DumbWealth

Author: Dumb Wealth

  • How does today’s market compare to 1970s?

    Also: Explaining today’s 1300 point move in the Dow

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    Should You Pay Off Your Mortgage or Invest?

    part math, part psychology and part risk-management

  • Wages are Up 5%. Is yours?
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    Wages are Up 5%. Is yours?

    Happy Thanksgiving to my Canadian friends! Did you get your 5%? Today the US and Canada both released September 2022 employments stats: US Canada Consider this, the average wage across the country rose 5% over the last 12 months. For some, wages rose much more. 5% is what people have already received. How much did your wage increase […]

  • Quiet Quitting
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    Quiet Quitting

    Have you heard of “quiet quitting”? It has nothing to do with quitting (but I guess it is quiet). Quiet quitting is about doing the job you’re paid to do – no more, no less. This is getting big airplay right now because it’s an unwritten rule employees are expected to deliver more than their […]

  • Another blow to the US housing market

    Quick take from me, as I’ve been thoroughly exhausted the past couple days… 1: Another blow to the US housing market, 30 year fixed mortgage rates are quickly approaching 7%. Affordability is getting wrecked and new buyers are likely to remain on the sidelines. Many renters will keep renting and young adults will remain living with […]

  • Investors: You Better Buckle Up

    Markets have a way of making a fool of most investors. On June 16th, 2022 the current bear market made an interim low and started rallying. On June 22, as the market began to rise, I warned readers to beware of the sucker’s rally. Sucker’s rallies trick people into thinking the worst is over, drawing investors […]

  • Fed driving full speed towards a cliff

    Jay Powell is pushing the economy to recession. He has made it clear that inflation is his number 1 priority and yesterday he stated that “inflation has not really come down”. Today, the market is still digesting the news and strategists are revising their forecasts. The fact that Powell publicly stated he believes the Fed hasn’t made […]

  • 5 Reasons I Could Never be a Landlord

    Many people have built wealth with real estate. Not me. I get it. The idea of buying a property, holding it for many years while it appreciates and spits out monthly cashflow is appealing. Over the long run, real estate has been a great investment. Particularly unique to real estate is the ability to get […]

  • Try Being a Bull

    “We’re seeing that volume decline in every segment around the world.” — FedEx CEO Raj Subramaniam I’m a glass half empty kind of person. I’ve seen so many blow-ups that I’m always on the lookout for the next one. I recognize my mindset, so I fight hard to find reasons for optimism. This mental tug […]

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    Real Pain

    Inflation-Adjusted Earnings Yield Lowest Since 1970s The image quality of the chart below is garbage, but I felt the information is so important that I must share it with you. The inflation-adjusted earnings yield on the S&P 500 is at its lowest point since the 1970s! The earnings yield (which happens to be the inverse […]