MONITOR ACCOUNTS

“And, also, being in our forties, I was having this conversation with my husband last night at dinner. I was like, I'm really proud of us because we are taking a moment right now in our mid to late forties to say, okay. What do we need to do to be able to retire or to be able to arrive at retirement and not have anxiety over money? I'm gonna probably write about this because I don't think enough people talk about this. Maybe people are doing this, but I don't see the financial planning community saying, for example, hey, midlifers, here are the things that we want you to start checklisting because we now have the hindsight. We now know that for people who are turning 65, 70, 75, here are the big financial headwinds. Health care costs. Cost of living still is very high in your retirement age. Do we know what you're gonna be getting from Social Security? What are the gaps that we need to start filling and start filling incrementally today so that when you arrive in retirement, you're not shocked, surprised, feeling super behind.”

“Research shows that children who develop a healthy relationship with money early in life end up in a significantly better financial position as adults. We look and explore practical strategies for instilling sound financial habits in your kids, whether it's your kids, your grandkids, or your nephew, to help them enter the decision-making process with their eyes wide open.”

“You know, I've come across this rule of thumb over the years in my work, and it's adjusted over the years too even this rule of thumb. I think as we're living longer, but it started as a rule of thumb where you take the number 100 and you subtract your age, and that number that you're left with, the percentage of that is the percentage of your portfolio that should be allocated to stocks. Well, now we're living longer. So many people, and I myself included, use 110 and subtract your age, and then that is the number you allocate to stocks. So for Lucia who's 35, 110 minus 35 is 75. So 75% stocks, that's called the age based rule. Then the remaining percentage, 25% for Lucia, would be allocated to bonds.”

“We moved 10,000 troops over there, and you don't usually move 10,000 troops halfway around the world if you're not going to use them to some degree. To me, this is a military buildup that's happening that's probably going to turn into more escalation in the coming months, keeping risk in both directions for crude as we hang around $90 to $100 per barrel.”

“Influencer Hunts For Twin Lookalike On Instagram & Brutally Kills Her - But She Won't Say Why. This case involves a suspect who utilized social media to track down a person with a striking physical resemblance for a violent purpose.”

“Mattheo is driving to a town called Nuremberg in Germany. A good friend of his is sitting shotgun and just as they’re driving past a local pizzeria, about to get onto the highway ramp, Mattheo spots something in his peripheral.”

“Overall, CEMEX is in a bullish uptrend and relative strength is strong, so it's a name I'd probably continue to hold, but understand that this is probably not a set it and forget it ten-year hold. When the cycle turns, this will certainly struggle mainly because it's cyclical and they are generally a price taker with relatively thin profit margins.”

“If my kids were going to college right now and they were looking at a school school that was a $100,000 a year, it's kind of a nonstarter, I would say, in our household. But I would say, look. In lieu of going to that school, what if you chose a school that was 40% less? And I would give you the remaining 40% that we're not giving to this academic institution. I will invest this money for you. By the time you turn 30, you could probably buy a house. You could do whatever you want. You could start a business. You would have such a leg up in life. Again, really hard to have these conversations with teenagers, but you gotta have the conversation. It's hard. I I see parents, like, the kids are not happy with them. But it's a small price for you to pay for your kid's gain in the future. Let them be unhappy with you for now.”

“So the basic question we all need to ask ourselves is, does the financial outcome justify the financial input? This is a very hard place for 19 year olds to live and think and breathe. It's hard for mature adults to, you know, think more about the money than the emotional ties to a decision. But does your financial make or break sugarcoat this? Deciding on where you go to school and how much you're gonna pay and how you're gonna pay for it can be a make or break financial decision, not just for the next four years, but for the rest of your life. The rest of your life. I can count on my hands the number of 40 year olds I know who are still paying back their undergrad and graduate student loans. They do not own a home. They hardly have any investments for their retirement. This has been a crippling decision for them.”

“The moment the car stops, he’s out and walking straight up to a girl with long, dark hair standing in front of the pizzeria. She looks a bit skittish. He says the first thing he asks her is, 'Are you dead?'”

“Empire State Manufacturing Units came at plus 11 versus consensus negative.5, so that was positive. But prices paid increased from plus 36 to plus 51, so you continue to see a very inflationary environment where rates were up two to three basis points across the curve and Treasuries were a bit weaker on that side.”

“What happened was she got a customer alert that her email and phone number had been removed from her account. Okay. This is a major financial institution. I have the link to the New York Times article in the show notes. When she logged in, this woman discovered that her accounts showed a $0 balance and no records. Even her historical documents, like her statements, her tax forms, everything was missing. And so from her perspective, it looked like her money had been wiped out. Like, someone had hacked into her account and stolen all her money. Right? Like, what would you think? So she gets in full panic mode. She calls the company on her way to her job, and they told her that, well, she doesn't seem to have any accounts with them. They actually suggested that maybe she called the wrong bank.”

“She’s not supposed to be here. She’s not supposed to be anywhere. She’s supposed to be dead. The discovery that she was still walking the streets of Nuremberg suggested a complex and dark plot involving her own reported demise.”

“She responds slowly, 'I don’t know…' Then she bolts. Runs off. Mattheo jumps back into the car to follow her. The encounter confirmed that the person believed to be deceased was actually very much alive and fleeing identification.”

“What you have to realize about bear markets in an asset class or a sector is that the rallies are often strongest in a bear market. That's because it's a lot of short covering, and I think that's what you're seeing right now in markets; it usually leads to a rollover and the downtrend continuing, but it can bounce for a number of weeks.”