Posts
Bitcoin Isn’t Money, It’s a Religious Object
In an economy, everything we create and trade does something for people. In a religion, people do something for the thing. Think about it. Food gives us nutrition. A coat gives us warmth. A hammer helps us build. Software helps us write, draw, or edit. Gold provides conductivity, resistance to …
First time meeting financial advisor
I have not consulted a financial planner before, so I wanted to know what kind of questions should I ask and what should I aim to achieve out of this call(I have already listed my high level goals). Also, the financial planner wants me to connect all my accounts to …
After listening to a paul merriman debate on the merits of small cap investing, I compared returns over the last 25 years
I kept hearing that within the last 3 market cycles, that small cap has under performed. So I compared the s&p 600 sc value index vs the s&p 500 and I plugged in various dates i.e., 2000-2021, 2000-2012, 2004-2021 2005-2025 etc.. And what i found was if you were invested …
I posted about Private Credit CLOs back in March. The business has 100x in only a few years. Now medium sized businesses are seeing margins compact AND their variable rate debt in the form of CLOs rates going higher. Private Credit is about to see a default cycle.
Private Credit loans to medium sized businesses that are too large for banks and too small for investment banks or public bonds have exploded. With mega PE firms chasing into it, hedge funds chasing into it, and new Private Credit shops by the hundreds year after year in a very …
Vanguard Rebalance Question
Is 50% too much in VGPMX? I just rebalanced as follows: VMFXX 15% VGPMX 50% VFIAX 20% VFORX 15% Just based on the idea (fear) that US Treasuries will be sold, dollar crashes and want more exposure to gold. Am I setting myself up for more additional pain?
Mixing Gold with Your Asset Allocation Improves Portfolio Performance
This is a followup to my earlier post. Even though the S&P 500 outperforms gold (since 1972), mixing 6% into one's equity allocation improves the overall performance in almost all areas. |Metric|Years (1-1972-3/2025)|S&P 500 w/ 6% Gold|S&P 500| |:-|:-|:-|:-| || |Average|53 3/12|10.92% +/- 15.57%|10.88% +/- 16.59%| |Rolling 12-Month Average|628|12.09%|12.28%| |Up …
Where to generate Passive gains to offset a stockpile of unallowed Passive losses?
I have a few rental properties and have accumulated quite a stockpile of Passive losses that have carried forward over the years. I want to create some Passive income streams which can be offset by these losses, to avoid taxes. (I am likely retiring later this year at 58 and …
Tariffs has made supply via Russia the cheapest option (in some cases)
I thought this was a fun share, with all the tariffs volatility, there are a number of products whose supply chain is now cheaper via Russia. I have been playing with search tariff and found some edge cases worth noticing for anyone trying to map supply chain to edge on …
Scott Bessent’s reputation
https://www.politico.com/news/magazine/2025/04/13/scott-bessent-trump-spending-00286211 How is Treasury Secretary Scott Bessent’s reputation and effectiveness compromised by the incompetence of the Senior Counselor for Trade and Manufacturing, Director of the National Economic Council and Secretary of Commerce (and POTUS)? Or is he ruining his reputation all by himself? We all thought this guy was great …
Reasons to liquidate a portfolio early
Hello, I started investing passively in 2019, and today I’ve decided to begin liquidating my six-figure portfolio, as I’m currently sitting on significant gains. **Why do I think it’s reasonable to start liquidating now?** I’ve been following the latest news about trade wars with a sense of enthusiasm, hoping for …