On this week’s episode Jacob and Tom talk about the Market's most recent rally, Tesla's stock price, the "Trump bump", and the current narratives around buying a new car.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about Inflation?
https://www.newsletter.tiredandrich.com/p/the-truth-about-inflation
On this week’s episode Jacob and Tom talk about the aftermath of the election, Warren Buffet's stance on Apple, Bitcoin, and what to prepare for financially as we head into the end of the year.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about The Winners and Losers?
https://www.newsletter.tiredandrich.com/p/winners-and-losers
On this week’s episode Jacob and Tom talk about Fads, small cap vs large cap companies, the Japanese stock market, and the recent market trends.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about The Costly Mistake?
https://www.newsletter.tiredandrich.com/p/the-costly-mistake
On this week’s episode Jacob is running solo. Jacob talks about overall market trends and the strength of the modern day US economy. We learn about the statistics of all time highs and the average market performance in recent times.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about What the Wealthy Know?
https://www.newsletter.tiredandrich.com/p/what-the-wealthy-know
On this week’s episode Tom and Jacob talk about the jobs report, the strength of the US economy and its biggest companies, the emergence of AI, and a very large payday....
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about What the Wealthy Know?
https://www.newsletter.tiredandrich.com/p/what-the-wealthy-know
On this week’s episode Tom and Jacob talk about the recent button trend, having hired guns, and the levels of wealth in the United States.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about soaring tensions?
https://www.newsletter.tiredandrich.com/p/soaring-tensions
On this week’s episode Tom and Jacob talk about the large Interest rate cuts and the election season and how that affects your money.
Email Jacob at jacob@tiredandrich.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=podcast
Become a client of Fjell Capital https://www.fjellcapital.com
Want to read more about the election?
https://www.newsletter.tiredandrich.com/p/the-election-and-your-money
On this week’s episode Jacob is in California so Tom discusses with the viewers about the looming interest rate cuts, the overall uncertainty in the market, and he brings back the basics to investing.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here
Want to learn about today's interest rates?
https://www.newsletter.tiredandrich.com/p/interest-rates
On this week’s episode we talk about the common misconceptions on retirement, and the benefits of starting early.
We talk about how to strategically plan for retirement and the inverted yield curve.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here
Want to know A Better Way to Budget?
https://www.newsletter.tiredandrich.com/p/investfirst
Show Notes:
Introduction:
What happened in markets:
Markets hit a road block, but not the whole market. Tech no longer has the lead on the stock market. Utilities, financials, and good ole consumer staples have kept the market propped up, being the best performing sectors this year.
Jobs, the Fed, and inflation have the markets on edge.
QUESTIONS TO ASK TOM
Retirement as a Process: You mentioned that retirement is a multi-year process. Can you explain what that process looks like from the initial planning stages through the first few years of retirement?
Tired & Rich
Morning everyone,
We're going to dive into retirement today.
Many of you are on the back nine of your career, meaning retirement is getting closer.
It's getting real. You check your 401k balance and occasionally receive an updated Social Security Statement, and you're wondering how it will all work.
Can you swing it?
Can you retire when you want to?
How best to plan the next ten years (or whatever you have left)?
Well, today, we're doing just that.
This edition will be more of a cliff notes version than a deep, exhaustive dive.
I want to give you a dose of reality.
Because there's what your friends say it's like, how your parents did it, what you read on the internet, and how it actually works for you.
First of all, I am a massive advocate of not winging retirement planning.
Over the years, I've worked with too many families who come to Fjell late in their careers to get serious about retirement planning.
They almost always say, "We should have done this sooner," we say, "Sure, but we can't change the past, only the future. Let's get you a plan to crush retirement."
There are many reasons why kicking the can down the road happens, but I want to start with a firm reminder: Don't let that be you.
This quote sums this up nicely - fail to plan, plan to fail.
Don't wing it 🙂
Now, onto the retirement tapas menu.
#1
While there is a day that you will quit working, retirement is actually a giant, multi-year process.
It's a process to retire, and once you are retired, it's a process to get used to retirement and fine-tune your investments and spending strategies.
I recently had a conversation with a client who has been retired for a few years and just turned on social security.
I remember the "Should I retire a few years early?" conversation, and now, years and years later, the conversation of "Is now the time to pull Social Security?" happened.
Retirement is a process.
Just like your career is/was a process.
It takes time to dial it in.
The day you quit working is your "retirement date," but it really starts years before.
#2
Second, retirement is a mind trip.
It's weird to spend your entire career, like 40 years, saying we need to add to our investments accounts, then, overnight, you say, "We need to start pulling money out of our accounts."
The shift from saving your money to spending your money is difficult.
And that is why I like to remind people that retirement is a process and to give yourself some grace to figure it all out.
While I love a tight financial plan and specific numbers to offer families (for example, you can spend X dollars per month, given your portfolio), retirement is far from the linear nature of modern financial planning software.
It's hard to go from save save save to spending your own money you worked so hard to accumulate.
#3
Third, like everything in life, practice makes perfect.
You should 100% practice retirement while you are working.
Put your paycheck into your investment account, pay yourself a fixed income for six months, and see how you do.
Whatever you want to do in retirement, practice it while you are working.
Why is this so important? Once you hand in your notice, sell your business, or transition out of your job, it's almost impossible to get back in.
So make sure you are ready to quit before you quit.
Practice retirement because this next part is tricky.
#4
Overspending early in retirement can quickly derail a retirement plan.
I often spend time with clients who are nearing or in retirement. One thing I am particularly interested in is their spending ratios.
If spending is too high early on, it's a danger sign to me.
Here's why.
Let's say you spend $10,000 / year too early in retirement.
You are 67, and your money should last for another 25 years (the early to mid-90s is usually the age you want to plan for.)
If you keep spending and make no adjustments, you'll spend an extra $250,000 in retirement.
If that math doesn't work out, you'll run out of money early.
Running out of money, no matter what you start retirement at, is the nemesis in retirement planning.
That's why I mentioned practicing retirement is so important. You need to have a great budgeter to have a comfortable retirement.
#5
Work longer.
Over the years, I've noticed that working in retirement is becoming increasingly common.
While we celebrate breakthroughs in medicine, those breakthroughs make us live longer.
And living longer is expensive. Hence, more people have adopted "retirement careers."
If you are short on your funding goals or want to improve the math in your plan, work a year, two, or three more.
I won't go too deep into the math of this, but working a year, two, or three longer than you want usually dramatically improves the overall health of your retirement plan.
If you are nervous, the market crashes, or need to shore up your accounts, working longer is always the best option to enhance your retirement plan quickly.
This works if you have $100k, $1m, or $5m+.
#6
You change, the world changes, your family changes, your car decides to break….
You get it.
But what does that mean?
It never goes to plan.
Let me give you an example.
I can't tell you how many people have told me, "I want to die in my home. I hate nursing homes and don't want to be there, ever."
I respond that almost 100% of the families I have worked for sell their family home, move to an independent living facility at some point, and invest the home proceeds in the municipal bond market to help pay rent.
They plan one thing earlier and later, and they get really tired of finding someone to mow the lawn, clear the driveway, etc.
The plan changes.
Health scares, market turmoil, family drama, and aging all show up in strange and unexpected ways.
Taking them in stride, in the context of your well-thought-out retirement plan, is critical because retirement never goes to plan.
#7
Retirement is the long game.
You've heard it here many times.
The long game is the game to plan.
Another example.
Many online articles will point to investment strategies for nearing or recent retirees.
While I read these articles and have had many investing conversations with families around retirement, these articles offering blanket investment advice to anyone with an internet connection can be quickly taken out of context.
They're almost always written by journalists, not financial advisors in the trenches, with actual families doing the retirement planning.
Here's the deal: Modern retirements last 20-30 years, and historically, there are bear markets (bad market drops), on average, every four years.
The equity markets, though, go up
On this week’s episode we reflect on Nvidia and the current consumer Savings problem.
We talk about what wealth looks like, Warren Buffet's insane consistency, and the manufacturing sector's leading indicators.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here
Want to know How to make a financial comeback?
https://www.newsletter.tiredandrich.com/p/how-to-make-a-financial-comeback
On this week's episode we talk about the end of earnings season, the real estate market, and Jerome Powell in Jackson Hole.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here
On this week’s episode we talk about the biggest things that happened in the last week.
We talk about T-Bills and whether or not you should buy them, Bill Ackman’s position on Twitter, the housing market, and what it means to be a legendary investor.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents, at
https://www.tiredandrich.com?utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here
Stocks
Is It Time to Time to ‘Buy a T-Bill and Chill’?
https://apple.news/A0EqZt0zcR2iQJcvTzEuQ4g
The Mindset for Investing
https://www.linkedin.com/posts/tomstadum_heres-the-break-down-ok-investors-know-activity-7116512516305801217-aC5x/?utm_source=share&utm_medium=member_desktop
Sequoia “GPU Capacity is Being Overbuilt”
https://www.sequoiacap.com/article/follow-the-gpus-perspective/?utm_source=substack&utm_medium=email
Earning Season
https://insight.factset.com/sp-500-financials-sector-earnings-previewq3-2023
Bill Ackman buying X - why is this interesting?
Economy
America’s Factory Boom Brings Billion-Dollar Projects to Tiny Towns
https://www.bloomberg.com/news/features/2023-10-05/ev-factory-investment-brings-changes-to-american-small-towns?utm_campaign=news&utm_medium=bd&utm_source=applenews
Housing
Home Prices Are More Tied to Employment Than Rates
https://www.linkedin.com/feed/update/urn:li:activity:7115709759969783810/
On this week’s episode we get back into the swing of things and we talk about some really important personal finance lessons. Since it’s been a month since our last episode we wanted to give a recap of what happened over that month, why it matters that you should pay attention to it, and how knowledge compounds.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to Tired and Rich, the newsletter for tired parents.
Become a client of Fjell Capital
Stocks A tough September (https://www.barrons.com/articles/when-to-buy-stocks-september-44d37a64?mod=hp_LEAD_1_B_2)
Level Three Autonomy has Arrived in the Benz (https://www.theverge.com/2023/9/27/23892154/mercedes-benz-drive-pilot-autonomous-level-3-test)
Economy
The Unstoppable Dollar (https://apple.news/AEgbNuEl_T_i-nrTPdQ8KFw)
Student Loan Payments Start Again (https://www.cnbc.com/2023/10/01/how-the-restart-of-student-loan-payments-could-shake-the-economy.html)
Personal Finance
Knowledge Compounds - Tired and Rich
Dandelion Decision Making
On this week’s episode we had four big things happen this week - a plane falling out of the sky in Russia, a presidential election debate, the world’s most powerful people hanging out in Wyoming, and one of the best company runs in history. And were going to tell you why this matters and how these event impact you and your money.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to the Weekend Reads
Become a client of Fjell Capital
Show notes:
Nvidia’s data center revenue doubled in the quarter - among other massive achievements
What Cisco can teach us about Nvidia
How diet pills are hurting the Danish economy
The next big IPO will test the market and AI
Your phone may be getting a new charging port
Millions of dollars are going to space to make drugs and semiconductors
0-DTE options have accounted for 43% of S&P 500 options in 2023 🤯
Did Hawaii Electric cause the Maui wildfires?
Prigozhin dies in a plane crash - Putin called his fate “complicated” and said “made serious mistakes in his life.”
Jerome Powell is on his annual mountain retreat
What home can you actually afford, by mortgage payment
Rising insurance costs start to hit home sales
Some crazy stories about big decisions
(Sorry we forgot to publish this last Wednesday, another episode dropping on Wednesday)
On this week’s episode we talk about asset demographics in the US and why they exist, the cost of timing the market and why it doesn’t always work, how mortgage rates and rates in general are staying higher for longer, SpaceX’s quarterly earnings, and the $900,000 AI job. Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics. Subscribe to the Weekend Reads (https://www.fjellcapital.com/weekend-reads) Become a client of Fjell Capital (https://www.fjellcapital.com/start-here) Stocks The next streaming wars will be Netflix and Microsoft over cloud gaming (https://www.theverge.com/2023/8/14/23829262/netflix-cloud-gaming-testing-tv-web) AI powered article summaries (https://www.theverge.com/2023/8/15/23833045/google-artificial-intelligence-summary-chrome-sge) SpaceX said it made it’s first profitable quarter on $1.5 billion in revenue (more than Marriot, WYNN, and TRowe Price) (https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b?st=7i3up5shn4vvlz9&reflink=desktopwebshare_permalink) Walmart says says consumer picture is looking up compared with start of the year (https://www.wsj.com/business/retail/walmart-wmt-q2-earnings-report-2024-1aa8e9f?st=77861o4v7f2l6m4&reflink=desktopwebshare_permalink) Target said backlash to its Pride month collection contributed to weaker sales (https://www.cnbc.com/2023/08/16/target-tgt-earnings-q2-2023.html) Energy stocks finally aren’t falling in 2023 (https://allstarcharts.com/corrections-are-a-choice/) The cost of timing the market (https://www.visualcapitalist.com/chart-timing-the-market/) Economy When will the Fed begin cutting interest rates? The answer to that question depends on who you ask. Odds provided by CME Group show traders are placing the highest chances of a cut in May of next year. Economists at Goldman Sachs agree, expecting the first rate cut will be delivered in Q2 2024. Across the Street, JPMorgan doesn’t see Powell & Co. cutting rates until the second half of 2024. Next door, Morgan Stanley is more optimistic, predicting the first reduction in rates to arrive in Q1. Something most investors can agree on: the Fed will pause at its upcoming meeting on September 20. Are mortgage rates hurting the housing market? (https://www.wsj.com/economy/housing/mortgage-rates-2023-us-higher-seven-percent-c92d684a?st=i3hjnka1tcb322w&reflink=desktopwebshare_permalink) The $900,000 AI job is here (https://www.wsj.com/articles/the-900-000-ai-job-is-here-230fc3cb) This inflation chart from Ryan Detrick (https://twitter.com/RyanDetrick/status/1688218131402276865) Electronics construction spending is breaking out (https://twitter.com/BullandBaird/status/1689287624479985664) Housing Why the share of wealth among younger people is skewed towards real estate (https://www.visualcapitalist.com/us-wealth-by-generation/) Other Most Americans under 30 prefer subtitles (https://today.yougov.com/topics/entertainment/articles-reports/2023/08/11/american-adults-under-30-watching-tv-subtitles)
On this week’s episode we discuss the $1 trillion credit card debt number and why that doesn’t matter, Andy Jassy’s 3 layers to generative AI and LLMs, forecasted AI investment over the next 3 decades, what could cause interest rates to continue higher, July CPI and shelter inflation, the continuously crazy jobs market, and how American’s home equity may keep the economy afloat.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to the Weekend Reads
Become a client of Fjell Capital
Stocks Disney report earnings The stock market is at it’s 10th best start EVER Layers to LLMs AI investment forecast to approach $200 billion globally LK-99, what is that? Economy Why rates may go higher Credit card debt sets new record at $1 trillion, and it doesn’t mean anything It’s inflation, but it’s different Where Is Shelter Inflation Headed? Jobs are still hot, but less hot Housing Americans are sitting on a ton of home equity
On today’s show we discuss the future of technology stocks in the 2023 market, EUV and ASML’s “monopoly on magic”, the risk reward of the stock market and why it may be deceiving, China’s deflations worries and what that may mean for the world economy, the downgrade on US debt and it’s implication on the market, the potential Birkenstock IPO, and the mall that sold for 93% LESS than it was worth in 2012 and the current Fargo housing market. Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics. Subscribe to the Weekend Reads Become a client of Fjell Capital Stocks Everything is up (https://www.capitalspectator.com/all-the-major-asset-classes-now-posting-gains-year-to-date/) Apple Card savings accounts surpass $10 billion in deposits] (https://techcrunch.com/2023/08/02/apple-cards-savings-account-reaches-over-10-billion-in-deposits/) Amazon shows strength (https://www.cnbc.com/2023/08/03/amazon-amzn-q2-earnings-report-2023.html) Interesting music stats (https://www.goldmansachs.com/intelligence/pages/infographics/music-in-the-air-2022/index.html?chl=em&plt=briefings&cid=804&plc=body) Tech or energy or industrials? (https://allstarcharts.com/regime-change/) The magic (https://thegeneralist.substack.com/p/asml) of Dis… I mean EUV (https://www.goldmansachs.com/intelligence/page/euv-made-semiconductor-chips-will-enable-next-wave-of-ai.html?chl=em&plt=briefings&cid=728&plc=body)? Equity risk premium doesn’t feel like a premium (https://www.wsj.com/articles/the-benefit-of-owning-stocks-over-bonds-keeps-shrinking-20528203?st=3f6714nwzhbesdx&reflink=desktopwebshare_permalink) Economy Inflation at home, deflation in China (https://www.wsj.com/articles/while-everyone-else-fights-inflation-chinas-deflation-fears-deepen-4045cabf?st=gc67142y963xyxt&reflink=desktopwebshare_permalink) Fitch downgraded US debt (https://www.axios.com/2023/08/01/fitch-ratings-us-credit-rating-downgrade) Microsoft has a higher credit rating that the US (https://www.linkedin.com/feed/update/urn:li:activity:7092611286336729088/) The US has fallen behind (https://twitter.com/DisruptorStocks/status/1686739033848700928) several other countries with their credit rating The big state’s labor markets are rolling over (https://www.visualcapitalist.com/unemployed-workers-vs-job-openings-by-us-state/) Housing Beyond Realty Fargo housing market update (https://www.linkedin.com/feed/update/urn:li:activity:7092552292087824385/) Is the local mall dead? (https://www.wsj.com/articles/local-malls-stuck-in-death-spiral-plunge-in-value-a7998b7d?st=065bno0mo3iqafg&reflink=desktopwebshare_permalink) -------------------------------------------------------------------------------- Chapters 00:00 Introduction 03:06 All major asset classes are higher 05:49 Will tech stocks turnover and underperform 09:17 The equity risk premium is gone 15:38 Amazon reports stellar earnings 20:40 The Apple card crests $10B in deposits and Apple reports earnings 25:40 What is going on in the music industry 35:45 EUV and the monopoly on magic 43:25 Fitch downgrades US debt 48:21 Fargo real estate market 49:52 This mall saw a 99% drawdown in price 53:12 Jobs across the country 55:40 Close
On this week’s episode Tom and Jacob talk about financial literacy, Google and Microsoft’s spend on AI, investor bearishness, the GDP shocker, the rate hike, and Sequoia’s dumping of their crypto fund.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe the Weekend Reads
Become a client
Suggestion
No one knows what to do, though they know who can help them
What Went On
Investors frequently make less than their investments
Investors are still bearish - even after a double digit year so far
Google and Microsoft are paying big to play AI
Growth isn’t even slowing
Powell: “we need to get this done”
Say goodbye to the crypto fund
--------------------------------------------------------------------------------
Chapters
00:00 - Introduction
01:43 - Welcoming Tom back to the Pod
02:16 - Financial Literacy in America
16:59 - People Tend to Underperform their Investments
22:05 - Investors are Bearish Despite a 20% Rally in the Stock Market
26:57 - Google and Microsoft are Paying Big to Play in AI
32:45 - GDP Accelerates 2.4%
35:43 - Jerome Powell "We need to get this done."
41:14 - Protection on the Stock Market is "the cheapest you've ever seen"
--------------------------------------------------------------------------------
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Tom Stadum, Dan Schuster, Jacob Radke, and Noah Gjesdahl work for Fjell Capital in Fargo North Dakota and all opinions expressed by Tom, Dan, Jacob, Noah, or any podcast guests are solely their own opinion and do not reflect the opinions of Fjell Capital. Tom, Dan, Jacob, and Noah are registered representatives of Sanctuary Securities and investment advisor representatives of Sanctuary Advisors. Fjell Capital is a DBA of Sanctuary Securities and Sanctuary Advisors.
--------------------------------------------------------------------------------
money, investing, investments, markets, stocks, bonds, the fed, stock market, rithotlz wealth management, the compound and friends, animal spirits, the all in podcast, josh brown, laminate money podcast, personal finance, dave ramsey, why should you invest, why do people invest, how to invest, financial education, american debt, budget money debt cash, personal finance, how to invest in real estate, how to start in real estate, compound interest, buying house, save, insurance, buy, snowball, pay off debt, debt free journey, financial independence, how to pay off debt, how to pay off student loans, debt snowball, tom stadum, jacob radke, noah gjesdahl, fjell capital, fjell fargo, fargo north dakota, fjell, layer by layer, financial life
On this week's episode Jacob and Dan sit down and talk about the difference between good or bad and better or worse, AI and all of the sudden new developments over the last week, the speculative stock boom, the VIX at multiyear lows, holding cash while the market is running, and Netflix’s and Meta’s ad strategy.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe the Weekend Reads
Become a client of Fjell Capital
Suggestion
The Investment Fallacy of Good or Bad (https://www.fjellcapital.com/posts/the-investment-fallacy-of-good-or-bad)
What Went On
Let’s talk about AI
Microsoft (https://www.cnbc.com/2023/07/18/microsoft-stock-hits-all-time-high-on-new-copilot-ai-subscription.html)
Apple (https://www.msn.com/en-us/news/technology/apple-added-71-billion-to-its-market-value-after-news-that-it-s-been-secretly-building-an-apple-gpt-to-rival-openai/ar-AA1e7icN)
Meta (https://www.reuters.com/technology/meta-opens-ai-model-commercial-use-throwing-nascent-market-into-flux-2023-07-18/)
Speculative stocks are soaring (https://www.wsj.com/articles/tech-stocks-meme-stocks-crypto-investors-are-feeling-bold-again-f158812b?st=j78bddzehyo9jd4&reflink=desktopwebshare_permalink)
The VIX is way down, lowest since before COVID (https://www.axios.com/2023/07/19/the-stock-markets-volatility-index-points-toward-a-bull-market)
Did you miss it? (https://thisisthetop.substack.com/p/you-missed-it)
Key line: What you don’t want is your excitement around cash yields to prevent you from putting your money to work.
Netflix added 5.9 million subscribers in the quarter (https://www.cnbc.com/2023/07/19/netflix-earnings-show-strength-amid-media-chaos.html)
Ads on Threads (https://www.bigtechnology.com/p/advertisers-to-zuck-take-our-money)
On this week’s episode Tom, Jacob, and Dan talk about their thoughts on the year so far, Goldman Sachs price target raise, slower inflation (and the markets fantastic week), JPMorgan’s surge in earnings, the state of VC funding, empty commercial space, and why you should do hard things.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe the Weekend Reads https://www.fjellcapital.com/weekend-reads?utm_campaign=ep41&utm_medium=social&utm_source=fjellcorporate
Become a client of Fjell Capital https://www.fjellcapital.com/start-here?utm_campaign=ep41&utm_medium=social&utm_source=fjellcorporate
Suggestion
Thoughts on the year so far
What Went On
Goldman raises target on the S&P 500 to a 25% of $4,800 by the end of the year
Stocks rip on slower inflation
JPMorgan’s profit jumped 67% on First Republic
Banking regs are getting stricter
VC funding is in shambles
What does all of this empty commercial space look like
