Bassam Salem
This post is part of a series with the same theme: letters addressed to my younger self. These letters, written by an “older me,” would have helped me navigate some of the rough waters I faced during various phases of my life. They would’ve also helped me when I was faced with difficult decisions. Through […]
The last decade has taught me many lessons about real estate. Like many, I experienced what appeared to be an unstoppable freight train of real estate values that peaked in 2007, collapsed in 2008, and rebounded with a vengeance over the past few years. Now that this is all behind us, we can assess lessons […]
Let me start by saying that this post will likely cause some serious eye-glazing for many of you. If you have no clue what your net worth is and don’t really care, you likely shouldn’t waste much more of your time :-). OK, now let me address the remaining three of you :-). You […]
Continuing to watch this: with the S&P at 1,592 and gold at $1,292 (a 1.23x ratio), we’re much closer to the “even if” scenario discussed here. It’s Different This Time: What Gold Can Tell Us About the Stock Market.
It was nearly here in 2000, then again in 2007; the S&P 500 index is once again at a record closing level of 1,565. The next milestone level for it to break will be the intraday high of 1,576 also achieved in 2007. What’s interesting about this level? We have now bounced off of it twice […]