Getting Wealthy vs. Staying Wealthy

Good investing is not necessarily about making good decisions. It’s about consistently not screwing up. There are a million ways to get wealthy, and plenty of books on how to do so. However, there’s only one way to stay wealthy: some combination of frugality and paranoia. And that’s a topic we don’t discuss enough.

 This week's highlight article from Collaborative Fund pulls excerpts from "The Psychology of Money", recounting stories of the most famous investors throughout history and how they viewed the stark differences between acquiring wealth and staying wealthy.

Yields Reverse

The yield on 10-year Treasury Bonds are on pace for their largest monthly decrease since 2020 (as yields decrease, prices increase) as the Fed hints at potentially slowing down the pace of interest rate hikes. It is important to remember, however, that the Fed is set to continue hiking rates. The true question is where the terminal rate ends.

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