From Joe
Limited Time Discount: Get First Year for Half Off
Until midnight on Cyber Monday (Nov 27th), you can use discount code THANKSGIVING to get your first year of Heresy Financial University for half off.
Heresy Financial University gives you unlimited access to the entire training library of courses, teaching active investors portfolio allocation, advanced options strategies, stock analysis, and much more.
Whenever I run limited discounts, they sell out (the first one sold out in 90 minutes) so you don't want to wait. The code will stop working at Midnight on Monday.
Oh, and the best part is, your member pricing gets locked in forever. Next year, I'll be adding a few new features and benefits for all members, which you'll get automatically as a member. But it also means the price will be going up for new members. So get in now and lock all the member benefits at today's price.
Sign up now with code THANKSGIVING and get your first year of Heresy Financial University for 50% off.
News
'There's no money': Argentina's Milei doubles down on economic shock therapy
Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. In an interview late on Tuesday, Milei said that his government, which will take office on Dec. 10, would have to make deep spending cuts, something he pledged in the campaign as part of a "chainsaw" plan to trim state spending. "There's no money. There's no money," Milei told local outlet Neura Media. "If we don't make a fiscal adjustment, we're headed for hyperinflation. We'll have hyperinflation and we are going to have 95% poverty and 70% or 80% homeless."
Regional Banks See Permanently High Funding Costs, Slok Says
US regional banks are seeing “permanently” elevated funding costs relative to their major competitors in the wake of the March turmoil that upended the sector and financial markets, according to Torsten Slok at Apollo Management. Eight months after the collapse of Silicon Valley Bank, “large banks continue to enjoy significantly lower funding costs and, hence, higher profit margins than regional banks,” Slok, the firm’s chief economist, said in a note Tuesday.
Fear of Failure is Vital to the Success of a Free Market Economy
It has become popular, especially in certain fields and among certain crowds, to glorify failure. So-called entrepreneurs and social influencers often brag about their failures. Multinational corporations publish poems encouraging failure. Vapid mottos rejecting the fear of failure are ubiquitous on motivational posters and T-shirts. These efforts are apparently meant to convey an enterprising spirit and a fearlessness about trying new things in an effort to push the boundaries of a particular field. While there’s tremendous value in attempting to achieve something worthwhile despite the risk of failure, failure itself is never the goal. And “learning from our failures” is part of the process of success, not an end in itself. Rejecting the fear of failure is not only impossible but harmful to human achievement.
Americans Are 3x Likelier to Take a Hardship Withdrawal. But Fidelity Says Doing This Can Protect Your Retirement
Americans are, in growing numbers, relying on their retirement accounts to pay the bills. More specifically, hardship withdrawals from 401(k) and related plans are up. This is shown as a result of numerous studies conducted over 2023, including a new report issued by Fidelity. To address this, Fidelity urges employers to help their employees prepare for unexpected expenses with structured emergency funds. As 401(k) hardship withdrawals soar, Fidelity says, this has become a more urgent issue than ever.