SpaceX’s upcoming IPO is getting a lot of attention, and given the staggering $2 trillion valuation hype, it feels like the perfect time to talk about market gravity. How might we, as thoughtful investors, begin to digest what's going on? Here are my thoughts on why keeping your feet on the ground matters most right now.

After a strong start to the year, the markets have hit some turbulence.

Hotter-than-hoped-for inflation data, continuing military operations in the Middle East and heartburn surrounding the looming Presidential Election are the most frequently-cited concerns heading into April.

A year ago (January 2023) we were licking our wounds after one of the worst years ever in both stocks and bonds. 

At the time, we wrote a newsletter that said in part, “If you suspect that you won’t touch the money until 2028 or beyond, you might continue to consider stocks as a powerful path to building wealth.” 

Last month, Sara reunited with some of her basketball friends playing in the Austin Women’s Basketball League:

The last time she was able to play basketball in person with them was the week of March 12, 2020, just before her twice-weekly games were shut down due to Covid.

The NBA star Giannis Antetokounmpo had dozens of accounts at different US banks with $250,000 in each one. He knows that $250,000 is the per person limit at each bank to qualify for FDIC insurance. Why did this young athlete take the time to learn US banking regulations? Because Giannis was born and raised in Athens, he witnessed Greece’s 2008 financial crisis up close and personal. As a result, financial regulation was probably more important to him than the average investor.