The top 1% has the same amount of wealth as the bottom 90% (32% each)
The top 1% owns more than 50% of the stocks
The top 0.1% have 15% of the wealth
Why don't objectively rich ppl feel rich?
There are always ppl richer than you
awealthofcommonsense.com/2026/04/the-...
I have a big announcement to make:
After years of exhaustive research I have determined that the world’s best Miami Vice resides at Stilts in Marco Island
It’s the perfect mix
The S&P 500 has experienced just two down years (2018 & 2022) since 2009
The Nasdaq 100 has had just one down year in that time (2022)
Are we due for a bad year?
Is this one of the best bull runs ever?
Some thoughts on down years in the stock market:
awealthofcommonsense.com/2026/04/the-...
Gulf side of FL
Despite everything the US stock mkt is up ~19% over the past year
But stocks like:
NKE -75%
TGT -55%
MSFT -32%
CRM -49%
HOOD -54%
COIN -59%
DIS -49%
are in the midst of large drawdowns
Some thoughts on bottom-fishing in stocks that are getting killed:
awealthofcommonsense.com/2026/04/bott...
I’ve never seen anyone do a good homemade one
It’s in there! Hidden by the light
Corona on the water in nice weather is a tough combination to beat
Spring break off to a good start
From 1926-2025 just 46 companies accounted for half of the $91 trillion in wealth created by the US stock market
60% of stocks underperformed T-bills
Some thoughts on how to own the best stocks:
awealthofcommonsense.com/2026/03/how-...
Animal Spirits: Home Buyer's Remorse
Are stocks getting cheaper?
Recession fears
How much do gas prices matter for the economy?
There are so many rich ppl
Wealth inequality vs. socialism
Private credit redemptions & more
awealthofcommonsense.com/2026/04/anim...
The S&P 500 is currently down 6.6% on the year
If it finished the year at those levels (a big if) it would be the second worst year since 2009
To be fair there have only been 2 down years in that time:
2018 -4.2%
2022 -18.4%
Not a lot of down years in this cycle
No one knows how long a correction will last when you're in it
But buying stocks when they are down tends to be a good long-term strategy
A look at what happens when you buy the stock market down 10%, 20% and 30%:
awealthofcommonsense.com/2026/03/how-...
Yes!
Fair
Yeah but I feel like you can get these feelings in a lot of places now
Project Hail Mary is the kind of movie that reminds you why you love going to the movies
If you earn $500k/year you're in the top 1% of income earners in America
How could this much money make you feel middle class in NYC?
Why do so many rich ppl claim to be middle class?
awealthofcommonsense.com/2026/03/what...
Drawdown update from the highs:
S&P 500 -8.0%
R2000 -9.1%
Nasdaq 100 -10.7%
Gold -17.1%
NVDA -18.5%
MSFT -33.5%
Bitcoin -47.5%
HOOD -56.2%
Every Mag 7 stock is now in a double-digit drawdown:
AAPL -11.3%
NVDA -13.6%
GOOG -16.3%
AMZN -16.5%
TSLA -20.9%
META -24.1%
MSFT -31.6%
Some definitions:
-5% = pullback
-10% = healthy correction
-15% = correction
-20% = bear market
-30% = collapse
-40% = crash
-50% = crisis
A short history of stock market pullbacks:
awealthofcommonsense.com/2026/03/a-sh...
Animal Spirits: The Best Stocks in History
Markets rule geopolitics now
Why would the Fed raise rates?
Why aren't stocks down more this year?
Why is gold down 20%?
Why are new car payments so high?
How to keep your customers happy & more
awealthofcommonsense.com/2026/03/68869/
I asked Claude to create a dashboard of NBER recession indicators for me
Seems like every time we test the economy w/a new geopolitical crisis it's a little weaker every time
Also worth noting the US economy has weathered a lot of storms this decade and continued to grow
Here's a question:
Which asset class will have worse returns for the remainder of the decade:
Residential real estate or private equity?
Let's investigate:
awealthofcommonsense.com/2026/03/the-...
Why are there so many redemption requests for private credit funds?
Many reasons
The biggest one in the wealth management space is an asset-liability-expectations mismatch in an illiquid fund structure
Do you blame the advisor or the investor?
awealthofcommonsense.com/2026/03/an-a...
80/20 movie/film guy
So how did they try to lower inflation in the 2020s?
Well the government spent a bunch of money, imposed excessive tariffs and started a war that spiked energy prices
Oh
So show it!
It gave no closure. Terrible choice. Cop out
Bruce Willis was dead in the sixth sense
Kevin Spacey was Kuyser Soze
Sorry it’s still a terrible choice. Nearly ruined the movie for me. Film ppl are very good at making excuses for bad movie choices. Sorry but it’s true