The Bureau of Labor Statistics released the Consumer Price Index for April and I was eager to check it to confirm my suspicions about the high cost of meat and electricity. I downloaded the relevant charts and am posting them below. If you want to play around and create your own charts you will find…
The 50/30/20 Budgeting Rule
The 50/30/20 budgeting rule is making the rounds on the internet and I honestly wasn’t sure what it was until I read up on it. I haven’t had an official budget in over 20 years and that’s largely because I have always paid myself first. For decades, I’ve always tried to maximize my 401k, kept…
Chat GPT-4o & How To Get Rich
OpenAI released a new version of their Chat GPT product called GPT-4o and I’ve been playing with it. I asked, “what’s the best way to get rich in the United States” and here was the response. Entrepreneurship: Starting and growing a successful business can be a highly effective way to build wealth. It involves identifying…
The Cost of Celebrating Mother’s Day
I haven’t been posting lately and that’s because of a very expensive Mother’s Day. It all started when I was voluntold that we would be hosting Mother’s Day for my mother-in-law and my mom. This meant we would be having at least 20 people over and maybe more depending on which extended family decided to…
Happy Mother’s Day
To all the mom’s out there Happy Mother’s Day!
Did Boomers Steal Wealth From Millennials?
I came across this captivating and intriguing Ted Talk by Scott Galloway entitled, “How The US Is Destroying Young People’s Future” and Scott pulls no punches in his assessment of the plight of young people. I’m not sure how I feel about the whole thing. I am fully aware that young people have a much…
My Favorite Market Valuation Tool
Warren Buffett sold 100 million shares of Apple stock recently and while taxation was supposedly the main driver of the decision, it wouldn’t surprise me one bit if the entire stock market corrected 20 to 40 percent over the next 12 to 18 month. You Gotta Know When To Hold’em I consider myself primarily a…
My Favorite ETF Comparison Tool
I invest in ETFs for my investment portfolio. Some of my current ETF holdings are CPSM, SPGP, TLT, SCHD, SCHY and I use a tool by ETF Research Center to check my holdings. SPGP vs SCHD As an example, below is a screen shot checking the overlap between SPGP vs SCHD. As of the time…
Our Plan To Will Assets Equally, Not So Easy
My wife and I periodically update our Will and we’re getting close to having to update it again. The major changes over the years were who we designated to have as custodian for our kids but now that all our kids our adults, we’re planning on updating it again. To that end, I started watching…
I Bought Starbucks Stock
It is ironic that I wrote a post about Starbucks not too long ago and I picked up shares of the stock given the huge negative reaction to the recent earnings miss. Keep in mind that I only bought 30 shares to open a position and I will accumulate if it goes down further and…