His personal investments include:
- 50% in cash
- 40% in U.S. index funds
- 5% in international index funds
- 5% in gold and crypto
50% cash seems low at 67?
Yeah well when you already have 9 figures or whatever, and you’re not pathological, cash will do.
He could lose all of his stonk money and still be wildly rich. It’s not the same equation as us plebes.
Nice casual $100 billion gain for Apple today.
well at least he’s smart enough not to actually own what he thinks is good
I’m like 60-65% invested right now, it’s just in stocks I believe are good value.
Given his track record as a tv stock bro analyst, he should just short everything he thinks is good.
NOT STONKS, not even a little bit.
Pure drivel. Tesla has been in index funds since it went public. Also Jack Bogle never said this.
https://twitter.com/cathiedwood/status/1521971943397900291?s=21&t=My1BeKgoIx7t5dIP9pPvsQ
And this
https://twitter.com/chrisbloomstran/status/1522217402099924995?s=21&t=My1BeKgoIx7t5dIP9pPvsQ
3 Likes
I know I’m hearing Very Serious Investment Advice when I’m being told that I’m missing out on 400x returns. These people are glorified carnie barkers.
Given up all of yesterday’s fed bump. Thanks Jay!
https://twitter.com/DiabeticCyborgg/status/1522261377360052224
If this law passes, then, for the first time, the Wall Street firms that handle New York’s $269B public pension would have to disclose the cozy — and nakedly corrupt — contracting terms they arrive at with the funds’ overseers. For example, it would require disclosure of when fund managers charge private jets to the pension fund:
But gold-plated expenses are just the obvious part of the corruption. The good stuff is pure MEGO: for example, the Carlyle Group’s contracts reserve the right to invest pensions’ money in ways that lose money for the pension, but make money for Carlyle Group execs and their pals:
Some of these contracts explicitly waive the “fiduciary duty” — the obligation on fund managers to put the pensioners’ interests ahead of their own.
The Center for Economic and Policy Research’s co-director Eileen Appelbaum succinctly described the disclosure demand to Cunningham-Cook: “How good are the contracts? What are the fees, expectations in terms of returns?” These are modest demands, and the outright refusal to meet them should raise alarm bells.
1 Like
Last few days feel like early COVID times.
10 Likes
Just got a quote for a new HVAC system that increased 35% from 11 months ago from the same company for the exact same thing line for line.
Not surprised that corporate profits are at record highs.