Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.
I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.
π you can harvest investment GAINS too
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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.
I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.
Good morning Reader! It can be confusing to see the stock market at all time highs but not feel like you're doing well. That's because the "stock market" isn't the economy. It's just a collection of publicly traded companies, organized in a way that makes it easy for pundits to talk about. The S&P 500 is up close to 10% and it's mostly because of AI related stocks - tech companies, chips, etc. How much AI related spending have YOU been doing? So the market looks great but the economy might...
Good morning Reader! Last week, the Fed kept rates steady but they indicated that there was likely to be one rate increase this year. Trump wants rates to go down but the new Fed chair has said "not so fast..." Interest rate traders peg the chances of an increase at the next meeting at 36.3%. If you were hoping for a rate decrease, unfortunately it's not coming unless something significant changes. The 2-year Treasury bond yield is at the highest it's been since early 2025. The 10-year, used...
Good morning Reader! The headlines from last week were focused on SpaceX's IPO but there's a bigger story and it comes from the Chicago Fed's Advance Retail Trade Summary. Retail and food services sales fell 1.3% in May. (adjusted for inflation and seasonality) Americans are buying less stuff. And consumer spending is roughly 2/3rds of the economy. A recession is defined as two consecutive quarters of negative GDP "growth" - but you have to experience six months of a recession before you call...