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On today’s show we discuss:
- Covid is crushing people with debt
- People with mortgages have no idea what their options are
- House-rich, cash poor
- Small businesses can’t pay their rent
- 98,000 businesses have been permanently closed
- My regrets
- Amazon could have paid it’s employees a lot of money, if only that’s how it worked
- It’s really hard being rich
- Chris Rock is really rich, but money doesn’t buy happiness
- Ditto for Kevin Love
- The rare plant market is going bananas
- Buying expensive stocks is not a great strategy…buuuuut it’s not terrible either
- Morningstar data on fund flows
- The election and the stock market
- Ideas for retirement
- A deep dive into Penn’s acquisition of Barstool
Listen here:
Recommendations:
Charts:
Tweets:
The fact that equity funds have seen record outflows during the fastest-ever stock market rebound is wild.
From the latest @MorningstarInc monthly fund flows report:https://t.co/B6YQCumHtm pic.twitter.com/Ww9nBwxP6a
— Ben Johnson, CFA (@MstarETFUS) September 16, 2020
Rolling 12mo flows for MFs & ETFs… via @iShares
2020 continues producing some of the strangest charts you'll ever see. pic.twitter.com/pifbU8uAmK
— Nate Geraci (@NateGeraci) September 17, 2020
YTD flows into bond ETFs are now just ~$472 million shy of the annual record set in 2019. pic.twitter.com/Njc923Ugzm
— Ben Johnson, CFA (@MstarETFUS) September 18, 2020
Investor A – saves $2K/year from age 26-65.
Investor B – saves $2K/year from age 19-26 and stops there.
Both achieve 10% annual return.At age 65, who ends up with more money?
Investor A: $893,704
Investor B: $930,641— Justin J. Carbonneau (@JJCarbonneau) September 18, 2020
