DM: "Stay in your lane. I followed you for money, not politics."

Shall we dance? πŸ’ƒ

++Thread++
(First off, is it too political to ask for a functioning society and government? Did I really cross the line?)
One argument starts: "It's *my* account..."
But that's cheap.

Personal finance, investing, and the economy are all tied to the way gov't and society operate.

I think politics are within my Overton window (e.g. tax policy, Fed reserve, etc)

en.wikipedia.org/wiki/Overton_w…
You're here for personal finance?

You're probably a normal person.
Job, kids, hobbies, plans.
I certainly fall in this camp (well...no kids)

A functioning society and government are important to your ends.
Are you a stock trader, a Gumroad hustler, or a Boglehead?

A well-oiled economy is important. You need cash flows flowing, positive revenues, rising tides, etc.

A functioning society and government are important to your ends.
And if you're here for my random economic thoughts, then I suppose you don't need a functioning society and government for that.

But if you want thoughts on the economy, then politics is on the menu too. They're too intertwined.
"But the bigwigs in D.C. don't affect me. They're corrupt swamp-dwellers."

This book⬇️was written for *you*

It discusses the breadth, depth, and importance of the Fed gov't, from keeping us safe to delivering free breakfast to the poor kids in your town

amazon.com/Fifth-Risk-Mic…
I have no plans of making politics a regular part of this account.

But when I do discuss them, I hope this thread has convinced you that, well, it *is* in my lane

P.S. 99.4% of you are rockstars and I apologize if you read all that only to think⬇️

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
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More from @BestInterest_JC

6 Jan
Myth: The 2010s stock market was once-in-a-lifetime. You'll never get an investment opportunity like it again.

Facts πŸ‘‡

++Thread++
In the nine decades since 1930, the stock market:

β€’ Shrank in two decades
β€’ Grew in seven decades
β€’ Avg'd 5.7% annual growth w/out reinvesting dividends
β€’ Avg'd 9.7% with dividends

Ups and downs
Many waves
The 2010s felt *great*

We bounced back from the Global Financial Crisis.
The bull ran the whole decade
FAANG stocks took off

This is...pretty good!
Read 9 tweets
3 Jan
With all this Bitcoin in the news, do you want to understand the basics?

Yeah, me too.

I've spent the past week reading up on the protocol. Here's what I've learned.

Bitcoin, explained in simple terms πŸ‘‡

//Thread//

(Disclaimer: I don't own BTC)
Bitcoin is a software system.

That software is used across a network of computers.

Those computers follow the rules of the software.

1/
Individual people use digital wallets to "store" their Bitcoin.

Wallet = folder on a computer.

Each wallet has a unique ID and unique password.

The password is called a key

Using their key, an individual can authorize transfers from their wallet to other wallet(s).

2/
Read 16 tweets

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