The S&P is down by 2.75% YTD. US bank stocks declined even more and are getting close to bear market territory. The crash in tech stocks especially the FAANGs is not surprising. Developed European markets are in the negative YTD as well with Germany’s DAX off by 16%. Among the Latin American markets, Mexico is …
Before the Global Financial Crisis(GFC) of 2008-09, FIRE used to mean Financial Services, Insurance and Real Estate(FIRE) to define the US economy. FIRE sectors used to the hottest to be in. Then the FIRE burned out economy. Nowdays millennials have redefined FIRE to be Financial Independence Retire Early where people extreme measures to retire as …
Continue reading ‘Knowledge is Power: FIRE, US Stock Valuations, Retirement Edition’ »
Well. Sometimes the stock market can fall. It shouldn’t be a shock or surprise to anyone. Here are a few articles for the weekend: Five signs that this market party might be winding down (Financial Post) but see Six reasons markets are not expensive (Money Observer) Can the bull run? (Fidelity) and see The most hated bull market …
Continue reading ‘Knowledge is Power: Charts, Multiple Nest Eggs, Hated Bull Market Edition’ »
Came across an interesting Singapore fact posted at The Marginal Revolution blog. In 2016, Singapore police reported 135 total days without any crimes. Comparing crimes between the island country of Singapore and the US would be a fascinating exercise. Incidentally, murders in New York city last year declined to under 300, one of the lowest …