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Joined November 2024
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I keep hearing that 401(k)s are a “scam.”
Help me understand the math.
If your employer matches your contribution dollar-for-dollar up to 4% of your salary, you put in 4% and they add another 4.
That matching portion just doubled before the market moves. Aka your 4% just got a 100% return BEFORE even hitting the market
Then your money—and the employer match—can grow with your investments over time.
Yes, fees matter. Yes, investments can go down. Yes, check the vesting rules and match limit.
But calling the whole thing a scam while leaving the match on the table? You’ll have to explain that one to me….
Gm x fam!
Happy Halloween! Not sure what could be scarier than yesterdays market, but I bet we will see tonight!
Everyone be safe and enjoy !
Crypto just faced the biggest hack in its history.
A reported $6.3B was taken from Binance. About $3B has been frozen so far.
And today?
bitcoin:native Bitcoin: -1.51%
Gold futures: -3.65%
$QQQ Nasdaq 100 : -3.47%
$VOO S&P 500: -1.78%
Bitcoin is volatile. But even amid crypto’s biggest security shock, it held up better than gold, tech, and the broader market today.
That resilience deserves attention.
My daughter was sick this morning
I am sick now….because I opened my portfolio 🫣
Ho. Lee. 💩.
$QQQ $VOO $IREN
Daughter is up vomiting so I guess I’m up too….i need all the coffee
And looking at my portfolio has me feeling sick too….aka another buying day it looks like
But first…..coffee. Lots and lots of coffee….4th night in the row one of the kids has been sick in the middle of the night
Gm 🫣
Mag7 performance YTD: +3.2% (including $TSLA -12%, $GOOGL -10% and $META -5% $AMZN -1.82%)
SP500 performance: 12.1% $VOO
And people wonder why $VOO and chill became a thing….
There it is.
Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs.
Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs.
We are in a "stealth" bear market.
And, we believe it's a huge opportunity as we outlined below on October 15th.
Wait this is the news that dropped crypto?? Biggest hack ever?? And markets are barely down?!?
Bull. Ish.
Obviously feel terrible for everyone affected….
bitcoin:native ethereum:native binancecoin:native
BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion.
The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH.
If confirmed, this would mark the biggest hack in crypto history.
We expect more information shortly.
Seems like a good time to add on weakness 👀
bitcoin:native solana:So11111111111111111111111111111111111111112 hyperliquid:native ethereum:native
Emergency funds are absolutely CRUCIAL; but they don’t have to be JUST defense.
They can be offense too.
Here’s how:
-Keep 1 month in an FDIC-insured HYSA (~4.3% APY)
-Ladder 4-week T-bills (~4.0%) for the rest. Axos/Leader have 5% promos—with hoops.
Just be sure to keep it liquid-just in case