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…
Like every Sunday morning, I went to run and listen to a podcast; this week it was Bill Simmons interview to Jason Segel. I am not a huge fan of Jason himself but I like a lot of movie/series he was in and it also happens we are almost the Read more…
Yesterday evening I was watching Uncut Gems on Netflix when a friend texted me: F: Are you looking at Tesla? Me: Did it break $700? (Narrator: it closed at $780) This is what it looks like: Previously, on Tesla: in August 2018 Musk twitted the now infamous ‘funding secured’, announcing Read more…
I lived in Switzerland for four years. I do not want to bother you on how the pension system is designed there, is quite similar to UK and very different from Italy, but the short story is that I have some funds stuck there until I will be 65 (if Read more…
This is the classic post that is more useful to the writer than the reader. Pondering and analysing investors mistakes but, more importantly, your mistakes is one of the most effective way of learning. Reading about someone else mistakes is…better than not knowing at all but I am not convinced Read more…
Some days ago I stumbled on this post, enticed by its title. Finding the maximum rate at which you can withdraw from your savings without going broke is the Holy Grail of retirement planning: once you cracked that, and you know your target monthly expenditure, you can set a precise Read more…