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Ben Carlson
@awealthofcs
Trying to bring some common sense to the world of finance. NEW BOOK: amzn.to/4bEiQs2
Grand Rapids, MI
Joined December 2009
Posts
  • Pinned
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    It's publication day for my new book! Risk & Reward is now available Tons of my favorite charts, stories and anecdotes I read the audio version of the book myself I had a lot of fun writing this I think it's the best thing I've ever written
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    Wall Street analysis on tariffs:
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    I can't wait to cut the cord and simply subscribe to: Netflix Disney+ Apple TV Prime Video HBO Go Starz Showtime Cinemax Hulu ESPN+ YouTube TV Sling TV This will finally help me reach my goal of becoming a minimalist
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    Guy on my flight just announced to everyone sitting near him the Fed cut 50 bps No one cared or even knew what he was talking about Had to give him a head nod in solidarity
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    After my mortgage payment, 401k/529/IRA contributions, my annual 6 week vacation to Europe, private school for the kids, 2nd home in the Hamptons, a handful of angel investments and country club membership I basically live paycheck-to-paycheck This economy is the worst
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    Gotta be honest Never thought I would see a president actively try to hurt the economy and stock market
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    I think about this quote a lot (from Tribe by Sebastian Junger)
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    Unemployment rate 4.1% Inflation rate 2.4% 10 year treasury rate 4.3% Real GDP growth 2.8% If there is such a thing as a sweet spot for the economy we're basically in it right now
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    how to be a billionaire (per the internet): -sleep 10 hrs/day -read 6 books/week -meditate for 2 hrs/day -post motivational quotes -wake up before 5am every day -work 14 hrs/day -workout 2 hrs/day (before work) -but also have a good work-life balance voila that's it
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    My favorite Gene Hackman personal finance story about how Dustin Hoffman used to budget his money when they were broke:
    00:00
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    New FTX balance sheet just dropped: They now claim to hold 27 Taylor Swift concert tickets valued at $3.9 billion
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    The Fed needs to raise rates as quickly as possible to tame inflation by sending us into a recession where they can then cut rates to save us from the recession
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    June 2022: US inflation rate: 9.1% US unemployment rate: 3.6% Now: US inflation rate: 3.1% US unemployment rate: 3.7% I don't think we're making a big enough deal about how well we threaded the needle here
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    My all-time favorite Bezos anecdote is Harvard business school students giving him feedback on Amazon in 1997