S&P 500 in the 30 years ending 2023:

+10.1% annual return

Finished up 80% of all years

Down double digits 4 of the years

Up double digits 19x

4 out of every 10 years finished up 20% or more

Not bad considering everything that transpired

awealthofcommonsense.com/2024/04/30-yea…

Two other forms of wealth:

1. Convenience

2. Having control over your time

If you’re still worried about money all the time it’s hard to be truly wealthy

awealthofcommonsense.com/2024/04/conven…

'Money can’t buy happiness but it can make you more comfortable.' 😮‍💨 - Ben Carlson

awealthofcommonsense.com/2024/04/conven…

Paying Taxes Now vs. Deferring Taxes to the Future🎙️

📽️youtube.com/live/cS1hT_XcE…
🎧podcasts.thecompoundnews.com/show/ATC/will-…
Ben Carlson Ritholtz Wealth Duncan Hill

Ask The Compound 121 is out now on YT and podcast platforms! Enjoy🔥🎙️

⏯️youtube.com/watch?v=cS1hT_…
🎧podcasts.thecompoundnews.com/show/ATC/will-…

'When you combine higher economic growth with inflation and pricing power by corporations, guess what you get? Higher earnings!' 💥 - Ben Carlson

awealthofcommonsense.com/2024/04/will-h…

Will 5% Treasury yields spell doom for the stock market?

Maybe but history shows the stock market has handled higher rates in the past

awealthofcommonsense.com/2024/04/will-h…

Economic Growth Is a Policy Issue🎙️

⏯️youtube.com/watch?v=r8mj0k…
Ben Carlson Michael Batnick
#economy #recession #policy

1:15pm ET!🎙️

Ritholtz Wealth Tax Manager Bill Artzerounian joins Ben Carlson & Duncan Hill to discuss why higher interest rates haven’t affected stocks more, planning for a large tax liability, paying taxes now vs. in the future, and more!🔥

📽️youtube.com/live/cS1hT_XcE…

The US bond market has been in a state of drawdown since late 2020

Here are the updated drawdowns:

TLT (20-30 years) -44%
IEF (7-10 years) -21%
IEI (3-7 years) -11%
AGG -13%

This is bad for current returns but good for future returns

Animal Spirits: A Healthy Pullback

Market corrections are a good thing

Economic growth is a policy choice?

If you're worried about $ all the time you're not wealthy

~40% of homeowners don't have a mortgage

Why don't little kids like crust on bread?

awealthofcommonsense.com/2024/04/animal…

The News is Making You Miserable

awealthofcommonsense.com/2024/04/the-ne…

Complain and Get Over It

📽️youtube.com/watch?v=D36nnr…
🎧podcasts.thecompoundnews.com/show/animalspi…
🎙️Ben Carlson Michael Batnick

There is no such thing as an “average” year in the stock market

There can’t be

You wouldn’t earn a risk premium if stock market returns were predictable

The volatility is a necessary evil

awealthofcommonsense.com/2024/04/a-nece…

'There is no such thing as an “average” year in the stock market. There can’t be.' 🚫 - Ben Carlson

awealthofcommonsense.com/2024/04/a-nece…

No Landing vs Soft Landing

🎧podcasts.thecompoundnews.com/show/TCAF/the-…
📽️youtube.com/watch?v=cVkjZT…
🎙️Art Hogan Ben Carlson Downtown Josh Brown Michael Batnick

2.6% of households make $400k or more

Some of these households do not consider themselves rich

Some thoughts on why rich people don't feel rich:

awealthofcommonsense.com/2024/04/rich-p…

'Wealth is what you keep, not what you make, but it’s hard to envision a world in which being in the top 3% of income is not considered rich.' 💰 - Ben Carlson

awealthofcommonsense.com/2024/04/rich-p…

The Psychology of Inflation

'The loss of purchasing power stings far worse than the gains you experience over time in wages. Inflation is loss aversion on steroids.'

buff.ly/3W6VGTf

by Ben Carlson