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Weekly Market Review

Weekly Market Review

Good afternoon,

 

We open this week with a couple of Halloween jokes from Bill Maher. “Halloween is my favorite day, especially when it falls on a Sunday. You can scare the kids with stories about evil demons and ghosts, and then after church you take them trick or treating.  The one time you can dress up and pretend that you’re something you’re not, also known as Instagram.”

 

Bill Maher, who in no way whatsoever can be considered conservative, has, IMO, over the last 2 years been excellent at pointing out the idiocy of some of the stuff going on these days. Wokeness, hypocrisy, cancel culture, corruption, etc. Take a look at some of his comments from his show, they’re available on YouTube and see if you agree. Another person whom you maybe didn’t expect to become a voice against the craziness is Russell Brand. The actor/comedian publishes a commentary each week, sometimes several per week, and has developed a following of millions. Maher and Brand are not exactly the people you’d think who would be doing the jobs of real journalists and trying to get to the truth, but here we are. When people ask what podcasts I consume, and there are many, inevitably Joe Rogan is first on my list. Why him, I’m asked. Because he’s super curious, no matter whom he’s talking with, he calls it like he sees it, doesn’t care if you agree or disagree and he’s not afraid to say what’s on his mind. And neither are his guests. And he’s not beholden to anyone. By that I mean his sponsors. Unlike mainstream media, which is often, if not most often, beholden to corporate interests. This compilation has been trending lately on social media, it seems that Pfizer sponsors at least 15 different shows/segments across various networks, https://www.outkick.com/pfizer-apparently-now-sponsors-everything-on-mainstream-media/

And doesn’t Pfizer also produce one of the covid vaccines? So perhaps the corporate news people are reluctant to bite the hand that feeds them? Just a thought.  Joe Rogan, Bill Maher, Russell Brand and add to the list Dave Chappelle and Bill Burr, are still brave enough to say whatever they want. And that’s a big part of their appeal.

 

On to more pressing business, here is a quick cyber security follow up to the cyber security blurb I wrote last week, here are 10 things you can do to improve your cyber safety. https://lfgnews.us.newsweaver.com/icfiles/200/1000300/1031475/1581962/d1ac86a2b094946dd9f3654b/13104912.pdf

And for the record, the WMR does not share your info with anyone, ever.

 

Speaking of podcasts and continuing the tech theme, here is Tim Ferriss with guests Naval Ravikant and Chris Dixon discussing crypto, Web 3.0 and NFTs. https://tim.blog/2021/10/28/chris-dixon-naval-ravikant/

It’s 2 ½ hours long, but it’s also 3 smart guys talking about interesting stuff. If you’re a nerd like me.

 

I’ve mentioned before the two distinct phases of financial planning. The first is the accumulation phase, where we save and invest to build the biggest pile of assets that we can before retirement. There are 3 things that can blow up the accumulation phase, not saving enough, not investing properly and dying too soon.  We must plan for those contingencies. The second phase, the distribution phase is where we turn on an income stream from the pile of assets so that we can live off of it. The 3 things that can blow up the distribution phase are inflation, living too long and getting sick. We must plan for those as well.  This is an abnormally long segue to announce a Lincoln webinar regarding longevity and long term care planning.

 

Save the date, November 16th at 5:00pm EST.  The official verbiage of the invite is below, which, per compliance, I had to include verbatim. So if it doesn’t sound like I wrote it, it’s because I didn’t.

Hi WMR enthusiast,

I hope you and your loved ones are well.
 
Caregiving needs and options have become an increasingly important topic of conversation over the past year. Dr. Ken Dychtwald — Founder and CEO of Age Wave — shares how aging and longevity trends are impacting the need for long-term care planning and what Americans should be talking about with their loved ones.

I want to share the registration link to “The New Long-Term Care Equation” so you have the opportunity to hear Ken’s insights on November 16th.

  https://event.on24.com/wcc/r/3391148/16707DA5BDE9355B492CE40C3ECF5CA3

If you’re interested in learning more, let’s connect to talk about long-term care solutions and how they can fit into your overall financial plan.

Thank you,

Michael Acho

This presentation is sponsored by Lincoln Financial Group.

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including broker-dealer/distributor Lincoln Financial Distributors, Inc., Radnor, PA, and insurance company affiliates The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Affiliates are separately responsible for their own financial and contractual obligations.

LCN-3774491-092021  MG-KDCON-EML002_Z01

 

So there you go. I’ve heard Mr. Dychtwald many times and he’s excellent so I will be tuning in on the 16th. Please register if you have any interest. And feel free to pass it along to friends/family/colleagues. I’ll remind you again next week.

 

Thanksgiving is coming up and it looks like there may be some shortages of important items.  Uh oh, https://www.thedenverchannel.com/money/consumer/dont-waste-your-money/now-some-thanksgiving-items-could-be-in-short-supply

Get those holiday provisions sooner rather than later.

 

And it doesn’t look like holiday travel is going to be a picnic this year either. Get those reservations booked and be ready for unexpected changes or delays. https://www.wsj.com/articles/american-southwest-cancellations-holiday-travel-11635798338

 

Speaking of food, have you ever wondered what $10,000 worth of white truffle looks like?  Me too. Well wonder no more. Here you go.