Markets

LARRY ELLISON, THE 81-YEAR-OLD cofounder of Oracle Corporation, recently became the world’s wealthiest person.
Oracle, a software company, isn’t nearly as large as its peers. So how did Ellison’s net worth manage to surpass that of Bill Gates, Jeff Bezos and the founders of other much larger companies?
The answer is simple: In the nearly 50 years since Oracle’s founding, Ellison has almost never sold a share of his company’s stock. According to an analysis by Smart Insider,

I own Treasury Inflation Protected Securities (TIPS), a small amount of I Bonds and my wife and I are both receiving social security benefits  so I have a lot of interest in what the federal government will do as far publishing the appropriate indexes that determines the upcoming inflation adjustment for TIPS, I Bonds and our social security benefit given the 10/01/2025 shutdown.
Looking around on the internet I came across this 10/15/2013 Boglehead’s article.
In the article there is a link to the federal register on the topic which Appendix C,

Each year in Seattle, our exquisite summer weather exits stage left in September, pursued by a bear worthy of Shakespeare: pervasive gloomy clouds and steady rain persist until next July. More rain accumulates in other cities, but we have more gray, cloudy days (usually 226/year).
Those many days of non-stop summer sunshine lead even the most careful to grow forgetful, leaving home without a rain shell, driving with joyous abandon on newly slick and dark roads.

In a prior post I explained that we were in the process of doing account transfers into Fidelity. As good fortune would have it, nearly all of our money was sitting in cash when Liberation Day caused the market to tank. 
My quandary was how to get back into the market. I asked what would you do; dollar cost average (DCA), or take the plunge. Replies were mixed. 
I bet on import taxes creating havoc for the balance of the year,

The rule of 72 is a convenient mental math tool to quickly estimate the future value of today’s investments, extrapolated some years forward. It’s quite handy, as Jonathan noted in the Math section of HumbleDollar’s Guide. Expecting a 7.2% return from your stock funds? Your holdings should double in value over 10 years (72 divided by 7.2). Of course, the rule assumes a magical world where your returns are always the same and markets are perfectly linear (ha!),

I’m going to curse myself, question my own intelligence, spend nights sleeping poorly, and firmly consider the wisdom of “stay the course” as no more useful than a chocolate fireguard. Checking my portfolio balance will become a preoccupation to make myself nauseous.
The market is at an all-time high, every metric is stretched, and knowing how I’m going to react come the inevitable correction, I’m still not changing my asset allocation. But I have made preparations—I’ve purchased sick bags.

FOR MANY INVESTORS, talking about bonds is about as interesting as watching paint dry. They aren’t nearly as interesting as stocks. But if you have a portion of your portfolio allocated to bonds, or plan to, it’s a topic worth some discussion.
The bond market is actually much larger and much more diverse than the stock market. For most investors, though, there are just a few types of bonds to consider. We can examine each in turn:
Total Bond Market
Perhaps the most well known type of bond investment is a total-market fund.

The secret is revealed at the end.

TIME VALUE OF MONEY, asset class, diversification, dollar-cost averaging: This is the language of investment professionals. But it isn’t the language of everyday Americans, including those saving for retirement in their employer’s 401(k) plan.
Trust me, I know. During my nearly 30 years overseeing 401(k) plans, including providing financial education to participants, it became clear to me that using such plans as intended wasn’t easy for most people.

“U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era
The S&P 500 has never been this expensive, or more concentrated in fewer companies” – WSJ 9/1/2025
Edited 9/2/2025 per Morningstar:   Morningstar US Market Index +10.90%  since June 1, 2025!  Tech stocks +16.1% over the same period.
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Summary 200 Day Simple Moving Average:

As of today (September 1, 2025), SPX index 200-day simple moving average is 5959.47,

We often hear that we are a consumer driven economy, with estimates that consumer spending provides as much as 70% of GDP. I read a recent article by Ben Carlson that indicated that, at least for this year, Big Tech’s capital expenditure spending on AI is approaching a similar level. The Bloomberg Magnificent 7 Total Return Index (I had no idea this existed) is up about 39% over the past year, compared to about 19% for the S&P 500.

Since Trump’s return as POTUS everyone is inundated with the news about Trump’s tariffs on just about every country in the world. His reasoning is that other counties have always taken advantage of the USA, and it is time that the USA rights the imbalance of trade.  He has said that he has always believed in tariffs, harking back to before 1913 when income tax was implemented. Of course, any thinking person would know that these tariffs are paid by the importers,

The Congressional Budget Office (OMB), the Council of Economic Advisors (CEA), the Committee for a Responsible Federal Budget (CRFB), the Office of Management and Budget (OMB) all use quite sophisticated forms of a spreadsheet and they all come up with different projections for debt, deficits, GDP and inflation, etc. … because they use different assumptions. 
See, I told you so, those darn spreadsheets will find any answer you like.😱😁

EARLIER THIS SUMMER, Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act—GENIUS, for short. This sounds obscure, but it’s a story worth following. The GENIUS Act’s purpose is to promote the growth of—and to regulate—a new type of financial instrument known as a stablecoin.
What’s a stablecoin? It’s similar to a cryptocurrency but differs in one important way: Bitcoin and other cryptocurrencies have exhibited wide price swings. That makes them interesting to investors but less-than-useful as currencies for everyday transactions.

In a recent Morningstar article, the author pointed out a few things.
“It feels like the economy has gone through three cycles in the past six years. The future looks very messy and uncertain, yet there’s no shortage of pundits that claim to know what will happen tomorrow.
But predicting the short-term direction of the economy has always been that way. ….
The media and investors alike are subject to recency bias: the tendency to place more emphasis on recent news and events than on older circumstances.

Something in the news recently caught my notice and has me wondering. I want to emphasize that I’m not trying to be political, and I would be disappointed if any comments were. As you may know, I’m not even from your country; I’m Irish and live in the UK. So the nuance is beyond me. All that aside, do you think the recent dismissal of the head of the Bureau of Labor Statistics should cause me any concern about the future accuracy of US economic data sources?