UPDATE 4.5.23: Gold is once again nearing all-time highs. Jim Wyckoff of Kitco News reports: A standout feature in the marketplace this week is gold prices pushing above $2,000.00 an ounce and closing in on the record high of $2,078.80, scored in March of 2022. A weakening U.S. dollar index and a surge in crude […]
Investing
Your Easter Money Can Yield Close to 4.5%
Is your lazy cash sitting around eating all your Easter candy? Murdering Peeps and defenseless chocolate bunnies? Well, after this weekend, that needs to stop. No más. With Fidelity’s Treasury Money Market (FZFXX) yielding close to 4.5%, it’s time to get your lazy cash off the couch. A little spring cleaning, if you will. If […]
Your Cash Swept into Your Broker’s Bank Account!
UPDATE 4.4.23: Don’t allow your savings to be swept into an account paying almost nothing in interest. Your Survival Guy writes this morning: Is your lazy cash sitting around eating all your Easter candy? Murdering Peeps and defenseless chocolate bunnies? Well, after this weekend, that needs to stop. No más. With Fidelity’s Treasury Money Market […]
Inside the Wreckage of a Dystopian Financial District
Imagine you’re walking through the wreckage of a dystopian city. An empty financial district. Streets littered with white papers. Forgotten studies about ESG, woke capital, and DEI. You pass the shuttered storefronts of banks that were supposed to be too big to fail. Net Zero and WEF membership stickers are coming unpeeled, next to signs […]
Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You
You have every right to wonder what’s going on with Charles Schwab. Its stock is off 30% this month. Its banking unit’s sweep account is bleeding deposits. Thankfully, dear reader, you’ve been with me through thick and thin, and by now, you know the deal. Schwab is a publicly traded company. It gobbles up smaller […]
BEWARE: The Road to Digital Currencies
With everything going on in the banking world, is it any wonder Your Survival Guy likes doing business with Fidelity? It’s a non-bank, non-publicly traded company. Banks are under enormous government pressure to consolidate, while publicly traded brokerages are pressured to meet quarterly earnings. It’s a bad one-two punch. Look at Charles Schwab, for example. […]
Another Habit of Highly Successful and Fairly Wealthy People
Another habit of highly successful and fairly wealthy people is this: delegation. You didn’t get to where you are without a little help from your friends, staff, and loved ones. You learned habit #1, saving money, at an early enough age, and you saved til it hurt. You delegated that task. Did you set it […]
Your Survival Guy’s #1 Habit of Fairly Successful People
Your Survival Guy’s number one habit of fairly successful people is saving money. Done. Simple. Easy to understand. Hard to do. Because, like all habits, it can be hard, initially, that is, but then it’s quite a bit of fun. Compounding money—the eighth wonder of the world. Don’t just take Your Survival Guy’s advice; go […]
Are Banks Now a Bargain?
In The Wall Street Journal, Sam Goldfarb examines the sentiment by some that banks are now trading at bargain prices. He writes: A growing number of investors are betting on a rebound in the banking sector, wagering that regional lenders are in much better condition than many initially feared after the collapse of Silicon Valley Bank. […]
“You Just Have to Be Willing to Move Defensively”
Happy Monday. A perfect day for some tough love. Your Survival Guy read an article over the weekend showing the savings and investments of some retirees. Here are their annual spend rates based on my back-of-a-napkin math: 12.6%, 15.8%, 10.5%, and 2.5%. The first three are terrifying. The fourth one’s OK. When Dick Young’s North […]
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