people don’t even entertain the idea of change until the pain of not changing becomes unbearable. In other words, you have to be ready and willing

01-JANUARY 22-2022

Today! January 22, 2021 Good morning. The trade war.  The pandemic.  The election.  All the big catalysts that can move markets up or down are now off the table.  So what’s next?  Until a new catalyst emerges, expect markets to drift. With markets in a long-term uptrend, the drift will likely be higher.  Individual names can still have some big news on corporate announcements and earnings reports.  And look for potential catalysts that could provide the market’s next big move, whether higher (stimulus) or lower (war, pandemic, today’s high valuations). Now here’s the rest of the news: A “Cash Panic”

01-JANUARY 21-2022

Good morning. Fears of rising inflation are likely to peak this year.  That’s good news.  And with news that major spending bills would be broken up, the likelihood of further fiscal stimulus to drive inflation higher is also likely to help there. In other areas, however, the economy is showing signs of a slowdown.  Jobless claims have risen to a three-month high.  Home sales have slowed after a massive boom in the past 18 months.  And now, expectations are that the trans-Pacific cargo trade are now rising to a three month wait time on average.  With a longer wait time

01-JANUARY 20-2022

Good morning. While the stock market has largely been focused on rising interest rates in the past few weeks, the start to earnings season this week has been subdued.  Many of the big banks have started to report numbers.  And banks should be faring well even with higher rates of inflation going on right now. However, bank earnings have overall been lacklustre, as many banks have reported trading losses that have offset the gains made from a big year for mergers and IPOs. If bank earnings aren’t enough to get the markets excited and moving higher, chances are we’re in

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message