Markets booming, Mag 7, Netflix, Govt Policy, Saving for kids

Yacht sinks:Living the dream. Anchored off Sicily coast in late summer. Storm sinks you in early morning. Dead. 15 people rescued, including 1 year old girl. 6 dead. 5 found in sunken boat. 184ft $35m yacht. 165 ft deep.  In tact. Investments and MarketsMarkets booming. year-to-dateS&P: 20%Tech: 18%Div: 14%Bitcoin up 40%! Netflix up 44%. Netflix!All time high. $700. Jake Paul, Tyson, Squid. NFL. Excited for Wyatt Earp.Mag 7:I can’t think of a reason to bet against any of these? Apple: all i useMicrosoft: embedded in every corporation (redwood). Nvidia: Years ahead of competition. Meta: Open source AI. Google: Break it up! Worth more! Amazon: Only place I buy from. Tesla: Robot in my kitchen prepping my coffee and other beverages. (10 years).Ford has said its EV business is on pace to lose about $5 billion this year. In the three-month period ended in June, the automaker lost about $44,000 on every electric vehicle that it sold. is canceling plans for a large electric sport-utility vehicle and expects to take $1.9 billion in related special charges and write-downs, as automakers continue adjusting their EV plans because of softer-than-expected demand.The AI Race:Politics and Govt PolicyPolicies. Friedberg on Price fixing: https://www.youtube.com/watch?v=xA5B6quoahY1:06:35Biggest problem with both parties is excessive spending to please big money backers and constituents. Milton Friedman on spending: Nobel Prize-winning economist: https://x.com/icannot_enough/status/1824411533671080335?s=51&t=YUkdoBz4yNifBaQlQUp3-gWhere is Kamala. Obama at DMC speech. Pretty dynamic. Trump on Theo Von vs Trump on X-spaces with Elon. All in PodcastTalked a lot about drugs and alcohol. Trump has never smoked or drank alcohol. Pretty remarkable. Brotherly advice (me on the otherhand…)Saving for your kids:Probably need $250,000. Rule of 7&7. $7000/yr at 7% over ~18 years. Roth IRA. Brokerage Account. Retirement Strategies:My simplest rule is $5m. Why? Most people can live pretty good on that. 5% return, $250k/year.  Age 45 have $1m. Double in 7 and again 7: at 60 you’re at $4m. Very stressful when you don’t have an income. Recommendations:Work your ass off.Hit the gym every day; or at least break a sweat.Dinner with kids.