Last year, stock prices rose to levels that are completely and utterly absurd. Considering the economy was and is still down, unemployment was at an all-time high, it was puzzling to see all these investors pouring in. Many think that we are currently in the largest stock market bubble in the entire history of our nation.
FIRE. It stands for Financial Independence, Retire Early. It’s all the rage. Young people are on a quest to keep their spending at a minimum and have enough money to retire in their 30s or earlier. They move to countries or states where cost of living is really low. They go off grid which means they cut themselves from the internet, TV, and anything else that could incur extra bills.
The US is going to run out of money. Imagine that. The world’s reserve currency has no money. Forbes reported that The U.S. Treasury stands to run out of cash as soon as October if the debt limit isn't lifted in the coming weeks.
or all those saying inflation is over, don’t worry! There’s 7 more years of it. Kristalina Georgieva, the International Monetary Fund chief, said that there is a risk of a more sustained rise in inflation or inflation expectations, which could potentially require an earlier-than-expected tightening of U.S. monetary policy.
One of the most common questions I get from friends and clients is whether or not it is better to invest in gold than in real estate. The answer? Neither is better than the other because it doesn’t even warrant a comparison. I have always advocated diversification and I don’t see it changing.