An oligopoly is an economic structure in which a very small number of firms dominate an industry, such as an internet or power provider. These firms have significant market power. They have complete control over prices and output levels without concern for competition. From a practical standpoint, it makes little sense to run redundant power […]
Dollar Cost Averaging is an investment strategy where you invest a fixed amount at regular intervals regardless of the desired asset’s price. The goal is to potentially reduce the impact of volatility on the overall acquisition by spreading out the investments over a period of time. Why Bother Do This? Imagine you wish to invest […]
Doing the work that I do, I have noticed several things about the human condition. Kindness The most significant being kindness, which motivates one much more than assertive or pressuring behavior. Empathy Empathy and understanding for another person’s situation vastly expands the scale of conversation about financial concerns and openness to discuss issues of importance. […]
I now frequently see videos and articles offering financial opinions and advice offered by completely unqualified young individuals with no experience or formal education. To become licensed and educated on topics of finance and wealth creation takes a great deal of time. It ensures a level of understanding and competency that cannot be obtained without […]
Praxeology is the study of human action, based on the idea that people engage in purposeful behavior to achieve specific goals. The premise being action is purposeful: Praxeology begins with the idea that most people act deliberately to achieve desired outcomes. All social situations are ultimately the result of individual actions and choices. Value is […]
A Real Estate Investment Trust is a company that owns, operates, or finances income producing real estate. REITs allow investors to earn income produced through commercial real estate ventures without having to buy, manage, and most importantly, finance properties. Characteristics of REITs -Zac
For those who don’t recall statistical mathematics: Because of the outsized wealth of a small proportion of people, the mean net worth of Americans is dramatically higher than the median. Numbers Time Age Group Median Net Worth Mean Net Worth Under 35 $39,000 $183,500 35–44 $135,600 $549,600 45–54 $247,200 $975,800 55–64 $364,500 $1,566,900 65–74 $409,900 […]
Naval power and reserve currency status are connected through geopolitical power, global trade, and financial stability. Naval power allows a country to secure important trade routes, which are important for trade opportunities. A reserve currency is used in international trade. If a country’s navy ensures safe and open sea lanes, it’s easier for global trade […]
Artificial intelligence is destroying the abillity of young men and women to innovate. It interferes with the human experience, intellectualism, and happiness. AI recycles known concepts in a very compelling way. However, it still remains derivative and spawns from previous conclusions made by thinkers of the past. As a country we have consistently innovated and […]
Sometimes in a taxable account we may see that we have a loss and wish to reposition our portfolio. In this scenario we take a loss on paper and purchase an asset that has exposure to similar risks and opportunities to the asset that was sold. This is called tax loss harvesting. This creates losses […]
