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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