Mission Pt. Planning

Would you tell me, please, which way I ought to go from here? That depends a good deal on where you want to get to. I don't much care where. Then it doesn't much matter which way you go. So long as I get somewhere. Oh, you're sure to do that, if only you walk long enough.”

"Tell someone that everything will be great and they’re likely to either shrug you off or offer a skeptical eye. Tell someone they’re in danger and you have their undivided attention" Morgan Housel

Becoming a TSP Millionaire isn’t as hard as you think. It is much, much harder. missionpointplan.com/tsp-millionair…

I'm going to leave that right there. I hope this ends well. but history tells us otherwise. #Nvidia

#Nvidia just passed 2 Trillion in market cap and it's PE just hit 67. Is business value out of line with stock price? Are we entering into the irrational realm with this company?

55 analysts covering #Nvidia and not one is bearish. Quite the opposite. Consensus is you should be buying more.

of you had invested 100K in #Nvidia 5 years ago, you'd have just over $2,000,000. That's an 82% annualized rate of return.. Yet...

Just heard a social media influencer refer to his 'blue chip' crypto recommendations. Crazy

My kids often put a blanket over their head and pretend that since they can't see me, I can't see them. Perhaps we should take the same tact with our portfolios. Staying the course works, but is harder than it looks... because we look. (but only when it drops)

One of my favorite things to do on vacation is the 'what if we just moved here' game. moving is never really in the cards, but the rise in prices doesn't even make the game fun. Dr Evil was going to hold the world hostage for #onemilliondollars and now all you get is two rooms.

@MichaelKitces @awealthofcs I'll be greedy. Let's add a third line for fund flows? would love to see investor behavior along this journey.

Powerful chart from @awealthofcs about how it all averages out in the long run. The orange bars are 1-year returns in the market. The blue line shows the rolling 30-year returns. Amazing how stable it is in the end...? "One Year Returns Don't Matter" awealthofcommonsense.com/2023/07/one-ye…

@RickWhiteAPG @MichaelKitces @awealthofcs why would you have your short term money in the market?

@MichaelKitces @awealthofcs Assuming you have 30 years. Otherwise, those 1 years are important.

You play poker. You don’t play the market. missionpointplan.com/you-play-poker…

@NateGeraci Monday night call time at Northwestern Mutual. Just bagged some crazy premium

American Funds wholesalers arriving back to the office after another Ed Jones meeting…

@morganhousel Maybe not exactly the same thing, but IBM sold PC business to Lenovo and now the Lenovo brand sells more PC's than anyone.

What's a good example of a consumer product (not an obscure company) that changed its name and customers went along with it?

"The stock market is a giant distraction from the business of investing." Jack Bogle The chart below shows why you don't look at daily, weekly or monthly market prices. After last years major losses, 100K invested is almost back to even. Sell and wait never works.

Funny, I don't see the buzz about I Bonds any longer tinyurl.com/yjfxrue8

You play poker. You don’t play the market. missionpointplan.com/you-play-poker…

Knowing when to hold them and when to fold them. missionpointplan.com/knowing-when-t…

If you’re a small business owner that’s only getting tax prep and no planning, you’re leaving a lot of opportunities on the table. And no… planning is not “making a retirement contribution to lower your tax bill.”