Surviving Holiday Dinner Conversations

Description

This Week's Agenda:

What’s happening 10 min
- 50 year mortgage idea announced to unpopular fanfare
- Bitcoin down 35% from highs, down 5% on the year. Crypto markets erase over $1.1T in market cap.
- Government shutdown hits 43 days, ended when House of Reps passed a continuing resolution that would make it through the Senate.
- No BLS jobs data ever for period.
- Michael Burry announcing major AI short on Palantir and NVDIA then closes hedge fund shortly thereafter
Topic de jour - top financial questions to bring up at Thanksgiving
- What investment should I buy?
- I need to reduce my taxes, how are all people doing this?
- The stock market is rigged, why should I bother?
- I hate the mortgage debt/payment and just want to pay it off, why shouldn’t I do that?
- My advisor has been recommending annuities, is that a good idea?
- My friend/acquaintance has made so much money trading, where should I start?
- TikTocker/YouTuber says we’ve peaked. Time to get out, the crash is coming.
- The housing market is going to crash, terrible time to buy.
- The US debt ($38T) is too great and the American dollar is going to collapse. I’m buying gold. Prove me wrong.
- What about this AI bubble? What’s that about?
Listener Q&A -
- I’ve maxed out my 401(k) by summer and was told I might be missing out on company match. Will I continue to get a company match?