Jae's Corner: Personal Finance Is Know-able

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Max Pain = Markets Higher

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Max Pain = Markets Higher

Improved GH2Benefits.com Is Live

Jae Oh
May 18, 2023
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Max Pain = Markets Higher

jaeoh.substack.com

Perplexity.AI Includes Maximize Your Medicare

What do I think is the best AI tool for getting information? Take a wild guess.

Still Providing Individual Medicare Guidance

The other day, someone asked me whether or not I still helped individuals, given the other professional activities. The answer is yes, I value helping those that require it, and providing accurate, objective answers to a largely-misinformed public. Just click here, or press on the image below.

Market Short Means Higher

Taken from the front of the Willard Hotel where I stayed for the Alliance For Lifetime Income conference. I will have extensive observations and commentary on the conference in the coming days.

Washington shenanigans continue, with debt ceiling debates, etc. It’s exhausting to watch. For risky markets, it looks like there is ‘relief’ over the prospect of an agreement, but that is not what I would use as the explanation for the markets being higher.

Is it part of the explanation? Yes. Is the AI craze partially responsible? Likely. However, an additional reason can exist here: managers have been overly pessimistic (there have been plenty of reasons, like the regional bank crisis). We have seen this dynamic before, we will see it again.

GH2Benefits.com Has Been Massively Upgraded

Check it out here. The key is that you can find all of the related articles, including from this Newsletter, indexed! All you need to do is click on a topic name, like “Medicare” and all of the related articles will appear.

AI has permanently transformed the way that we work. I defy anyone who states otherwise. The result is that financial planning will also change, because career paths, and earnings potential, will almost certainly change. People will need to learn about the benefits that employers have historically provided.

The idea of 30 years at the same company has been quickly eroding, which means that traditional pensions and 401(k) plans may not be the dominant source of retirement savings. Social media and AI have accelerated this sea change. More on that later.

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Max Pain = Markets Higher

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