Everyday Is Saturday

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Fake millionaire debt crusader.

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Do you mean illiquid (home equity) millionaires?

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What’s the point of 3-4x more volatility with less than market-level returns?

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This is how I think about many investment / types. Risk premiums live! Or should.

Your theta and my theta are slightly different timelines “for the long”.

America! Just like forefathers envisioned it.

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The stock market is a measure of inflation and trump likes it when the stock market goes up

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Well, well, well…now complete the thinking path to stock market returns > currency debasement.

What drives stock market returns?

Inflation
Real economic growth
Dividend yield
Changes in valuation

Margin (significant) over currency debasement via 3 of those SOBs. It’s right there. Complete the path.

Millenials rejoice!

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At that time, payroll tax revenue and other income sources will be able to cover only 78% of benefits owed.

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Over the cliff

It goes from 100% of benefits owed one quarter to 78% of benefits owed the next? Decreasing at massively decreasing rate all of sudden? Dried up by sundown next quarter?

Guess I gotta read that sob article now.

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I was going to donate most of my future SS funds to a needy millennial so they could keep going to Starbucks.

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Looks like Millenials will have to brew their own now.

No more frappa-lappa-cinos.

You only have so much time in life. Finite!
It’s more precious than anything they think they learn by spending it watching a stock market (ephemeral one) each day / intra day.

How you trade your time, I think, is far more valuable!

Invest for the long. Go play with your kids, cards with your elderly parents, hike in a state park, listen to James Brown music, drink coffees with an old friend.

The NPV of your time is infinite.

Don’t waste it.

Devil went down to Tuscaloosa looking for testes to steal. He was in a bind because way behind and willing to make a deal.

You laid your golden Saban down. Time to pay the devil.

LINK



Starting the estate planning learning process. Found this video to be clear, concise and taught me a lot in 30 minutes. Worth a look if you are at similar stage.

Summary:

Estate planning is not just about paperwork — it’s about legal structure, probate, control, and how assets actually transfer at death. In this in-depth guide to wills vs trusts, Erin walks through what a will actually does, what a revocable living trust actually does, and how probate really works. They cover how assets transfer by beneficiary designation, by title, and through probate court — and why your will does not control everything you own. If you’ve ever wondered whether you need a trust to avoid probate, whether trusts reduce estate taxes, what happens if you die without a will, or how retirement accounts and life insurance policies pass to beneficiaries, this video breaks it down clearly and mechanically.

You’ll learn the real differences between a will and a revocable living trust, how probate assets differ from non-probate assets, how joint ownership with right of survivorship works, and why funding a trust properly matters more than simply drafting one. We also cover incapacity planning, including how a successor trustee can step in under a revocable trust, how powers of attorney fit into an estate plan, and why guardianship for minor children can only be named in a will. I briefly explain irrevocable trusts as well — including when they may be used for estate tax planning, asset protection, or Medicaid planning — while keeping the primary focus on the practical decision most families face: will vs revocable living trust.

This video is designed to give you a clear estate planning framework before you meet with a qualified estate planning attorney. Whether you’re planning for minor children, navigating a second marriage or blended family, thinking about probate avoidance, or simply trying to coordinate beneficiary designations with your overall financial plan, understanding how wills and trusts actually function is critical. Estate planning is a foundational part of retirement planning, wealth transfer strategy, tax planning, and long-term financial security. Once you understand how assets legally move and who controls them at different stages of life, you can build a plan that fits your family, your state laws, and your priorities — without being driven by myths or marketing.

Start a rocket company and go public Friday.