At the end of 2024, a relative asked me for financial help. She was planning to leave her expensive money management firm at Goldman Sachs Asset Management, where she was being charged close to 1.5% in fees and placed in a series of esoteric GS funds that charged another 1–2%. I’m not a fan of double-dipping, so I […]
I Fired Myself As Money Manager And It Feels Great Read More »
One of the biggest conundrums parents face is managing their own emotions when a stock market, real estate market, or any other risk asset takes a dive. On one hand, it’s painful to watch your portfolio shrink. Every dollar you lose represents time, the most valuable commodity of all. On the other hand, there’s a
A Crashing Stock Market Is Great For Our Children’s Future Read More »
In poker, having position means you act last. And acting last is one of the most powerful advantages in the game. You can raise with nothing to push opponents into folding, call with a weaker hand without fear of getting re-raised, or simply check and do nothing when your cards are mediocre. Every option costs
Having Position Is Only Valuable If You Use It Wisely Read More »
Due to the U.S. and Israel’s bombing of Iran, oil prices temporarily shot up to $120 per barrel (WTI crude). If the Strait of Hormuz gets completely shut down, perhaps oil prices might go to $150+ a barrel. This would create a tremendous tax on consumers everywhere. With yet another increase in a core living expense,
How to Survive Higher Oil Prices After The Bombing Of Iran Read More »
Recently, a home in the beautiful Forest Hill neighborhood of San Francisco was listed for $2.4 million. It had four bedrooms, three bathrooms, and a modest 2,250 square feet. The home had been remodeled about 15 years earlier. As we do with every open house, my wife and I made bets on what we thought
The Pain Of Selling A Home Too Soon In A Rising Market Read More »
Robinhood is one of the most popular online brokerage firms today, especially among younger investors who actively trade. During COVID, Robinhood famously restricted trading in 13 stocks on January 28, 2021. As a result, thousands of investors were unable to buy or sell, and billions of dollars in value swung during the freeze. Robinhood does
How Robinhood’s Venture Fund Listing Could Impact Fundrise Venture Read More »
If you never spend your investment gains, what exactly are you investing for? This question hit me hard after a year of nonstop financial management, market volatility, and real estate turnover in 2025. I had done everything “right” from an investing perspective, yet I felt deprived. So I made a new financial rule for myself:
Treat Yourself To A Luxury Expense To Make Investing Worthwhile Read More »
All of us have three main options to profit from AI: 1) Invest in the right AI companies. 2) Work for the right AI companies. 3) Invest in real estate that will benefit from the AI boom. Investing in the right AI companies is easier said than done. The gorillas like Google, Tesla, Nvidia have
Real Estate Is The Easiest And Safest Way To Profit From AI Read More »
In an aggressive move, Jack Dorsey, co-founder of Twitter (X) and Block (Square, Cash App), announced a mass layoff affecting about 4,000 employees out of Block’s roughly 10,000 employees. For a company that is still growing, albeit slowly, a ~40% cut is extraordinary. As the author of the #1 severance negotiation book, How To Engineer Your
An Inside Look at Block’s Mass Layoff Severance Package Read More »
After three consecutive years of double-digit returns in the S&P 500 since 2023, I decided to cut cable. The reason was simple: I’m conditioning myself to prepare for hard times by not only reducing expenses, but also freeing up time to focus. Yeah, I know. Here in America, when you make a lot of money,
Finally Cut Cable To Prepare For Harder Times Ahead Read More »
