Another week of what I think is more evidence of what we call “shibai” here in Hawaii. The financial markets are all excited because of an unexpected bank failure of huge proportions in a large bank and a smaller one. All of which occurred last Friday giving the experts an entire weekend to figure out what would occur on today’s date: 3/13/23. So, nothing turned out like the experts said, too many variables to make correct predictions in the short term let alone the long term. The money is made by those who take a position and gamble that they are right. Investing in US insured instruments is historically the only thing close to a certainty. Timing can be learned as to where and when to move assets but where to invest is much much more difficult. Systematic saving seems to me to be the key. The big lurking monster is said to be inflation! While we were assured that raising the Fed rate was going to be the cure – those financial moves are being blamed for the two bank failures and maybe more to come.
The Mathmatecum without any guessing is a guidepost to how to build for your financial future. If you follow the prompts in this blog, you can provide a great revenue stream for certainly the youngest members of your family. May 1st will give the Mathmatecum a new interest rate to ponder when I-bonds change their interest rate.
Here is an example of inflation in the movie industry. In 1969 the average theatre ticket cost $1.42 and in 2022 the price was $11.75! If it had been inflation adjusted the price would be $11.75. The current price is only affordable to those at the height of their earning capacity and not those starting out or those who are at the end of their working lives. Of course, what we are looking at is the theater experience and not the availability of movies that we now have on platforms like Netflix.
BIO
The summer of 1955 was a life changing move that took me from the inner city to suburbia. Two remembrances of the actual move were telling the mover that the truck he brought was not big enough! He assured me it was. Of course, he didn’t know my mother was a bit of a hoarder and had a bedroom cut in size by about 25% to make a large storage closet. The second was acquiring a bicycle to ride in my new neighborhood. Only in the city could you buy an English racer (a Rudge) that normally sold for about $100 for $10.I was sometimes naive about finances at 13 years of age!
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JU
