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simplefinance.bsky.social
Airline pilot, single dad, finance and food nerd, writing for simple Personal Finance and Financial Independence. It’s actually very simple. More FILE than FIRE. Not retiring early.
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Congrats @meidastouch.com !!! www.newsweek.com/meidas-touch...

No problem. It’s not like we could ever have a global pandemic or anything

Exactly why low-fee, passively-managed, well-diversified index funds are the way to invest. Don’t give it away to these grifters. stocks.apple.com/AhIq5WHulTAC...

This a great Blog. www.millennial-revolution.com/uncategorize...

Somehow I’ve made 3 trips to Costco in the past 3 weeks, which is way more than normal. I’m ok with this! Putting my money places that haven’t dropped DEI. Plus free samples :)

With respect to you and the S&P 500, it doesn’t provide enough diversification anymore. It’s too heavily-weighted in too few Large-caps. A “Total Stock Market Index Fund” such as the Vanguard VTSAX provides growth, yet with a proper hedge against volatility

Today’s book recommendation

www.wsj.com/opinion/dona...

stocks.apple.com/Ar8P3PihORLK...

Today’s book recommendation:

I recommend a compound interest calculator. This one is simple and free. I have no connection to the creator of this app.

$20/day in 30 years at a more conservative 9%

Are you trying to say that it’s actually AMERICANS who will end up paying for tariffs? I’m shocked. 🤣

Don’t acknowledge the crazy Jerome

…precisely why the low-cost, passive-management approach set up by Vanguard’s John Bogle is the only way to go. All those active-management financial firms on Wall Street are quite simply fleecing their customers, and are a total waste of space.

I agree: data and tracking are key, but only if there’s a willingness to change behavior. On that note, exercise does virtually NOTHING in a weight-loss journey, compared to a massive reduction in calorie intake. Just the same that you can’t EARN your way out of debt; a behavior change is necessary

…especially the expensive cars and houses will destroy your ability to get ahead. The opportunity costs of buying a new car are well over $1m if compounded for 30 years.

…and invest as much of this as possible into a Roth IRA (assuming you meet the income limits), so that it grows and remains tax-free.

Hallelujah

A budget isn’t a terrible idea. However, the evidence shows that people will break their budget, just like they break a diet. The real issue is BEHAVIOR. Change your consumption habits and mindset. Make it your new normal. Just plain STOP buying what you don’t need.

Proof positive that active trading of stocks in the short term is a fool’s errand. Just buy and hold, whether a stock, or preferably an Index Fund

And it’s an illusion that he is a successful businessman. He has multiple bankruptcies, and business failures. Had he invested ONLY $100m of the $400m that his daddy gave him 40 years ago properly in the S&P 500, or even broadly across stocks and bonds, and done NOTHING he would have over $3B

stocks.apple.com/A-yhr6M5PSKW... Not good

Yahoo Finance Chartbook: 44 charts that tell the story of markets and the economy to start 2025 finance.yahoo.com/news/yahoo-f...

Proof that a race to the bottom, and pandering to the farce of short-term “shareholder value”, as well as golden parachutes for American CEOs is bad for business. I wonder when Boeing will realize that moving production out of Seattle was a poor choice. www.forbesmiddleeast.com/industry/avi...

I would say that this is all noise of the day. NVDA TSMC AMD AVGO and chips aren’t going anywhere soon, and demand will only rise. Today was a shopping day for those stocks.

www.marketwatch.com/amp/story/do...

If you’re a gambler, and into buying individual stocks (which I don’t recommend), buy today’s dip in chip stocks like NVDA, TSMC and AVGO. Most people run away from a drop, when you should run TOWARDS a sale.

Today’s book recommendation:

I LOVE DEI and I love that two Washington companies are keeping their DEI policies but PLEASE for the love of God and all her angels, it’s Nordstrom! Not Nordstrom’s. No apostrophe. No possession. Jaysus this is killing me dead😭 #dei #nordstrom