Awesome honesty. Thanks Mike!!

What are you guys taking …. It’s all just talk

I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has done so.

All sensible points. Have you gents perhaps done a video on asset allocation across one’s life (20s, 30s, 40s, etc.)? It is clear that broad diversification is necessary later in life - particularly around retirement. But if you’re in your 20s, is there any case at all to be going with bonds/commodities/cash? Assuming one diligently DCAs through drawdowns (and lost decades?), can one expect to get excess returns?

Thoughts on small caps isn’t a fake rally or time to get back in

Having different "sleeves" to my portfolio helps me (as I see it anyways) from a behavioral perspective - I have a Nomadic Samuel/Return Stacked-like sleeve, a more dynamic asset allocation sleeve, a "stock picking" sleeve (I use the Validea Hot List for part of this), and a tactical futures sleeve that I use a few trend following approaches to manage/trade. This kind of scratches all the itches for me and at least of one sleeve stinks, hopefully they all don't at least at the same time. Maybe it turns out to be counterproductive but I like to think it just adds a layer of diversification and helps me behaviorally from wildly flipping from 100% one approach to 100% another approach (BTW, if you couldn't tell, love the podcast and appreciate you guys).

I don't know if you can adjust your camera, but it is reading the white behind you and making you look like a dim shadow. You could also change this by placing that dark area to your right behindyou. and don't point camera towards big white ceiling. another option is moving your face closer to reduce the amount of white in the scene.

Nomadic Samuel (PicturePerfectPortfolios) has a ton of great ideas how to use return stacking (he refers to it an expanded canvas) to build all kinds of different portfolios with different characteristics - oh whoops, posted that before I listened to the whole episode...

Read/listen to David Dredge for his interesting perspective on risk parity approaches ("Sharpe world" as he calls it) and his 40/40/40 approach and race car analogy to compare them (drive fast with good brakes rather than driving at moderate speeds all the time - Sortino>Sharpe)

The Mutiny Funds guys (Jason Buck et al) have some good info on variations of "permanent portfolios" (including their version, the cockroach portfolio), volatility drag, sequencing risk, etc on website, podcasts, etc

Tax advice? My tax advice is simple, pay your taxes and be happy about. Our tax system keeps our currency strong and us the envy of the world. Don’t be an authoritarian goon who hates taxes. The tax is the end of the sequence. The government spends first and that is how we get the funds to pay the tax. It’s not tax dollars - that’s racist, fascist talk. It’s Public Money. Pay your taxes. If you’re upset about paying taxes, then you’re probably not taking enough money. Take more money - there’s plenty out there for the taking. Don’t be a dope. Pay your taxes and be happy you’re an American.

day 3 of asking to ban Michael

As long as the Fed keeps its Fed Funds Rate above 0%, there will be inflation, since the Fed Funds Rate is the Rate of Inflation 🤷‍♂️ CPI is a cost of living guesstimate, not inflation

I keep it simple. I buy low when it happens and sell high when it happens, then repeat… that’s it 🤷‍♂️

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

History’s best trader? Jack Schwager is a well-known author and financial expert, particularly famous for his series of books titled "Market Wizards," which feature interviews with some of the most successful traders and hedge fund managers over the last several decades. Born in 1948, Schwager has made significant contributions to financial literature and thought, but there is no concrete evidence that he himself is one of history's best traders. His fame and reputation primarily stem from his ability to distill and share the wisdom of those who are considered top investors. For that, you get a THUMB DOWN!!!

The 4% rule is a super important concept and very rough rule of thumb to keep in mind. But this is not a crisp, clear, complete intro to it. The overview, for example, is not an accurate representation of what it says. Find a video of Michael Kitces covering it instead.

Thanks to you guys!! I read the turtle trading book and I was looking for Dennis or jerry to ask these same questions! I appreciate you guys help. New sub from me

I love how open he is to discussing his strategies!

These con artists only tell you after these stocks have gone up a few thousand percent.... Don't believe them

Great episode, thank you .

Awesome vid. Thank you so much 🙏

Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth...

Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth..

When Warren Pies recommends a podcast I subscribe

FCTE is the 3fourteen ETF

Warren is the best!

concerted effort from big money to drop this market at least 10%. They missed the 24% sp500 rally ytd. When sp500 closes the year +35% and they tell their clients they made 8%. Investors will flee. warren got a lot of the calls right over the last 3 years.

sexiest man alive

Why does Jack's voice sound sped-up and low quality?

Best of the best at explaining the options market effects on the overall markets. Well done, gentlemen.

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Frankel.

day 2 asking to ban the Michael guy

Yes, CPI Increases (which are not inflation) are related to increases in energy prices.

His bearish view on small caps didn't age well.

Wrong Warren. Get Warren Mosler, MOSLER… not Pies 🥧… Warren Mosler… it’s spelled M-O-S-L-E-R… Warren Mosler… get him on… not this guy. #MMT … otherwise I’m just going to keep taking your money…

Hit the nail on the head pointing out the originality of the thinking of Warren and 3Fourteen - excellent stuff

Most guests, instead of promoting their products or services via the show, they do not really care to show their personal portfolios sincerely, otherwise they will lose their credibility after revealing their real portfolio to be just simple index funds or even cash, which are quite opposite to the products they try to sell.

If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year.

I'm planning to invest $150,000 of my savings into the stock market to capitalize on the recession. What is the best investment strategy to use?

Guys, climate change is a simple fact. It is ridiculous that because the right has turned it into a political football, you feel that you can’t acknowledge it on here…The earth also isn’t flat. Get over the political nonsense..,

this was not useful. even the hosts themselves, at multiple points during this discussion, made concessions along the lines of, "these are interesting questions to ask. but are there any practical implications? who knows?" mike green already has a tendency to be rather long-winded, and this "summary" of his ideas further exacerbated the issue.

Wrong rulette example. If i win on black 3 and loss 1 .. and if i bet on red 1 and loose 1 Then i will always win 🤠 this game

Very-well explained especially when finding correlations between different sets of data and noticing or discovering unexpected patterns or relationships in data. 👍

Maybe the snowy winters of your childhood were the outliers and you have a false benchmark. Similar with climate change, since you mentioned it, statistically insignificant to use even 100 years of data to make conclusions about 100 thousand plus year changes.

hey could you please ban this Micheal guy from commenting? Having to read his comments is really annoying and he is disrespectful to your interviewees all the time as well.

Every time I hear tRUMP, you’re telling me you don’t care about women and children. 🤷‍♂️ tRUMP is bad for America and for stocks. Vote Democratic! Be American! 🇺🇸 #MMT

39:37 “we’re due to correct I believe…” umm, not at a Fed Funds Rate of 5.5% giving people like me who have money more free money. Nope… and the market will pullback in September like usual because it’s the end of the fiscal year and there’s a tax drain… but I don’t think you look at that stuff by what’s coming out of your mouth all the time… oh well, I keep taking more of your money #MMT

“tRUMP being pro-stocks”??? What a weird thing to say. 🤷‍♂️ are you a tRUMPanzee, Brent? This tRUMP talk is Unamerican. Why aren’t you looking at Fiscal, at Government Spending, at the Daily Treasury Statement, Withdrawals - Deposits = Our Money?? You’d take more money if you did that. I’m taking tons of money. No Pain, All Gain. Vote Democratic! Be American! Do good with market money! Cmon now 🇺🇸

I’d recommend you read/follow Allan Lichtman and his 13 Keys to the White House. He has a scientific system for predicting US Presidential elections developed in 1982 that he’s used to predict correctly every presidential election since 1984. Currently the keys favor a Biden/Democratic Party win. He hasn’t made his final prediction yet. He will once the Democratic convention occurs. However there is one caveat. Elections can be stolen, like in 2000, so it is best to know what is happening in the 11 swing counties within the 7 swing states that will determine the outcome of this presidential election.