Cash is (still) trash
In episode 172 of the Payne Points of Wealth, Bob, Ryan & Chris dive deep into the financial landscape of 2024 to uncover why cash, even if it is parked in a 5% money market fund remains a poor choice for your wealth. Join us as we explore the hidden truths and expert insights that reveal the pitfalls of holding onto too much cash in today’s rapidly evolving economy. From inflation to investment opportunities, we’ll break down the factors that make cash a liability rather than an asset. Tune in to learn how to protect and grow your wealth in a world where cash is still trash!
The Tipping Point
Is the 60/40 portfolio dead?
This week we discussed the 60/40 rule of thumb for allocating your portfolio, 60% stocks and 40% bonds. Does that approach still apply? The answer is it really depends on each individual investor’s situation. For example, 60% in stocks could be risky if you’re close to retirement.
Hidden Facts of Finance
Individual investors have become massive risk-takers. At the beginning of the bull market in 2009, individual investors’ equity allocation was only 39% and their beta was a very conservative 0.75. The allocation today is 63% equity, and the beta, a measure of risk is all the way up to 1.25.
Walmart is using large language models to create or improve more than 850 million pieces of data across its product catalog, a process that would have required 100 times the headcount to complete in the same amount of time, according to executives.
