(Not intended to be investment advice)
What a week. The ebullient markets of just a week or two ago now seem like a distant memory. The stock market is volatile and scary again and everything seems to be going down.
But it’s also important to keep things in perspective — despite all the turbulence, markets are just a bit off their all-time highs.
I wrote the article below a week ago, but it’s still relevant today. We’ve been living a dream market of QE, low low rates, and fiscal stimulus for quite some time now. It might be time to finally wake up from that dream. And if the wake up call is rising rates, then the frothier growth stocks will be in for a rude awakening.
Here’s a more light hearted article about the surging prices of collectibles like Magic cards and NBA Top Shots. …
(I do not receive any compensation related to the books I am reading. I am purely reading them for my own interest and education.)
I’m a big believer in books and reading. But I also have the bad habit of buying a lot of books and then procrastinating reading them.
One of my resolutions for 2021 is to read more books. I used to read a lot, but as blogging began consuming a bigger portion of my time, I noticed I read less and less. And when I did read, it tended to be magazines, blogs, newsletters, or newspapers.
Back when I was a kid, I played the card game Magic The Gathering for a while. I begged and clamored for cards for Christmas and birthdays and was able to collect a few rare ones from the older sets like beta and unlimited. A few years ago, I gifted my entire collection to my cousin without thinking too much about it. I figured I was giving away at most a card collection worth $700 or so.
Boy was I wrong. I was listening to a podcast today on the speculative fervor that’s taken hold of the collectibles market today…
I enjoyed this piece by Melinda Blau. In it, she writes thoughtfully and introspectively about her transition from traditional media to the current writing world. At some point, I’ll probably write a longer piece about the commoditization and aggregation of content, including written content. Over the past two decades, we’ve moved from a world of premium and highly curated content along with limited distribution (magazines, newspapers, etc.) to one where content is seemingly generated by everyone (thanks to the Internet’s ability to distribute virtually for free).
Currently, TIPS (Treasury Inflation Protected Securities) investors are paying dearly to protect themselves from inflation. In order to keep up with CPI, an investor in 5 year TIPS chooses to earn a whopping -1.74% annualized real return over the next 5 years.