Investing

Investing

The Epic Wall Street Crash Just Around the Corner

Posted by The Savvy Retiree on February 15, 2021

I sat down to write this, trying to think of a way into this letter. And the first thing that popped into my head was, “This is the kind of stuff that keeps me up at night.” But I quickly realized that’s exactly what one would expect to read atop a story about the crazy […]

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Investing

Tesla, BMW, and a Historic Week for Crypto

Posted by The Savvy Retiree on February 15, 2021

I have a story today about BMW trying to save consumers more than $7 billion a year. It’s also a story about Tesla and a $1.5 billion investment. And it’s a story about me spending $893 at a Czech computer store. Ultimately, this is a story about cryptocurrency. But stick with me for a moment […]

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Investing

The GameStop Uprising Is a Sign of Something Far Bigger to Come

Posted by The Savvy Retiree on February 8, 2021

Ah, the power of the people. And the hypocrisy of Wall Street. They clashed late last month. And if you will stick with me for a moment, I will explain why it is that the recent GameStop saga tells you why you should own bitcoin specifically and cryptocurrency in general. Maybe you heard what happened […]

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Investing

A Risk-Free Way to Buy Bitcoin (No, Seriously)

Posted by The Savvy Retiree on January 18, 2021

“There is no way,” my childhood friend insisted, “that you’re earning 8.6% a year on a savings account.” That’s the way it goes with cryptocurrency—no one wants to believe you. So many have been so swayed by so much misinformation and misunderstanding from all manner of commentators that, at this point, they simply don’t trust […]

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Investing

Confession Time: The Predictions I Got Right and Wrong Last Year

Posted by The Savvy Retiree on January 18, 2021

Time to hold myself accountable… Back in a letter to you in June, I explained my rationale for diving out of stocks. The pandemic was raging, the economy was sagging, unemployment was problematic, stimulus money supporting struggling families had an upcoming expiration date, and—perhaps most important—Wall Street was trading at irrational valuations. As I wrote […]

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Investing

Put Part of Your Nest Egg in This Asset Right Now

Posted by The Savvy Retiree on January 4, 2021

At the moment, the U.S. is home to about 18.6 million millionaires. If every one of those millionaires wanted to buy just one bitcoin…they couldn’t. There aren’t enough bitcoins to go around. There’s a bigger lesson there that we’ll return to in a moment. Here in the 21st century’s third decade, we—society, writ large—sit on […]

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Investing

6 Reasons Why Dividend-Paying Stocks Are a Wise Investment

Posted by The Savvy Retiree on October 30, 2019

We have a word down in south Louisiana, where I grew up: lagniappe (think “lan-yap”). It’s a French Creole term that basically translates into “a little something extra.” Like, you go into a donut shop and order a couple of chocolate-glazed with a coffee, and the owner throws in a few donut holes just because […]

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