I know daddy has been remiss in writing these notes regularly. Daddy took a new gig at a startup and things are hectic. Daddy’s loving it though, its a fun ride!
Daddy wants to talk today about a movie by Woody Allen called “Midnight in Paris”. The central character in this movie (played by Owen Wilson) is obsessed with 1920’s Paris. He’s a writer and thinks the best work came out of that era. As it happens in movies, very unscientifically, he is transported to 1920 and gets to meet all his heroes. He loves it. As luck would have it (it is the movies after all) he meets his muse in the 1920’s. She likes art and literature just like him but surprisingly is obsessed about the 1890’s. She believes that the best work came out of that time period. So, double transport, they both go to the 1890’s to meet their idols and guess what, the folks in the 1890’s believe the best work came out of the renaissance!
Monetary musings goes listicle, buzzfeed style. My good friend Sidd Singh has a post on his blog on why he is long AAPL, which got me thinking, what does the 10Q say? I’m bearish by nature so there is a downward bias :), bear with me! Here are the 6 things that are interesting questions for investors from their latest 10K. By no means is this list comprehensive, just some observations based on a quick read.
Down the rabbit hole we go.
All markets are at *all* time highs. What is an average investor to do? Is it too late to get in? Is it time to take profits if you are fully invested? In the last 15 years there have been two spectacular crashes, the hard memories still linger, which makes these decisions even more gut wrenching.
What to do? How to break the break the cycle of inaction?
I’m minding my own business and come across this video on Yahoo finance titled “FB to miss whisper number”. I’m long FB so I naturally want to hear this. I watch the video, all 3 minutes of it. I start laughing hysterically! I’ll explain in a bit. First watch the video here (Sorry can’t embed, Yahoo only allows direct links).
h/t FTAlphaville. The entire blog post is worth a read. This chart scared me. Infinite ascending straight line!
Picture speaks a thousand words
USD per Bitcoin
UPDATE 12:00 Noon PST.
AND DROP LIKE DUBSTEP
Via Business Insider
One of the biggest expenses to hit households is college education for their kids. 529 plans are the most common vehicle available for parents to save for their kids education. Via the SEC
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.