The Money Roundup is making an early appearance this week. (On Friday, we'll post the latest updates of SMI's online Portfolio Tracker and Fund Performance Rankings.)
30 years (Ben Carlson, A Wealth of Common Sense). Plenty of adverse events have occurred over the past three decades (and longer). Yet the stock market has weathered it all.
AI hype will encourage investors to do precisely the wrong thing (Joe Wiggins, Behavioural Investment). If AI is to lead to genuinely consequential change, we should become more diversified in our investments, not less.
Proof of wealth (Nick Maggiulli, Of Dollars and Data). "Building wealth slowly, methodically, and with great effort is what makes it last."
Bessent expects Supreme Court to uphold legality of Trump's tariffs but eyes Plan B (Reuters). Last week, a U.S. appeals court ruled that the administration's "reciprocal" tariffs are illegal, undercutting a White House economic policy tool.
Which governments hold the most Bitcoin in 2025? (Visual Capitalist). The U.S. is #1, but (not surprisingly) China is close behind.
Social Security and Medicare cuts are coming because the bond market will eventually bring Congress to its knees, economist says (Fortune via archive.today). Seems plausible.
Cars are so expensive that buyers need seven-year loans (Bloomberg via Financial Advisor). "Once rare, seven-year car loans are fast becoming the norm."
More older Americans are aging alone. Who will take care of them? (Wall Street Journal). "It's a huge issue and one we are not paying enough attention to."
How to ship your car (and why it may save you time and money) (New York Times via archive.today). Hiring a professional automobile hauler can get your car where it needs to go — and maybe for less than you think.
Spreadsheet morality (David Mitzenmacher, WORLD). "Effective Altruism" is a trendy but misguided approach that prioritizes hypothetical future scenarios over our current obligations to the person next door.
As always, your comments are welcome and appreciated (see below)!
