Perhaps I’m confusing some positive things that are going on with my life, but I haven’t felt this good about the current state of the markets since 2007. Sure, everything went to hell the next couple of years and mass carnage ensued. But that’s neither here nor there.
As of right now, we are living in the best of times. If you’ve been a Financial Samurai reader for at least a year or are a reasonably savvy investor, your net worth should be hitting new record highs. In turn, the amount of investment income you’re generating in order to live free should also be generating new record amounts.
With the Fed now firmly on our side, investors have gained new confidence in taking on more risk. Further, we can all earn risk-free money in our savings accounts at an interest rate substantially higher than the 10-year bond yield (2.4% vs 2.0%).
This double win is rare.
I’d like to offer up some thoughts on how to invest and spend in a bull market to live a better life. Because goodness knows, the good times can’t last forever.