Interesting graph I ran across in a newsletter that stole it from JPM Wealth Management.

It graphs the 10 year returns after the S&P at various Forward PE levels.



I'm a homer douche about the S&P500. Maybe I should be less. Problem is I'm guessing if I get too crazy, I'll have trouble outperforming the S&P materially, so maybe the answer is keeping a little bigger cash position or *gasp* bonds. (I fucking hate bonds).

Anyway, it may mean nothing, but zooming out I think has value.

Newsletter I got it from - not particularly valuable, but full disclosure.

https://oaktreecapital.com/insights/...n-bubble-watch
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Sticking with the big 7 and my 2 favorite ETF/Buffett stocks.

Apple
Microsoft
Google
Meta
Tesla
Amazon
Nvidia

FZROX-if you have Fidelity get this. No expense ratio!
BRK-B
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This week I set up Actual Budget for budgeting and tracking my investments. It's an open source alternative to YNAB or Mint. It's free so I only pay $1.50/month for the real time transaction API. I'm liking it so far.
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I don’t think that’s what free means.
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Pretty affordable, though. I spend $120/year on Quicken. (Granted, that also includes some invoicing features that my wife uses for her consulting work.)
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I was only joking.
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Another round at the whipping post for the AI stocks.

Hilariously, the tiny amount of individual stocks is the only green in my portfolio.

Yikes.
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I have 10k on the bench and am considering buying more Tesla as it’s on sale.
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I've always been leery of Tesla, and today is no different. Elon has alienated his core target market, and the current administration (ironically) doesn't seem to be particularly friendly to EVs. If you're playing the long game, it might work out, but you'd need to be in for a crazy ride.
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