Hello! Jesse Cramer here.

Thank you for reading The Best Interest

And listening to my podcast, Personal Finance for Long-Term Investors

From the blog...

Today's articles are all about the AI bubble (?!) and what you should (or shouldn't) do about it.

I want you to walk away from this first article with two wonderfully human - though perhaps contradictory - ideas. These two ideas shed essential light on how manias and bubbles work.

When I first wrote this post, the concept of an "AI Bubble" wasn't on anyone's radar.

Yet the basics of manias and bubbles can undoubtedly be applied to what's going on today.

There are five discrete stages of an asset bubble...and today's circumstances might remind you of one of those five stages!

👉 Bubbles Trouble

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Onto the second article...

Perhaps one scary fact is that the market is at a very high CAPE ratio (cyclically-adjusted price-to-earnings). As we discussed last week -- valuations are high!

And in the past, high CAPE ratios have led to lower-than-typical investment returns. When CAPE is up, returns go down.

As a stock investor (like many of you)...that's not necessarily comfortable.

👉 Timing the Future Market: CAPE vs. Future Returns

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Time to panic? Time to act? Time to be swift and assertive?!

Even if we are in a bubble, even if valuations are high...I would still caution anyone against "timing the market."

Sure, it's notoriously hard. That's reason enough.

But even if you get it your timing perfectly right, the long-term benefit is NOT that big! The juice is just not worth the squeeze.

👉 The Near-Zero Benefit of Timing the Market

On the podcast...

Episode 119 is a deep dive dedicated to helping special needs families. We cover a range of specific financial planning topics related to raising children with special needs.

That might not apply to you or your family.

But I bet you know someone to whom it does apply.

And maybe, just maybe, this episode will introduce that person and that family to one or two ideas that will make their burden lighter, that will help them make a wise financial or legal decision, or help them sleep at night a little bit better.

If you know that family, consider sharing this with them.

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🎧 Special Needs Children: How to Protect Their Future and Yours

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Special Needs Children: How... Oct 22 · Personal Finance for Lon... 40:21   ​

Weekly Top 3 - Other Content You Can't Miss

• 🫣 From Humble Dollar: most of know the obvious benefits of Roth accounts. But what are the hidden benefits of Roth?
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• ⚖️ From Flowing Data: what's "middle income" in your state?
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• 🔄 From nextavenue: why "unretirement" doesn't work out

P.S. - if you find something great that you think deserves to be shared with our community, let us know!

🎁 Bonus 🎁 - many thanks to Chris Luger for inviting me onto the The Extreme Personal Finance Show 🤘🏼🤘🏼🤘🏼

What Are *Your* Questions?

I've been creating "ask me anything" episodes on the podcast, where I answer your questions about investing, financial planning, and retirement. They are quickly becoming my most popular episodes.
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Want to check them out? They're all here:

🔗 All of My AMA Episodes

I'm collecting questions for AMAs 11 and 12.
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Reply to this email or send questions to Jesse@BestInterest.blog

Work with Jesse?

By night, I run The Best Interest and Personal Finance for Long-Term Investors.

By day, I work for a fiduciary wealth management firm in Rochester, NY, helping busy professionals and retirees avoid costly mistakes and grow lasting wealth to and through retirement.

Learn more here.

In Closing

Thank you, as always, for reading, listening, and getting in touch. The project continues because the audience (that's you!) is amazing.

People like you send me questions every single day.

I’d love to hear from you.

Go ahead! Send an email or ask me question: ​jesse@bestinterest.blog​

Until next week,

Jesse