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Hello! Jesse Cramer here. Thank you for reading The Best Interestβ And listening to my podcast, Personal Finance for Long-Term Investorsβ From the blog...With all this ink being spilled over the 50-year mortgage proposal, weβre reaching an asymptote. Seriously. An asymptote is βa line that continually approaches a given curve but does not meet it at any distance.β Technically speaking, the blue line below never touches the red one, but the gap between them gets infinitesimally small, approaches zero, and might trigger your inner Isaac Newton to invent calculus.
And in the purest mathematical way, mortgages eventually hit their own asymptote. Long-duration mortgages become identical to infinite (aka interest-only) mortgages. β βNo Joke - Just Make It An Infinite MortgageπΈ β On the podcast...As I'm tucking into a small slice of pumpkin pie, I'm welcoming Dr. Phil Pearlman on Episode 122 of Personal Finance for Long-Term Investors. Phil is a psychologist, behavioral finance veteran, and founder of the Pearl Institute, where he focuses on how long-term health and long-term wealth are two sides of the same coin. It's a perfect reminder as we start the holiday season π π¦ β Give it a listen π βHealth and Wealth - The Power of a "Deeper Yes"β β
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P.S. - if you find something great that you think deserves to be shared with our community, let us know! 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. π All of My AMA Episodesβ I'm collecting questions for AMAs 12 and 13. 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 --> Work with Jesseβ In ClosingThank 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. Iβd love to hear from you. Go ahead! Send an email or ask me question: ββjesse [at] bestinterest [dot] blogβ Until next week, Jesse |
I help busy professionals and retirees avoid costly mistakes and grow lasting wealth through retirement. I write a blog, produce a podcast, and create this free weekly newsletter to an audience of 25,000+ monthly members. Subscribe and learn!
Happy December! We have holiday snowfall in Rochester. I hope all is well in your world. Thank you for reading The Best Interest And listening to my podcast, Personal Finance for Long-Term Investors From the blog... Iβm pretty good with numbers, so you can please spell out (in some detail?) an example of how tax-gain harvesting works in practice? -MV Letβs do it. Letβs provide the nuts-and-bolts numbers behind tax-gain harvesting. Why Tax-Gain Harvest In the First Place? Tax-gain harvesting...
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... The topic du jour in finanical media seems to be the "AI bubble." Maybe they're onto something? I'm simply not sure. Some people are seeing cracks. Both Oracle and Meta have lost 20%+ of their value since Halloween. But... But for retirees, the critical question is, "Should you be doing anything about this?" Do you need to take action in some...
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... When is a "free" steak actually frighteningly expensive? Reader βCβ wrote in to share: The short version of the story is that I went to a lovely free dinner sponsored by a financial investment company who would like to take my traditional IRA and convert it to Roth via a Fixed Indexed Annuity. They would pay a 17% bonus for my ~$580k...