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Welcome to this Week’s edition of the Sunday Best where we deliver the best of the internet right into your inbox. This week we’re wondering why the Fed have kept their heads down, if you can actually buy the dip, if Wall Street can pull all nighters and the complexities of spending.
We’re also exploring the differences between being frugal and too cheap, worrisome insurance costs, international stocks, portfolio diversification and much, much more.
The Sunday Best 02/02/2025
“Buy the dip when there is blood in the streets and be greedy when others are fearful” and all of the sayings. But let’s look at the historical drawdown numbers to see how often you would have been able to implement such a strategy in the past.
Two years ago, everyone was convinced we were going into a recession. It was the most over-forecasted recession of all time that never happened. Now, no one thinks a recession is a possibility, and the worries have shifted to concerns about a speculative bubble forming. The old joke is that a bubble is just a bull market you didn’t participate in.
The New York Stock Exchange is looking to trade for 22 hours a day — raising thorny questions about how equity markets function. So, Is Wall Street ready to stay up all night?
Spending is never simply about buying what we want or need. Instead, behind every dollar that leaves — or doesn’t leave — our wallet is a complex mental dance that reflects how we feel that day, the influence of others, how we want to be perceived, and our own financial history.
Doctors are known (perhaps even notorious) for being overspenders, indulging in luxury cars, extravagant vacations, and high-end gadgets. But there are always exceptions to the rule, and in this era of FIRE, many medical professionals are flipping the script to adopt frugality to attain financial freedom.
Rising insurance costs have led some folks to worry that the world is becoming “uninsurable.” It’s easy to understand why insurance in some places, like wildfire-prone areas, is getting expensive or unavailable. But the broader trend of rising insurance costs can be observed in essentially every state, and it’s harder to explain.
Apple Vision Pro is finding a home in healthcare: 300 people are gathering in San Diego to explore the uses of Apple’s spatial computing headset for surgery and other medical applications.
It’s no secret that the U.S. healthcare system hasn’t been at its best for decades now, both with how expensive and inaccessible it can be for patients. But the other side is how bad it has been for the people working in said system.
The Fed’s meeting yesterday lived up to expectations: boring. Boring is fine. They kept the federal funds rate unchanged at a range of 4.25% to 4.50%. Stay-at-home-macro reflects on three comments from Fed Chair Powell at the press conference that relate to the Fed’s current approach to policy, Fed independence, and economic uncertainty.
Diversification is good for your mental health: it helps you avoid the emotional whiplash of extreme highs followed by crushing lows. It ensures you have something to lean on when one part of your portfolio falters.
Following another year of U.S. stocks outperforming international stocks, many U.S. investors are asking themselves: Do I need to own international stocks?
Coast is one of the FIRE movement’s more ‘relaxed’ variations. Through it, you also achieve early financial independence — but it’s done at a slower rate than with the traditional FIRE method.
