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Record holiday spending: good news, just one problem: consumers used buy-now-pay-later schemes to spend $7.3BN from Nov. 1 to Nov. 26, up 14% from a year ago, per Adobe
These are basically vendor/3rd party financing programs which don't show up on already maxed out credit cards... Source: Statista, www.zerohedge.com
As highlighted by Tavi Costa, one of the positives for gold today is the consistent neglect of the metal as a defensive alternative over the past few decades
This is evident in the significant underrepresentation of precious metals among traditional investment strategists. Source: Crescat Capital
Fun Fact: Bill Gates Could Be A Trillionaire Today If He Had ‘Diamond-Handed’ His Original $MSFT Shares
If he maintained his 45% stake, it would equate to $1.23 Trillion today... Source: Cheddar Flow
The way to build wealth, is over the long-term:
Source: Invest In Assets | Stock Market Investing 📈
10 Accounting KPIs everyone should know
By Compounding Quality / Chris Quinn
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