Comprehensive Money Management

Today is the 1st day of 5-day Strategic Investment Conference held by Mauldin Economics. I'm always looking to "sharpen the saw" and especially enjoy this annual event. Topics include economic policy, geopolitics, megatrends and investment strategy. This mornings presentation on COVID by Dr. Mike Roizen and Dr. Dan Culver from the Cleveland Clinic stressed that the odds of having a severe reaction from COVID vs a severe reaction from the new vaccines is 40,000 to 1. There is risk of everything in life, but where else can you get those kinds of odds? I also thought this slide from by Bruce Mehlman, an expert on policy and political trends, is worth sharing. It offers strong evidence that health decisions that should be a non-political, science-based decisions are actually heavily skewed by political affiliation.

An interesting idea. But whether the $6,750 comes from the government or from a parent or grandparent, the results are the same. The newborn would have more than a million dollars at retirement. This illustrates the power of compounding and highlights the importance of starting early.

Bill Ackman on saving capitalism: Every child in the U.S. could be given enough money at birth to become millionaires by retirement Bill Ackman on saving capitalism: Every child in the U.S. could be given enough money at birth to become millionaires by retirement

Ray Dalio explains why "cash is trash" and why investors need to get fully invested in equities and real assets (including gold) to protect their wealth. Central banks are monetizing debt and distorting the markets in a desperate attempt to keep our economic system from collapsing. Holding dollars in this environment may be the riskiest choice of all. Our highly diversified 20 asset class portfolios emphasize equities and real assets over fixed income like bonds and cash. If Dalio is correct, we are extraordinarily well-positioned to protect investor wealth during the coming storm.

'Capital markets are not free': Billionaire investor Ray Dalio says the Fed is boosting asset prices, valuation metrics don't apply, and the US dollar is at risk | Markets Insider Billionaire hedge-fund manager Ray Dalio said the Federal Reserve is boosting markets, conventional valuation metrics don't apply anymore, and t...

Stress Reliever: Start your day with the Magic of Redwood National Park.

Experience the Magic of Redwood National Park | Short Film Showcase Travel to Northern California's stunning Redwood National Park and see some of the tallest trees in the world. Production company More Than Just Parks showca...

The legendary Ray Dalio in an interview 18 months ago.

Hedge Fund Legend Ray Dalio On The Economy Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for un...