I heard Mike Zuber @1RentalataTime say something on a video last night that just completely sums up the basic path ordinary people must ALWAYS use to successfully build wealth.

1. Live beneath your means
2. Create disposable income
3. Buy assets
4. Hold for the long term This is the foundation for one of my favorite sayings that nobody ever appreciates.

"People who invest in something almost always come out better financially than people who invest in nothing"

Meaning....the process is really more important than the asset.

As you get older, if you live long enough, you'll notice people your own age, even successful and famous people, are dying more often.
This might impact you emotionally, and give you reason to pause.
The first big one for me was Steve Jobs, who died of cancer 12 years ago. 🧵 Steve Jobs as wan iconic figure for all of my adult life, and after he passed, I noticed he was my exact same age. Reading more about him, I realized we shared a lot of the same influences. The Whole Earth Catalog and the hippie futurists who put it out. Yogananda.

1/ I disagree with this nice man, whom I am sure is a financial professional and a high net worth individual as well. I'm going to make a 🧵that explains why. 2/ If you have reasonable assets and you're going into retirement in the near future, what's your biggest potential problem?
I'd argue that the scariest thing is that high inflation tends to eat retirees alive, if they're on a fixed income. And my expectation is high inflation.

1/ A #Uranium Primer for Dummies.

There are multiple levels of risk in the uranium sector.

Category 1.....Low Risk:

Only two names. $SPUT and $YCA.L (YLLXF in the US). Fwiw, I'm not sure Yellowcake is safe from the onerous US PFIC tax rules. Do your own DD on that. I own SPUT 2/ $SPUT (in my opinion) has the best downside risk profile of any u name. Safest name to own with leverage, too. Spot uranium is not going to start trending down unless somebody drops a nuke or a power plant melts down. Period.End of story.

1/ It's interesting watching the discount to NAV change for $SPUT. Today spot price fell 2.59% and U.UN fell 2.34% but the discount to NAV fell from yesterday's 5.28% to 3.96% today at the close....with no pounds added. 2/ So...if pounds are added and spot price stays the same, that raises NAV for $SPUT

If the spot price rises and the pounds stays the same, that also raises NAV.

Obviously is both spot price and number of pounds rises together, that raises NAV more than either acting alone.

1/ Once again I'm going into the Monday open with more leverage than I should have, playing for more #uranium upside. Pulling out the crystal ball, I see the dollar as the key to success or failure of what I'd now describe as a nascent rally, just taking off. 2/ There were plenty of signs last week that a rotation into #uranium has actually begun...but so far it's a fragile rally subject to the whims of the USD and broad markets.

1/ Little energy pf weekend update: Now sitting at roughly 78% #uranium and 22% #oilandgas. 12 u names and 4 O&G names. Pf leverage is 19%, toward the high end for me but not all in. 2/ #oilandgas names by pf %: $ITE 7.4%, $ROK 5.8%, $PTAL 4.9%, $GTE 4.2%