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Stock tokens, market volatility and more! APR. 11, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImJhYzAxNDBhMWZlNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjE4YzE4NmRhMGM1YyIsZmFsc2Vd) Stock Tokens By Adam M. Grossman RECENTLY, The Wall Street Journal ran a story about a new type of investment known as a digital stock token. For now, they aren’t available in the U.S., but they’re coming soon, so it’s worth taking a closer look. What are stock tokens? At the most basic level, they’re a technology designed to make stock market investing quicker and easier than it is today. With tokens, trading won’t be limited to traditional business hours. Instead, investors will be able to trade 24/7. And token trades will settle instantly, allowing investors to deposit or withdraw funds from an investment without the overnight delay imposed by traditional stock exchanges. An additional benefit: Tokens will allow investors to purchase fractional shares. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjUyNGViNzBkNTY0ZCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImIyZTFkOTc4OWU4NyIsZmFsc2Vd) Resist the Urge to Act By Mark Crothers BEFORE WE GET into it, a brief word. We lost Jonathan last year, and those of us who followed his work felt it more than we perhaps expected. He had a saying that I always liked - that there are really only twenty stories in personal finance, and the financial industry spends most of its time telling them on repeat in slightly different hats. He was right, of course. He usually was. It struck me that a fitting tribute might be to take his core principles and do something with them, not quote him at length, but wrestle with the ideas in our own words, from our own lives. I've chosen "Resist the Urge to Act," and had a go below. If the idea appeals to any readers posting on the forum, I'd love to see others pick a principle, whichever one speaks to you, and write about it in your own voice. No need to be an economist. Just be honest. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImIxMWY1MjFlZTVhOSIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjZiZWZhYWIzYjZiMSIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImRmNDM1NTdhZTE2NCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImJkNzI0NzFmZDdlNyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “We could undoubtedly have entered retirement wealthier,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjllYzU2MmJiYzEzZSIsZmFsc2Vd). “But the gifts you send your future self have to be balanced against the gift of actually living now." - “For Mum, financial freedom was about breaking the shackles of frugality that she grew up with,” shares [Greg Tomamichel](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImM5MjhmZmNmNmNkMCIsZmFsc2Vd). “For my dear wife, Cindy, growing up with a single mother suffering quite complex chronic illness meant that money was always very tight.” - “Write. Comment. Share your experiences. Offer practical wisdom. Help each other avoid mistakes,” notes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjQzY2I5NThhODdlYSIsZmFsc2Vd). “That’s what Jonathan valued most, not perfection, but honesty. Not complexity, but clarity. Not chasing riches, but building a better life.” - “Strictly on a financial basis, do you have any regrets about reproducing? Do you ever look back at what you spent on your kids and wonder what your life would have been like had you made a different decision?” asks [Mike Gaynes](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjBkZjQ4ZTRhOWFiMyIsZmFsc2Vd). - “Some regular readers might remember me documenting both the purchase of a home (in 2018) as well as the sale of that home (in 2022),” says [Kristine Hayes](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjY1M2VlYTQ2ZTJkMiIsZmFsc2Vd). “I recently saw that the house changed hands again. The numbers, however, tell a sobering story..." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImU1NTY4Mzc1NDg3OCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjlmN2IzZWQxNjkwMyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

M&A deals, tax efficiency, and more! APR. 4, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjgzMzRhMWY3ZTA0ZSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImIzZDgzMTE4ZTc5MyIsZmFsc2Vd) How Deals Hurt Returns By Adam M. Grossman THERE'S BEEN DRAMA recently in a normally quiet corner of the market. This story got its start back in 2015, when Warren Buffett helped to merge food makers Kraft and Heinz. At first, it looked like a smart idea. Through cost-cutting, the combined company was expected to save more than $1 billion in annual operating expenses. “This is my kind of transaction,” Buffett said at the time, “uniting two world-class organizations and delivering shareholder value. I’m excited by the opportunities for what this new combined organization will achieve.” Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImU4YTJiNzQyZDI1NSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImM3ZDQwOWE2Mzc3YiIsZmFsc2Vd) Tax Efficiency By Bogdan Sheremeta TAX EFFICIENT FUND placement is an often underrated topic. The goal of the tax efficient fund placement is to minimize taxes within your investments, and select the right account for those investments. But how much does that actually matter? Vanguard’s research finds that a thoughtful asset location strategy can add significantly more value than an equal location strategy. The value added typically ranges from 5 to 30 basis points of after-tax return, depending on circumstances (e.g., income, portfolio size). Investors generally have access to different account types, including: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImRmM2ExNjMwN2ZjNCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjAxMDUwZDM1Mzc0MCIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjI2N2NmMWQ3ZDU0NyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjE5NDg3MDg2MDQ0MSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “I have found, especially as I get older, that there is a real benefit to simplifying many aspects of my life,” notes [Doug C](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjU4OTgzMTQ4ODVhYiIsZmFsc2Vd). “For me the reasons include…” - “A cynical investor might think the timing of these airstrikes might have more to do with changing the direction of the news cycle,” says [Michael Flack](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImFiODljOWZjOGNiZiIsZmFsc2Vd). “I instead thought it might be an innocent opportunity to sell some shares” - "Now that some months have passed since Jonathan’s death, I thought I’d pen a special note to the site’s writers/contributors," writes [Elaine M. Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImQ1NjAxMGE4N2JiZCIsZmFsc2Vd). - “Prices are not coming down, inflation is rising, mortgage rates are rising, the stock market is near bear territory. Given all the planning and various strategies that have been discussed on HD, do those retired have any concerns about weathering this storm?” asks [R Quinn.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjQwYjkyZGRjNWQ5ZCIsZmFsc2Vd) - “Gold is a good example of a speculation because it pays no interest,” writes [Philip Stein](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjRjZjQ3OGNjNDJiOSIsZmFsc2Vd). “You hope that one day you can sell your gold for a profit but, in the interim, you receive nothing. Gold has value because people say it does.” - “In the current market, it may be necessary to make compromises,” notes forum member [normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImJkYjhhNWU4NjlmZCIsZmFsc2Vd). “This is particularly so because many young people carry student loans, credit card debt and an automobile loan..” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImM2YTFhYjEzNGM3MSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImJlMzYxNTE3ODNlOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Is market going to crash? Some tax tips, and much more! MAR. 28, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjljNmU3NTAzYzBiMCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjM2NDM1OTVhYmRlZCIsZmFsc2Vd) Doubt the Forecast By Adam M. Grossman WHEN PAUL EHRLICH'S obituary appeared a few weeks ago, it came and went without much notice. But during his lifetime, he was enormously influential. By training, Ehrlich was a biologist, but he was most well known for his 1968 book, The Population Bomb. It opened with this dire prediction: “The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death.” Of course, none of Ehrlich’s predictions came close to being true, but that didn’t impact his popularity. He made more than 20 appearances on The Tonight Show—so many, in fact, that he was required to join the Screen Actors Guild. What can we learn from this? I see five key lessons for individual investors: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjM4NmZhMmYwYzBhNCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjA4NmM0MTg1OWI1NSIsZmFsc2Vd) Treasury Tax Reporting By Bogdan Sheremeta IF YOU HAVE a Money Market Fund (e.g. VUSXX, VMFXX), Treasury fund (e.g. SGOV), or any other Treasury ETF (e.g. VBIL), you need to know how to report it on your taxes correctly. If you don’t, you are overpaying on your state taxes unknowingly. These treasury funds hold U.S. Treasury Bills. Treasuries are exempt from state and local taxes. Of course, this only matters if you hold these funds in a taxable brokerage account, which most people do. The broker sends you a 1099-DIV form, but it’s your responsibility to figure out how to report it on your taxes correctly. By the way, bad tax preparers can miss this sometimes, or if you self-prepere, this may be something you aren't aware of (I hope most of you reading HumbleDollar are familiar with this!) Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjlmYmY2OWZmNDUzYyIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImQ0NGUxNDcwODhmNyIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjI3MDFlNGE2ODNlNiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImRiM2E1MjVjODk1MyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Given all the planning and various strategies that have been discussed on HD, do those retired have any concerns about weathering this storm?” asks [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImNlNzdlYjQ0ODM1YSIsZmFsc2Vd). - “It was not a wise thing to do—and it’s not an example I’d want my kids or grandkids to follow,” writes [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjlhYmM1ZDQ0NGI2MyIsZmFsc2Vd). “But I’ll tell you a tale anyway. It’s a story of loss and comeback, of fear… and, truthfully, more fear.” - “While many retirees know that waiting until age 70 can maximize their own retirement check, applying that same logic to Spousal Benefits is a costly mistake,” notes [James McGlynn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjI4YWI1ZWE2MzhkYSIsZmFsc2Vd). “If you are eligible for a spousal claim, waiting too long could mean losing three years of benefits for no gain.” - “There seems to be a growing appetite among ordinary investors for private credit funds, and I’m not convinced it’s the right choice for most people,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImNiNWNmYTlkNWRlMSIsZmFsc2Vd). “If you do go down that route, you need to think deeply about two things: the liquidity situation, and the potential for defaults among the underlying investments.” - “In my reading I have learned that when the markets are down it is advantageous to do conversions as when the price goes down you can convert more shares per dollar,” writes [David Lancaster](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjY0MmJkZDg1ZGZkOSIsZmFsc2Vd). “With the recent downturns I have been taking advantage of this phenomenon.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjc4YjYyNDY2MmY4ZSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjk5ZWJjMTczNjcyZiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Is AI a bubble? S&P 500 $3 trillion expansion? MAR. 21, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjk1NzliNGRiMjNjMSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjZlZWEyNWE2MmIyZiIsZmFsc2Vd) AI, Bubbles, and Markets By Adam M. Grossman IN AN INTERVIEW a little while back, the technology investor Peter Thiel drew an uncomfortable comparison. Today’s frenzy around artificial intelligence, he said, parallels the tech stock bubble of the 1990s. To illustrate his point, Thiel pointed to Amazon. By any measure, it’s been an extraordinary success. But, Thiel points out, it hasn’t been a straight line. At one point early on, Amazon shares lost more than 90% of their value.“My suspicion is that that’s roughly where we are in AI. It’s correct as a technology, but extremely bubbly and crazed…” Thiel explained that he doesn’t doubt the importance of artificial intelligence as a technology. What he’s questioning is how these technologies are being financed... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImE3ZmExZjkzOGMyZSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjQ2OTBjZWI4Mzc3MiIsZmFsc2Vd) $3T S&P 500 Gatecrashers By Edmund Marsh HAVE YOU GIVEN any thought to what's about to happen to your S&P 500 tracker? Three enormous IPOs are expected later this year: SpaceX, OpenAI, and Anthropic. Based on their most recent private transactions, SpaceX appears to be valued at around $1.25 trillion, OpenAI at roughly $800 billion, and Anthropic at approximately $380 billion. Combined, we could be looking at close to $3 trillion in private market value that wants to go public. To put that in perspective, the entire S&P 500 is worth roughly $60 trillion. That's not a routine year for markets. That could be a very large event indeed. I suspect the vast majority of people with money sitting in a tracker fund have absolutely no idea it's coming... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImFlOGM3MjBjNjM1YSIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjk5Zjc2NGFjMTBkMiIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImQ2ODZlYTZjMzY4ZCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImQwMWNiMDQ4YmFiYSIsZmFsc2Vd). Below are some topics folks are currently talking about - “The first line of defense against a portfolio in freefall is, of course, the chill pill (pioneered by Dan Smith). Unfortunately, clinical trials have shown that effectiveness drops by approximately 80% during periods of elevated market volatility, rising to 100% during a full correction,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjMwODA0Y2JmNTYxMSIsZmFsc2Vd). “Researchers described it as ‘a notable flaw in the product.'" - “Large companies need collective representation for salaried employees and managers. Especially when mass layoffs are on the table” notes [Raghu](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjAzODZjZDhlYmIxNyIsZmFsc2Vd). “Decisions of this magnitude should not happen behind closed doors with only financial voices in the room.” - “If individuals don’t make changes in their financial behavior and if we don’t do better for those with inadequate means to fend for themselves, there will be adverse economic consequences as society continues to age,” says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImVlYzc4ODQwOWM3YSIsZmFsc2Vd) - "Do you have any personal experience with Medicaid Asset Protection Trusts (MAPTs)?" asks [Bogdan Sheremeta](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImFmNmIzMjc4NWNmNyIsZmFsc2Vd). This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImYyMjA5NTU2YjE5YiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImMyZDZiYWE4ZmE5YiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Economic trends, frugal fitness and more! MAR. 14, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImI2OGI2NjZkMDhmYSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjU3ZTZmNTM4MTZhNiIsZmFsc2Vd) Economic Trends By Adam M. Grossman LAST WEEK THE government released its monthly employment figures for February. The results weren’t great. Payrolls declined, and unemployment ticked up. These numbers square with other downbeat data, including a recent uptick in bankruptcy filings. Another worry: Oil prices have been rising, a result of the conflict in the Middle East. That’s a concern because it could lead to a reacceleration of inflation. It could also dampen consumer spending because higher gas prices act like a tax on consumers, leaving them with less to spend elsewhere. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImRjZDUyY2U4OGZjYSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjMzYjI0ZjZiNTQxOCIsZmFsc2Vd) Frugal Fitness By Edmund Marsh AS A PHYSICAL therapist, I’ve spent a large slice of each work day teaching and encouraging patients as they exercise their way to better health. Along with other elements of treatment, each patient pays for a custom exercise program tailored for their specific problem. These are folks looking for a way past the debilitating effects of injury or disease. Even so, many of them find it hard to follow my plea to “do your exercises”. If they struggle to follow the helpful recommendations of a health professional, what about the rest of us? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjk0ZDVkYzhlODdkMCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImEwMGZmODY5NTI0NyIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjJhN2ZkYmMxNGNkYSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjIzNmFmZDI3NzNkMCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Normally I only rebalance once a year, but my policy statement has a clause to enact a threshold rebalance if the equity portion of my portfolio drops more than 15% — a once and done strategy,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImNiNzgyNWIxZTkzMCIsZmFsc2Vd). Do you rebalance your portfolio? Let us know in the comments! - “What should worry me more—inflation or market declines?” asks [William Housley.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjg3NDU3YTllN2M0MyIsZmFsc2Vd) “Both reduce the value of our savings, but they behave very differently. Inflation tends to work slowly and quietly.” - “New research presented by Kiplinger shows significant variations in typical withdrawal rates,” notes[R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImNjNzNmMjY1MTgyZCIsZmFsc2Vd). “As you may suspect, some of that is based on age, marital status, the existence of a steady income stream and when the RMD kicks in.“ - “I’ve had a long career in Software development, and as a result I understand how fragile software systems can be,” writes [Bruce Roberts](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjg4NWMxODk3MTIxNiIsZmFsc2Vd). “As more of our financial infrastructure comes to rely on software as its underpinnings, the more likely it is that we will experience an outage that will last some period of time.” - “A recent forum post on keeping gold bars as financial crisis insurance got me thinking about alternative stores of value,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjYzNjY5NjdiMzgxNSIsZmFsc2Vd). “I’ll admit there’s an element of tongue-in-cheek to what follows — but I also think it might prove rather more useful than stuffing a gold bar in each pocket and heading out to barter for your Sunday lunch.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjUxNmU1YmIyYjM0NCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImYxYmY1YzRjYzc1MSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Tax smart retirement, home tips, S&P 500 doomed? MAR. 7, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjc3ZjRiODViN2YyNyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjA4NDlkMGM3MjI3MyIsZmFsc2Vd) Tax Smart Retirement By Adam M. Grossman A POPULAR JOKE about retirement is that it can be hard work. That’s because financial planning is like a jigsaw puzzle, and retirement often means rearranging the pieces. In the past, I’ve discussed two key pieces of that puzzle: how to determine a sustainable portfolio withdrawal rate and how to decide on an effective asset allocation. But there’s one more piece of the puzzle to contend with: taxes. Especially if you’re planning to retire on the earlier side, it’s important to have a tax plan. To get started, I recommend this three-part formula: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjJiNGE1YjQ5M2YwNiIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVhZjBiNTg4YjY5ZCIsZmFsc2Vd) Home Tax Tips By Bogdan Sheremeta IF YOU OWN a home or are planning to buy one, there are a few things you need to know from the tax standpoint that could save you money: 1. Mortgage Interest If you have a mortgage, you can typically deduct the interest you pay on the loan up to $750,000 ($1,000,000 if taken before December 16, 2017) but only if you itemize your deductions (schedule A). You can also deduct points you paid if you itemize. Many people miss deducting points on their tax returns when they purchase a house, but you have to meet some criteria: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjIzZDA2OWNlMTE0YiIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImFjNGIzYTIzMmVkZiIsZmFsc2Vd) Sector Fund by Stealth By Mark Crothers I'VE RECENTLY MADE the most significant change to my own portfolio in thirty five years. For the first time I've moved away from pure market-cap investing, tilting meaningfully toward Europe and Southeast Asia and bringing my US technology concentration down to around fifteen percent. I'm retired. I don't need to chase the outperformance that concentration might deliver, and I don't need the potential volatility that comes with it. This is a personal position rather than any kind of recommendation; it's nothing more than a risk management decision made at a point in life where I simply don't need the risk. What prompted it was a growing discomfort with something I suspect many everyday investors haven't fully reckoned with: the S&P 500 is no longer quite the animal it once was. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImYxMjFiZmE0Njk4MCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVhZjBiNTg4YjY5ZCIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImY3YTJiNzM3YjA0YyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImI1NzdmN2ExYTlhZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “New research presented by Kiplinger shows significant variations in typical withdrawal rates,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjllYjEzZDc3NDAxZCIsZmFsc2Vd). “As you may suspect, some of that is based on age, marital status, the existence of a steady income stream and when the RMD kicks in.“ - “One of the stranger paradoxes in finance is volatility — the degree to which an asset’s price swings up or down over time,” notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImJhMGVlMGYzZjMxNSIsZmFsc2Vd). “Most investors hear the word and flinch. But once you understand what volatility actually is, and what it makes possible, you might start to see it very differently." - “Sometimes the most helpful words aren’t, 'You should be saving more.' Instead, try: 'Help me understand how you’re doing in preparing for retirement,'" says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImZkNjFiNDI4YzJmNCIsZmFsc2Vd). "That question might open the door." - “Donating to charity used to be simple. Not anymore,” writes [Howard Schwatz](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVkZjFhOTBiYjljZSIsZmFsc2Vd). “I am reaching out for opinions on the most efficient way to donate in 2026. I have identified several ways to donate but can’t decide on the best approach.” - “It appears that Vanguard on 9/20/2025 changed their lack of an option to transfer a joint taxable brokerage upon the death of the last owner to survive via a Transfer On Death designation,” notes [William Perry](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjMxMjkwMzI5NDFlZSIsZmFsc2Vd). “My understanding is you now may do so via completing an online form, printing, executing the form and mailing the completed form to Vanguard.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjMzMWY5OTQzYmE4MCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImI4NTViNjBkZTE2MiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investment risk, HSA, and more... FEB. 28, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjBmNWU1MmM0OWJlOCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjI1MTQxNmZkYmUwMSIsZmFsc2Vd) Managing Investment Risk By Adam M. Grossman BEFORE ITS FAILURE in 2008, Lehman Brothers had been one of the most prominent investment firms in the United States. After 158 years in business, what caused it to collapse so suddenly? In a word: complexity. Lehman had been involved in the securitization of mortgages, a process that resulted in taking something relatively simple, a home mortgage, and turning it into something much more complicated, thus obscuring its true risk level. That was the proximate cause for the firm’s failure. When it comes to making investment choices, risk is unavoidable. No one can know what path the economy, the market or any given investment will follow. But that doesn’t mean investment risk is entirely outside our control. There are, in my view, certain characteristics we can look for in investments that can help tilt the odds in our favor. Here are four to consider: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjUyYzY2NWE2YTljMiIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImNiMmY5YzY0NTI3ZSIsZmFsc2Vd) HSA Tips By Bogdan Sheremeta HEALTH SAVINGS ACCOUNT (HSA) is the most efficient tax-advantaged investment account because it offers a triple tax advantage: - Contributions are tax-deductible - Earnings grow tax-free - Withdrawals are tax-free if used for medical expenses One of the best uses of an HSA is to actually invest the balance... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjlkM2NjNjlkMjU1NyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImQ4M2IzMGVmNWFhMyIsZmFsc2Vd) Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImZmOTNjOWJlOTA0OCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjBhNjA0Zjg1M2JjZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Sometimes the most helpful words aren’t ‘You should be saving more’," notes [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjRlODhkZGY3MjBhNiIsZmFsc2Vd). “Instead, try: ‘Help me understand how you’re doing in preparing for retirement.'That question might open the door." - “Finally, I’ve gotten around to building a ladder. I have procrastinated doing so because it seemed like a hassle; buy a one year, and a two, and a three, etc. Then after a year, roll the one year to a five, and on and on,” writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImFkNTJlY2QxY2NhMSIsZmFsc2Vd). “If I knew how simple Fidelity made it, I would have acted sooner." - “This futuristic Research Report from June 2028 got Wall Street scared a few days ago,” states [Nick Politakis](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImY5OTE5MGQ0MTdmMyIsZmFsc2Vd). “It predicts that AI will cause massive disruption and displacement in the economy which will lead to a terrible market decline.” - “However you dress these research papers up, a simple truth is often lost in the data and jargon,” notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjZiNjU5N2FmY2Q2MCIsZmFsc2Vd). “They are all just rules of thumb. Useful perhaps as a rough outline, but not a substitute for planning grounded in your own personal circumstances.” - “You have probably seen the ads for senior life insurance protecting loved ones for $9.95 per month with premium guaranteed for life as long as you are not over age age 80,” says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjk4NmU4NDkwMThmMiIsZmFsc2Vd). “What the ads don’t shout about is the $9.95 is ‘per unit’. Once you learn that, you need to find out what a unit of insurance represents.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImVkODIwZTgyZjg4OCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjFjYWZlNzZiMDE1NCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investing tips, Trump accounts, and more... FEB. 21, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjQwZDFmMDMwN2E4MCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjdjZTM1YzVmNzhjMCIsZmFsc2Vd) Endowment Lessons By Adam M. Grossman LAST YEAR, an unusual story made the news: The University of Chicago was reportedly looking to sell an entity known as the Center for Research in Security Prices (CRSP). CRSP has long been one of the University of Chicago’s crown jewels. So it was a surprise when officials announced it would be putting it on the market, especially since the asking price, at about $400 million, was modest relative to the university’s $11 billion endowment. Why would Chicago feel compelled to sell? Well, UChicago’s finances have been in tough shape in recent years. The story carries useful lessons for individual investors, so it’s worth studying where the university went off track: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImE0YTQwZDY3MTVhOCIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjU4NTRiMTRkZDBhNSIsZmFsc2Vd) Trump Account By Bogdan Sheremeta TRUMP ACCOUNT WAS created as part of the OBBBA signed on July 4, 2025. I've been getting a lot of messages about it, because there is a lot of conflicting information. The IRS has also posted some instructions for the account. My goal with this post is to walk through the rules and give my take on when (if ever), this account makes sense: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImNlZmFlMzFmODFlMCIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImY0NTk0OGQ4YTkwMCIsZmFsc2Vd) No one wants to see a rollback. But we all know it occasionally happens. Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjgzMmU0NmUxMTM3MyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjM1N2UxYjgzZjQwYyIsZmFsc2Vd). Below are some topics folks are currently talking about:\ - “A sensible recommendation is to invest 20% to 50% in foreign markets. That seems reasonable on the surface. But, which of the 3 sources of funds is best to invest in foreign markets?” questions [Guindy Sam.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjYzNGU5NDlmMTY3MSIsZmFsc2Vd) - “Starting on May 27, BoA is changing the credit card rewards program,” notes [Bogdan Sheremeta](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjk3Y2Q0Yjk4NjFlNCIsZmFsc2Vd). “To get the 75% cash back boost, you now have to maintain a $1M balance." - “The sensible move is obvious: sell up and reinvest the proceeds into an index fund,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjQ4ZGE0YWFiOWQ1MiIsZmFsc2Vd). “But that’s where FOMO is gumming up the works.” - “My overall allocation between equities, fixed income and alternatives is directionally sound, but the portfolio itself is too complex,” writes [David S](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImVjOTFiMjIyMzVkYiIsZmFsc2Vd). “I own too many illiquid investments that are difficult—if not impossible—to unwind.” - "No one wants to see a rollback. But we all know it occasionally happens," says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImJkMzFhMTE2YzVmMiIsZmFsc2Vd). "But how would you feel about rolling back a few months? A year? Two years?" This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImI1OTkyMzQ1ZjU4NSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjY5NTZmNjg2Y2U2NiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Sell America? FEB. 14, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImNkYzkyZmMwMDZiZSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjRjNWNiZGMxYjgyYyIsZmFsc2Vd) Sell America By Adam M. Grossman OVER THE PAST YEAR, a new term has entered the lexicon: “Sell America.” The idea is that investors are losing confidence in the U.S. economy due to persistent deficits and concerns about other policy choices. Owing to these fears, some investors are pulling money out of U.S. stocks and reallocating to international markets. Others are opting for gold and silver. The result: In 2025, for the first time in a long time, international stocks demonstrably outpaced domestic equities, gold rose nearly 70% and silver more than doubled. These trends have continued into 2026. Year-to-date, the S&P 500 is just fractionally positive. Meanwhile, global stocks outside the U.S. have gained 8.5%, with some international markets delivering even stronger returns. An index of Asian markets is up 17%. But should you change your strategy now? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFlMTE0MTZlYmNmMCIsZmFsc2Vd) [https://humbledollar.com/money-guide/investing/](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjhhNWVlMDI1OTU2OSIsZmFsc2Vd) Financial Trauma By Mark Crothers SOMETIMES WORLD events beyond your control create a hard reset point in your financial life. A before and after. For me, that point was the 2007 Great Financial Crisis (GFC). The psychological scars still reverberate into my current life. Looking back, I was aware of something rumbling about in the financial landscape but didn't take much notice due to being deeply involved in running my business. Little did I realize the impact heading my way: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImQzMzAzZjc3NTA5ZCIsZmFsc2Vd) [Screenshot 2022-11-25 at 2.50.47 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjNkOTMzOGQ0MjNiMCIsZmFsc2Vd) Speak Up GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjFhNDNlODZjMTk0OSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFkODRiMjg0ZjcyZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Fix the budget if the math genuinely doesn’t add up, if you don’t earn enough for essentials,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImIwYTM0ZWRmYmQ0MCIsZmFsc2Vd). “Fix the habits if you’re like Richard: earning enough to live comfortably but somehow broke by the 20th, wondering where it all went.” - “The actual ability to buy a home not only depends on pricing-but income, mortgage interest rates, the percentage of that income available to service mortgage payments, and non-mortgage home ownership expenses,” notes [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjhmNjAzOGNjNjlmMSIsZmFsc2Vd). - “So probably all of you with big wallets have discovered this years ago, but I just tripped over the NIIT for the very first time,” shares [Heidi](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjQ4MjM4OWI5MzUzNSIsZmFsc2Vd). - “Seems like a simple question until you think about it,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFkMTVlYWExNzcwNiIsZmFsc2Vd). “'Means' as living within ones 'means' may mean something different to different people." - “But I do wonder if people viewed each choice as two choices – what did I accept, and what did I reject – would it change their behaviour?” questions [Greg Tomamichel.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjY2ODI2NTM5OWJkNSIsZmFsc2Vd) This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjFlOTlhZGU4OWNjMiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImNmYjEzMmJkYWNhOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Portfolio, investing, retirement & more... FEB. 7, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjFkMDFhNjYwNGJhMiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImFkM2VhMjg4NjY1YSIsZmFsc2Vd) Perfect Portfolio By Adam M. Grossman WHAT'S THE BEST way to manage your investments? A new book titled Your Perfect Portfolio helps answer this question. I spoke this week with the author, Cullen Roche: Adam: You start the book with 10 essential principles. One is that beating the market is very hard. Cullen: The numbers are daunting. Over 20 years, 95% of active investors will underperform a simple index. More importantly, beating the market is literally not a good financial goal, because typically when people are chasing returns, they’re really chasing risk. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImQ0MDg2MDI0OGJlNyIsZmFsc2Vd) [Screen Shot 2022-07-24 at 4.43.45 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjMxM2NhYWIxOTgwMSIsZmFsc2Vd) Value of Waiting By Dennis Friedman I WAS THINKING ABOUT Jonathan the other day on my morning walk, which happens more often than you might think. It’s hard not to think about him when you have HumbleDollar coasters in your living room and a HumbleDollar shopping bag in your car that you use for groceries. Ever since I started writing for HumbleDollar in 2017, Jonathan has influenced my retirement. I now own the Vanguard Total World Stock Index Fund (symbol: VT) in my investment portfolio because of his recommendation. He liked it for its “broad global diversification in one low-cost fund that covers virtually all publicly traded companies worldwide.” It struck me as a good way to simplify our holdings. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImM1NTdlNmY5NWVlNyIsZmFsc2Vd) https://humbledollar.com/articles/ Share Your Wisdom GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjM0ZDVhYjVjN2MyNCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjQ3ZDRlNzNlMjRlNiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "I manage my portfolio with low-cost index funds, while my wife Suzie pays nearly 2% annually to a wealth manager," writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjliNjM5MTkwMDk0NyIsZmFsc2Vd). "Several comments asked for an update on my campaign to win her over to a lower-cost approach that would benefit our combined future wealth." - "I’ve tried to explain the ACA and subsidies to a number of friends to limited success," notes [Suzee](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjViOThjNzY5NjI0NSIsZmFsc2Vd). "Between calculating MAGI, understanding what income “counts,” navigating the exchanges, comparing premiums, plan levels, and deductibles, it’s a lot for anyone to wrap their head around." - "My wife was laid off the other day. After thirty years at one company. For the first time in her working life, forty years, she was told her services were no longer needed," shares [Venicio](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImU2MmMzYTdhYWY5ZSIsZmFsc2Vd). An anxious moment, but exactly why getting your finances in order is so important. - "What a system we have," writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjAwOGU4YmFlODY2YiIsZmFsc2Vd). "Part D plans are not uniform in the drugs they cover and we are expected to select a plan not knowing what future prescriptions may or may not be covered." https://www.amazon.com/My-Money-Journey-financial-freedom/dp/0857199862/ This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjFmZThhMmJiOGU4ZCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjNhYTdiZGUxZTY5YSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

JAN. 31, 2025 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImE3NjQ0NDhiMzUwYiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImYwNDM5ODY5MWZhNCIsZmFsc2Vd) Misleading Indicator By Adam M. Grossman LISTEN TO THE financial news, and you’ll often hear reference to “the VIX.” But what exactly is the VIX, and how important is it? The VIX index is intended to be a measure of investor sentiment. For that reason, it’s often referred to as the market’s “fear gauge.” How can investor sentiment be measured? While the math is complex, it’s based on a straightforward principle: When investors get nervous, they look for ways to protect their portfolios and are sometimes even willing to pay for that protection. This was the insight that led to the initial development of the VIX back in 1989. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImFiOTY2ZWU2ZWRhZCIsZmFsc2Vd) https://humbledollar.com/money-guide/great-debates/ Investments Tax By Bogdan Sheremeta MANY PEOPLE don't know, but there is a net investment income tax of 3.8% that applies to some of your income. I want to discuss what it is, how we can reduce its impact, and how we can save some money on taxes: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImE4ZjZkOWU5ZDA5MSIsZmFsc2Vd) https://boglecenter.net/gettinggoing/ Say What? GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjliYzg1ZmVmOTM3YyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjM4MzJlMzA0ZTY4OCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "I can’t help but wonder: if a ten-year-old is asking about gold, is this the time when the rest of us should be more cautious?" asks [Mark Crothers.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjhkNjRiNTgxN2E3ZCIsZmFsc2Vd) - "I love a New Year. It’s a great time to evaluate your current situation and make changes as necessary." writes forum member [Hitekfran](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjU1MGVjMjUxNTJkYiIsZmFsc2Vd). - "I’ve told all my kids and anyone else who’ll listen to setup a HELOC on their home 'just in case'," says [B Peterson.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjRjNTFmNzMzY2Y3NCIsZmFsc2Vd) Do you have one? - "I thought that I might put my rudimentary knowledge of AI to use in planning the trip," notes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjk5ZDFmY2UzNzgxYSIsZmFsc2Vd). Have you used AI to plan a trip? This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjIxYjM0YTEwZjkwOCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjY1NDNhZjdiNDM1MSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Money tips, tax tips, and more! JAN. 24, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImVlMTk3M2U5MjlhNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjY1ZmYxNWYyZDdmOSIsZmFsc2Vd) Financial Happiness By Adam M. Grossman ACCORDING TO THE World Happiness Report, Finland ranks as the happiest nation in the world, a title it’s held for eight years in a row. Each time this report is updated, it makes the news for a day or two but then fades. That’s for good reason, I think. As much as Finland might be a nice place, it isn’t necessarily practical to suggest that anyone pick up and move. The good news, though, is that there are many other, more practical ways to boost financial happiness. Here are five that I’ve observed over the years: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjcwZTJhMmUyZjUyZCIsZmFsc2Vd) https://humbledollar.com/money-guide/portfolio-builder/ Tax Tips for W-2 Employees By Bogdan Sheremeta I GET A LOT OF questions from W-2 employees asking, “How can I save money on taxes?” Many people know that business owners have a lot of flexibility to lower their tax bill, but what about W-2 workers? I’ll skip some of the more “obvious” strategies, like: - 401(k) - Backdoor Roth - HSA/FSA Here are some other ones you might want to think about: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjFjYjM0NjEwNjVjOCIsZmFsc2Vd) [Screenshot 2022-11-26 at 5.11.02 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjk2ZTQ3MTBmOThkYSIsZmFsc2Vd) Your Two Cents GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjhkNjAzOGQyZmY2NSIsZmFsc2Vd) and check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjNmMjU0ODJkODM0NyIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Young professionals are told that 'responsible' people avoid debt," writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjU0MzlhMzhlOWQ2YSIsZmFsc2Vd). "Yet, the credit scoring system, the gatekeeper of the home owning dream, is essentially a 'debt-management score,' not a 'financial responsibility score'." - "I’ve always viewed Social Security and Medicare deductions as pure taxes I’d never see again," notes[Langston Holland.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImJjYjI5YmUxMmZiMyIsZmFsc2Vd) "It appears I was wrong." - "Social Security is headed toward depleting the retirement benefit trust, but as long has there is incoming tax revenue, reduced benefits will be paid," states [R Quinn.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImE4OGFlYTQyMDk5YiIsZmFsc2Vd) - "Many of us have decades of practice saving, budgeting, and optimizing," remarks [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjRmMjIzN2JjY2M3OSIsZmFsc2Vd). "But retirement requires a different skill: spending confidently, not impulsively, but without unnecessary guilt when the plan supports it." - "Since May 2024 I’ve 'spent' approximately $8,000 on a strange concept called 'peace of mind'", recalls [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImExZTJhOWEzNjBmZCIsZmFsc2Vd). "I think it’s been an absolutely excellent 20 month trade and well worth the cost, but a lot of people would take issue with my thoughts." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImU4YTUyYTU0MTMwZCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjU1YThmMzMxNGZjNCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Global markets, early retirement, and more... JAN. 17, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImEwYjYyZDdiZGQzMyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImMxYTYxYmQ2NTE5ZSIsZmFsc2Vd) China Market Risk By Adam M. Grossman IN THE EARLY 1950S, journalist Walter Winchell popularized the term “frienemies” when he used it to describe the fraying relationship between the United States and the Soviet Union. Today, we’re seeing a similar dynamic in our relationship with China. This makes it an important topic for investors. Not long ago, the relationship between the U.S. and China was strong and mutually beneficial. Over the past 25 years, trade between the two countries has multiplied. At the same time, though, tensions have been growing. American companies operating in China have been complaining for years about intellectual property theft. So, should investors avoid allocating capital to China altogether? In this article, Adam walks through some options: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjdjN2VlYjJjMjJmYSIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.11.49 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjcwNmI1NTRmZDY5NSIsZmFsc2Vd) Early Retirement By Bogdan Sheremeta MY COWORKER RECENTLY retired. He is 50 years old and has been with the company for over 25 years. The company offers a decent 401(k) match (100% match on 6% of your salary) along with other great benefits. In his case, how can he generate income? How can you retire early if most of your assets are in retirement plans? While tax-advantaged accounts have restrictions on withdrawals, but there are a few strategies that many people don't know of: In this article, Bogdan walks through some examples and strategies on early retirement: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjc1MjhhZjQwMjc4YyIsZmFsc2Vd) https://humbledollar.com/money-guide/humans/ Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjcyMGFlNWRmMWIwZiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjMwNmIwYjlkOGQ2YiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Schwab or Vanguard?" asks [Rachna Condos](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjRmMWNiN2MyODM2NyIsZmFsc2Vd). Any personal experiences to share? - "That’s rather the point of index investing, isn’t it? You don’t think about it. You own everything, which means you own nothing in particular," shares [Mark Crothers.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImNjNzM2MGM4ZGQxZSIsZmFsc2Vd) - "What if a “Lost Decade” occurs? Financial writers have addressed this and I think those nearing or in retirement should consider such a scenario when making financial plans," notes forum member [Normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImU3MTRhNjFjNTM0MSIsZmFsc2Vd). - "Instead of wrestling with a withdrawal rate, why not base retirement income planning on the RMD table?" writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjdjOTNkYTJjNTgwZCIsZmFsc2Vd). What do you think of that? This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImU4ZTEzZjQ4OGUwMiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjEyMjg3Zjc4Yzg5OSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Should you buy gold? Tips on asset protections, and much more! JAN. 10, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjNjMWRiNjkzNzZiNCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImMxMzQ3OTRhNmNlNyIsZmFsc2Vd) Gold Isn't Special By Adam M. Grossman WHAT WAS THE road to outstanding investment performance in 2025? For the first time in a long time, it wasn’t Apple, Amazon or Nvidia. It was gold. Delivering its best performance in 45 years, gold rose nearly 65%. Despite these impressive gains, however, I still don’t see gold as a great investment. Why not? The most fundamental problem, in my view, is that gold lacks intrinsic value. But it's just one of the reasons... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImM3ZjAwNDdjM2NlNyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.11.49 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImE4ZmU0ZTdiMTNkOSIsZmFsc2Vd) Asset Protection Ideas By Bogdan Sheremeta MANY PEOPLE FOCUS on building wealth through asset allocation and investment choices. Far fewer think about asset protection. In my opinion, protecting wealth is just as important as building it, especially since decades of disciplined saving and investing can be undone in one unfortunate event. In this article, I wanted to discuss some of the strategies and tips that I've learned, and implemented in my personal finance journey: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjkyN2Q2MTk4M2I3MCIsZmFsc2Vd) https://humbledollar.com/money-guide/humans/ Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImQ0MzUwMWRkNmQ2OCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjI0YTdjZTM4MWNiMCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "When it comes to investing, boring is good, and few, if any, HumbleDollar readers would buy into the promises that many investments expound," writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjY1OThhZmI0MTZjOCIsZmFsc2Vd). - "Don’t be fooled into that “lost decade” stuff—if you stayed invested, you maintained real wealth," says [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjZmNDhhNzM2YzNiYSIsZmFsc2Vd). "The stock market remains the real investor’s best friend." - "I recently read the HumbleDollar guidance suggesting retirees consolidate old 401(k) accounts for simplicity. My husband and I are both retired (age 62) and are wondering whether that advice still holds when the existing plans are high quality," says [Maggie Wall](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjJlMmJiMGY0YjA1MCIsZmFsc2Vd). Any wisdom to share? - "What could have been a financial panic situation in 2022 was not," notes forum member [Normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjQzYmEzYjU2MTMwMSIsZmFsc2Vd). "We focused on what really mattered, a long and arduous treatment, and our well-being." - "My preference would be to disable the upvote/downvote feature entirely [on HumbleDollar site]," says [DrLefty](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjIwMDViYTNlZmU2YyIsZmFsc2Vd). Should we make this update? Please share your thoughts and concerns. This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImM3ZjBkMGJjMTE1OSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjFkNjJlYzA3MGFiOSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Financial plan, capital gains planning, and more... JAN. 3, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImRmMDY4YjgzMGUyZCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjlhZWIxNzhhN2Q0NiIsZmFsc2Vd) 2026 Financial Plan By Adam M. Grossman LOOKING TO UPDATE your financial plan for 2026? Below are ten strategies you might consider: - Gaining control January is a good time to audit your investments. I’d start with this very basic step: If you have accounts at multiple brokerage firms, see if you can consolidate them. This won’t necessarily lead to better investment results, but if you have fewer accounts, it’ll be easier to monitor and to manage them. This might not seem like an important exercise, but in my experience, investors often find long-forgotten investments, overpriced funds or unintended cash balances when they conduct an investment clean-up like this. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjlkZWI3MWMyZTE1MCIsZmFsc2Vd) https://humbledollar.com/money-guide/big-ideas/ Capital Gains Planning By Bogdan Sheremeta THE IRS RECENTLY announced inflation adjustments for the 2026 tax year. The standard deduction rises to $16,100 for single filers and $32,200 for married couples filing jointly. Long-term capital gains are taxed at 0% for single taxpayers with taxable income up to $49,450 ($98,900 for married couples). This creates opportunities to manage taxable income, especially in low-income years or early retirement scenarios. For example, selling investments during a year with little other income could result in little to no federal tax owed. In this post, Bogdan breaks down how these changes work and strategies to take advantage of them: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImYxMWY1OTQ2MTg0MyIsZmFsc2Vd) https://www.amazon.com/Best-Jonathan-Clements-Timeless-Financial/dp/0988780348/ Have Your Say GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjQyYTUwMGY4N2UzOSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjNhOTc1YWViZjkwZiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Does a budget make sure of anything, tell you anything or prevent anything? Nope" says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImQzMzU1NjI3MjgyNiIsZmFsc2Vd). - "AI is replacing workers. Workers, and their employers, pay a total of 12.4% into Social Security, and 2.9% into Medicare," writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjU0ZGI5OTU2M2M4YSIsZmFsc2Vd). "Fewer workers means less income." - "A lot of us can’t assume family is nearby when real life hits—surgery, illness, a spouse needing care, a sudden fall, a car in the shop, you name it. If family isn't local, how do you plan for the "support gap" that distance creates?" asks [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImE0YzNhODM4M2Y5MCIsZmFsc2Vd). - "The goal isn’t numbers—it’s purchasing power—yet gains are usually measured with a nominal ruler," notes [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjE3OTNiOGUwMzE1YSIsZmFsc2Vd). Becoming a millionaire isn’t the flex it used to be, and realizing this is foundational to financial wisdom." - "The index doesn’t chase leadership or flee weakness," says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImVmNThjZjA5NmQ2YyIsZmFsc2Vd). "It simply holds everything and lets time do the work." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjYyYjBhMmY3MzdhMyIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjExMDM5Njg2YjUzMSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

[Open email in your web browser.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjUzYWQ4OWUwMzVkMCIsZmFsc2Vd) [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjE4NmNkMzViM2NkMCIsZmFsc2Vd) You're on the List MANY THANKS for subscribing. Our free newsletter usually goes out every Saturday morning. If you want to check out earlier articles, head to [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjZjZjk5MzFjNGZmOCIsZmFsc2Vd). Indeed, if you haven't already, please spend time exploring the site. Every day, you'll find something new: - The heart of the site is our comprehensive and continuously updated [money guide](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjI2YTkxZjQxZWJmYyIsZmFsc2Vd). Popular sections include our [Financial Life Planner](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjEwODk1N2Y1YjE2YyIsZmFsc2Vd) and [Portfolio Builder](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjVkMWRjOTI3NzA3NiIsZmFsc2Vd). - Got a money story to tell, financial wisdom to share or a question to ask? Want to see what other readers have on their mind? Head to the [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjI2NzQwMDM2MzNhNCIsZmFsc2Vd). - On the homepage, you'll discover a selection of earlier articles and Forum posts. - If you'd like to give your finances the once over, try the [Two-Minute Checkup](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsImYyODYyN2E2ZjBkOSIsZmFsc2Vd). Plug in no more than nine pieces of information and you'll get feedback on 10 areas of your financial life. - Check out our five regularly updated homepage features: Manifesto, Act, Humans, Think and Truths. Manifesto describes key beliefs that should govern how we use and think about money. Act suggests ways to improve our money management. Humans looks at our financial foibles. Think recaps crucial financial ideas. Truths details things we can say with reasonable certainty about the financial world. - Across the top of the [homepage](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsImQ4NTY5MTA3Y2E3NCIsZmFsc2Vd), you'll find our daily (and sometimes twice daily) insight. HumbleDollar, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It's published with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that the site is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the site's contents. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsIjg4ZjU5ZmUyZDE2NSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5MyIsImRjMDJmZWYzYzZiZiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146