Few things recently happened that made me (re)think about the concept of passive income. The Italian stock broker I use since forever decided I cannot trade anymore multiple US listed ETFs, some of which I already own, because…of a regulation dated 2014? Apparently if under MiFid you are classified as Read more…
Before joining my current company I worked a couple of years for a cruise liner. When I started, my boss explained to me how great of a business it was. Demand for cruises was steadily increasing every year and was forecasted to increase even more by the newly minted Chinese Read more…
Is he? And if he really is, should we care? Let’s start from the beginning: if you do not know Scott, google him, so you will be up to speed. Full disclosure: I like him and I read all his books; I think that this could make me biased but Read more…
After my daughter was born my life changed in my ways, one of which is that I started to hang out (when COVID-19 allows) almost exclusively with other first time parents. It happened seamlessly, like when you are a teen and stop playing games and start to be interested in Read more…
I am not in love with my job but I like it. I do not wake up every Monday morning with a smile on my face but I think that 70% of what I do is at least interesting. My wife works in fashion and has to reinvent herself every Read more…
This is week I saw the price of oil going negative…and it was not the most incredible thing I watched. There is this new doc on Netflix called The Last Dance (from now on TLD), which you probably saw if you are a basketball fan and should watch if you Read more…
Prof Scott Galloway says: The definition of “rich” is having passive income greater than your burn. My dad and his wife receive about $50,000 a year from dividends, pension, and Social Security, and spend $40,000 a year. They are rich. I have a number of friends who earn between $1 Read more…
I want to take a pause from virus-related topics, since it is becoming more evident every passing day that is going to stay with us not for weeks but months; there will be plenty of occasions in the future to discuss panics, bear markets and new lows. You are probably Read more…
Days go fast and nights are slow. It has been two weeks that I work from home and not everything is in a bear market: my work hours went up +50%. Part is due to our company network that is not design to sustain such a traffic, so sometimes even Read more…
[It took me several weeks to finish this post. Even if I follow financial markets since decades, it is difficult to remind myself that circumstances can turn on a dime. I envision people that were cheering for Tesla or Bitcoin just days ago are now in the ‘never invest my Read more…