Weekend Review

Weekend Review May 9, 2021

Favorite Articles/Podcasts/Videos

  • Ben Carlson – How to Lose Money When the Stock Market is at All-Time Highs – “If you own a handful of individual stocks that are getting killed at the moment, understand this is how it works.Investing in individual stocks is hard. Large drawdowns are more frequent. Bigger gains are possible but so are bigger losses. There are times when investing in index funds will make you feel like a fool. Then there are times when investing in individual stocks will make you feel like a fool.”
  • Josh Brown – Saturday Night Live is the modern day Shoeshine Boy “This week there’s a lot of excitement about Elon Musk coming on and promoting his love affair with crypto in general and Dogecoin in particular. Dogecoin is up 26,000% in six months as of this weekend. That’s not a typo. There’s almost $100 billion sloshing around in the Dogecoin “market” at the moment, which is an obscenity and an insult to the intelligence of pretty much anyone who’s ever learned anything about finance. And that’s part of the fun. The dumbest, craziest people you know are getting insanely, obnoxiously rich by emptying their minds of any sort of logic or reason (assuming any existed there in the first place) and simply pressing BUY. This phenomenon has been explained with the idea of supply and demand triumphing over everything else, gravity included. It’s worth what the people who are involved say it’s worth. And please don’t try to speak pedantically about Intrinsic Value to an audience who cannot even spell the word Intrinsic in the first place. Why would anyone waste time on a concept like that when the slot machines are paying out hourly?

This Week by RLS

RLS Weekend Review

Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial plan. Will be back next week.

Workout of the Week

ExerciseReps
Seated on the ground barbell
shoulder press
As many sets as you can in
8 minutes, go up weight
each set
Flat Bench PressAs many sets as you can in
8 minutes, go up weight
each set
Smith Machine Upright Rows As many sets as you can in
8 minutes, go up weight
each set
Incline Chest Press MachineAs many sets as you can in
8 minutes, go up weight
each set
Lateral RaisesAs many sets as you can in
8 minutes, go up weight
each set
Cable Flies into Tricep Pushdowns As many sets as you can in
8 minutes, go up weight
each set