↑ Eurozone Stock Index Fund is up by $1,392 or +1.1%
↑ US 500 Stock Index Fund is up by $127 or +0%
↑ GBP is up to USD by 2.3%, so for my portfolio its $1,588
Grant total additions: $3,107 USD
↓ Emerging Markets Stock Index Fund is down by $902 or -0.7%
↓ Global Small Cap Index is down by $25 or -0.0%
↓ Growth fund is down by $554 or -0.8%
↓ EUR is down to USD by 0.9%, so for my portfolio its $2,512
Grand total losses: $3,994 USD
Observations: The more frequently you look at data, the more noise you are disproportionately like to get (rather than the valuable part called the signal); hence the higher the noise to signal ratio. Consider that every day, 6200 persons die in the USA, many from preventable causes. The media only reports the most anecdotal and sensational cases. In an ancestral environment, the anecdote the “interesting” is information but no longer today, especially for the mainstream mass media. So, by presenting us with explanations and theories the media induces an illusion of understanding the world.
Sometimes the best way to mitigate interventionism is to ration the supply of information, as naturalistic as possible. This is hard at the age of internet.
Fun Fact: The UK top 1% percent (over $170,000 salary a year before taxes) pay 42% on their income. Top 0.1 percent takes you over $650,000 salary. This is small group of 50,000 people (0.07 % of population) take 6% of all income.
By comparison, people with their own companies paid an average of just 27 per cent because they took income in the form of capital gains, which is charged at a lower rate than income tax. Those who held on to capital gains until death paid 0 per cent on the gains under current the UK tax system (designed by the rich for the rich).
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