Consider this

There are already 25 times more millionaires in the US than people who will ever be able to own one Bitcoin.

How do I love SPBC? Let me count the ways

 

SPBC is the Simplify US Equity Plus Bitcoin ETF. Simplify is stock market genius Michael Green's (@profplum99) place of business.

SPBC was launched in 2021, near a Bitcoin peak with $100 million in assets. in the ensuing Bitcoin winter, SPBC was largely forgotten and dwindled down to a few million in assets. But it shouldn't have been. SPBC has outperformed just about every asset class except gold (by a nose) since its launch.

The concept is simple and beautifully elegant. It's designed to give you 100% of the return of the S&P 500, plus 10% of Bitcoin. I love Bitcoin, and I love stocks. But like Reese's Peanut Butter Cups, this is two great tastes that taste great together. 

The kicker is in the quarterly rebalancing. I love rebalancing. Any time Bitcoin goes on a monster run, the fund will take some profits and reallocate to stocks. And any time Bitcoin goes down hard, the fund will buy the dip. With a volatile asset like Bitcoin, that rebalancing is pure magic!

I was being a bit facetious with that tweet above. Everybody should be highly diversified of course. But SPBC is an easy, set-it-and-forget-it way for average folks to smartly get exposure to two great assets.

Happy government shutdown day!

 

 

It's looking like the best shutdown ever!

The Vought memo orders agencies to identify all programs that depend on discretionary funding (which lapses next week) and don’t align with the president’s priorities. Employees who administer those disfavored programs or projects won’t be furloughed. They will be fired.

For small-government advocates, the beauty of this is its reset potential. When government reopens, the Trump team will hire back the fewest possible statutorily required employees at programs it already wanted to cut. For a starter list, see the more than 45 Mr. Trump’s recent budget asked Congress to eliminate—among them the Economic Development Administration, the U.S. Interagency Council on Homelessness, the Legal Services Corp. And then there’s the Education Department.

The Democrats created Trump

Holman Jenkins, in the Wall Street Journal:

Nancy Pelosi, who said impeachment shouldn’t be a partisan stunt, launched a partisan stunt in 2019 by putting in charge Adam Schiff, whom the country knew as a collusion liar. This was a mistake.

Kamala Harris scrapes the larger mystery in her new memoir. Democrats essentially promoted Mr. Trump as a foil. They thought he was their ticket to enact policies Americans otherwise never would support and even most Democrats in office didn’t support, from unenforced borders to extending Joe Biden’s senile incumbency. This was a mistake.

On Aug. 8, 2016, the New York Times made its signal contribution with a front-page directive to the nation’s press to abandon objectivity and adopt an “oppositional” stance toward the GOP nominee. Has an idea ever proved more shortsighted? The spectacle of press lying over the next three years was the single biggest factor in turning Mr. Trump into the political Hercules he’s become.

It's different this time

No, really. It is.

Depopulation

I meet a lot of very cool 30-ish people who don’t seem to be on the path to having kids. Huge mistake. Kids are awesome.

It’s the circle of life. It’s meant to be. Whether you believe in God or not, nature wants you to have kids.

All your ancestors had children. You’re going to end a family tradition of millions of years because it’s inconvenient for your current lifestyle?

Inauguration Day

 Joe Biden right now listening to Trump talk about ending government censorship and the weaponization of justice: