The True Cost of Market Returns

Good morning,

Over the weekend, some friends asked me about my financial advisor post last week. They still weren’t sure if they needed one.

Here are a few quick questions for you to be sure:

Do you have a million bucks?Do you own a business or multiple properties?Are you divorced with stepchildren or some other financial complication?

If you’re 0/3, you probably don’t need one.

If you answered “yes” and feel you’d benefit from a financial advisor, you’re likely better off avoiding any who charge a percentage of assets under management.

And now, your Tuesday newsletter!

“There ain’t no such thing as a free lunch.”

News  📰

Forget Stock Predictions for Next Year. Focus on the Next Decade. (NYT)Messi’s Argentina Beats France to Win the World Cup (WSJ)Binance’s books are a black box, filings show, as it tries to rally confidence (Reuters)Worker strikes surged in 2022 (Axios)Twitter Users Say Elon Musk Should Quit as CEO (NYT)Tech companies are reigning in once-legendary holiday parties (The Information)Why America Doesn’t Build What It Invents (The Atlantic)’Heartless’ mass layoffs hit US workers ahead of holidays (The Guardian)Shrinking Office Building Values Are Becoming a Dilemma for City Budgets (WSJ)

Headlines To Ignore  🙅🏼‍♂️

Buying These 3 Stocks Could Be the Smartest Investing Move You Ever Make (Motley Fool)Analyst Warns Ethereum Could Tumble 65% From Its Current Level, Why He Sees More Downside (Benzinga)10 stocks Wall Street analysts hate heading into 2023 (Yahoo Finance)

Tips  💎

“You can likely earn about 10% annually over a thirty-year period. The catch? You must stay the course through war, terror, bubbles, financial system failure, natural disasters, and pandemics. Super easy, right?”

Everything has a cost & market returns are no exceptionIt’s simple to create wealth by staying invested, but it’s not easyThe S&P returned ~10% annually in the last 30 yearsIn the last 30 years, we’ve also endured three recessionsStocks historically provide positive returns, but it’s not a smooth ride upHold some cash for securityMake a plan & stick to it (bonus points for automating it)

Read the Full Article: There’s No Free Lunch: The Real Cost of Market Returns

Announcements 🔈

1) I will now send each newsletter at 6am PST. Fingers crossed my email platform will eventually account for time zones so that you can all receive the newsletter at a time that works best for you.

2) I will be continuing to write this newsletter into 2023 and I want to know what you’re most interested in.

You can only answer once, so let me know what you think!

Deals 🤝 (Sponsored)

If you still have holiday shopping to do, or you just enjoy shopping, I highly recommend you check out Italic

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The difference? Italic prices these items, made with equivalent materials and quality, at 60% of traditional retail.

Get 15% off your first purchase.

I’ve personally bought luggage, skincare products, sheets, candles, slippers, & jewelry. I’m always pleased with the quality and friends regularly ask me about their products when they see them at my house.

If you want more like this, follow me on Twitter. Despite the current absurdity, it’s the best social to connect with me on right now.

Have a great week!



PS: You probably don’t need a financial advisor.

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Disclaimer: This newsletter is strictly informational. It is not investment advice, tax advice, financial advice, or a solicitation to buy/sell any assets. Please do your own research. This newsletter may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links (at no cost to you).