Everyone I Know is a Millionaire
It’s a wonderful thing living in a post-modernist society that has figured out a way to skip over economic cycles and just boom all the time. Good habits, such as dropping $10-15k per annum into your retirement plans, has created an ocean of wealth the world has never seen before. The money we invest simply grows and grows and grows — creating millionaires out of blue collared workers and 8 figure mavens out of those wearing white ones.And today:
All of my friends, from cops to electricians to engineers to doctors, are millionaires. They come over to my house and show me their account statements, worrying about how they might survive in retirement from a mere $2 million. Naturally, this isn’t fuck you money and they can’t buy a really nice yacht with that minimum type of fortune, but it’s certainly atypical from a historical point of view and I don’t think people understand how lucky they are to be born into this timeline.
If you’re starting out fresh and trying to make money in stocks — subordinate your trading account to your long term account and you’ll be fine. Worst thing you can possibly do is pretending you’re special with psychic abilities and attempt to trade your way into a yacht. While possible, it’s not probable. Keep a balanced portfolio of boring stocks and see it grow over the next 30 years and you too can be a millionaire complaining about a $2 million fortune to some future version of Le Fly....MORE
Goldman: Trade War to Boost U.S. Inflation Rate, Hurt Growth
And:
MARKETS DISLOCATED; CRYPTOS EXPLODE ON CHINESE CAPITAL FLIGHT RUMORS
Reading those posts brought tears to my eyes because there is a possibly horrible explanation, Terminal Lucidity:
From the Journal of Near-Death Experiences:
Terminal Lucidity in People with Mental Illness and Other Mental Disability: An Overview and Implications for Possible Explanatory Models
Michael Nahm, Ph.D. Freiburg, Germany
The (re-)emergence of normal or unusually enhanced mental abilities in dull, unconscious, or mentally ill patients shortly before death, including considerable elevation of mood and spiritual affectation, or the ability to speak in a previously unusual spiritualized and elated manner....
