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Morning Market Download from Invincible Money

Day 1 - Thank you for subscribing

Thank you for subscribing to the Morning Market Download daily email. This is issue #1.

First, over time as I get the tone and content down, you'll see some things change from day to day. Second, I want to hear from you on what kind of financial content you want that will help you level up your finances, so please feel free to reply to this email or any email in the future and let me know what you like and don't like. You don't hurt my feelings (that much) and it will help the newsletter get better.

What are we doing here?

There are a lot of daily newsletters that are great, but none that focus on not only financial and business news, but also personal finance and how you can take that news to make better financial decisions.

So here's what we'll focus on:

  • Financial and business news: get up to date in just a few minutes each day on what's happening in the world of money and business so you can more easily spot investing opportunities and know where the market is headed.

  • Personal finance education: learn how to make better money decisions that can help you build a solid and growing portfolio.

Who is Trajan and Invincible Money?

I'm CFO, entrepreneur and a former financial planner and Wall Street analyst. My wife and I paid off $200,000 in debt and reached financial independence in 8 years and want to help you do the same. You can read more about me here. This newsletter won't be about me, but I wanted you to know where I'm coming from and that I have 30 years of experience in the market.

So, What's happening in the money world?

  • Visa and Mastercard are halting their plans to launch crypto services until market conditions improve. A spokesperson from Visa said, “...We have a long way to go before crypto becomes a part of mainstream payments and financial services,”

  • Tesla, which is up 58% from its lows last year, announced it’s building a new plant in Mexico. This is one day after China scolded Elon Musk for his comments about Covid possibly coming from China. They basically said, don’t bike the hand that feeds you.

  • Bonds have made a comeback as a viable investment this year as the yields have risen to around 4%.

  • Target beat earnings expectations on strong consumer spending. ($1.89 vs $1.40). Target’s CEO said that more people are buying necessities over fun things as the prices of consumer goods continue to rise.

Seeing people spending is disheartening to the Fed as they try to curb inflation. Strong spending and earnings make it harder for inflation to come down.

Warren Buffett's advice to investors:

When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. Both large and small investors should stick with low-cost index funds.”

Buffett advises us investors to keep it simple and invest mostly in low-cost index funds. In fact, he made a 10 year bet with a hedge fund manager that his investment in a simple index fund could beat the Wall Street Hedge fund. Of course, he won. Read more about it here.

So how was this first daily newsletter? Please reply to this email and let me know!

Thanks for reading,

Trajan King

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