📈 The Downsides of Diversification

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Good Morning!

We've got some spicy updates in this newsletter that you won't wanna miss. First up, Sam Altman's back in the CEO saddle at OpenAI, in a drama that's chaotic enough to rival a soap opera! I mean, fired, hired by Microsoft, then rejoining OpenAI?—talk about a power move!

Then, hold onto your portfolios because we're delving into the not-so-glamorous side of portfolio diversification. But wait, house hunters, don't despair! Despite the housing hullabaloo, we've got four juicy reasons why now might just be your golden ticket into the homeowners' club.

Grab your oat milk cappuccino and let's get into it! ☕️👇️
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Where Diversification Meets 12.1% Cash Returns 📈

Stocks: Shaky. Recession Fears: Mounting. 

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Markets

5 things to know before the stock market opens Tuesday (5 minute read)
Alright, folks, buckle up for today's trading highlights! So, stocks are doing their happy dance, with the Dow doing a little victory lap, S&P 500 and Nasdaq showing off their winning streaks. Meanwhile, over in the tech world, Microsoft's CEO is diving into the OpenAI buzz, and retailers like Lowe's and Best Buy are spilling the beans on their earnings. Oh, and don't snooze on Nvidia—they're set to reveal their earnings after the closing bell. Time to grab that popcorn and see how this trading day unfolds!

Investing

Sam Altman Returns as OpenAI CEO in Chaotic Win for Microsoft (3 minute read)
Hold onto your hats, folks! OpenAI’s making waves with a comeback story that could rival a Hollywood plot twist. Sam Altman's strutting back in as the big cheese CEO, while Bret Taylor, the ex-co-CEO of Salesforce Inc., is taking the directorial reins with a star-studded board, including Larry Summers and Adam D’Angelo of Quora fame. The gossip mill's on fire as OpenAI revamps its whole shebang, but details are still cooking, according to their post on X (formerly known as Twitter). Talk about a rollercoaster ride for Silicon Valley's drama enthusiasts!

I Own 46 Stocks -- but These Are the 3 I Can't Stop Buying in 2023 (5 minute read)
Looks like we've got the golden trio here—three stocks stirring up a mix of value and growth potential that's catching everyone's eye. It's like Warren Buffett's secret sauce—concentrated portfolios paving the way for success. This analyst's got skin in the game, loading up big time on a handful of top-notch picks. First up on the shopping spree: Walgreens Boots Alliance (WBA), where they've been on a three-month buying bonanza. And that's not all—their crush on furniture retailer Lovesac (LOVE) seems unstoppable, making it a recurring star in their 2023 portfolio lineup.

The Downsides of Diversification (10 minute read)
Ah, the age-old wisdom of diversification—it's been around since the days of Harry Markowitz rocking the investment world in the 1950s with his “optimal” portfolio wizardry. The guy even bagged a Nobel Prize in Economics in the '90s for his brainchild, modern portfolio theory (“MPT”). Sounds dreamy, right? Well, turns out, applying this theory isn't all rainbows and unicorns. Nick Maggiulli stumbled upon some real-world hurdles in making this diversification magic work in practice, and he’s ready to dive into the nitty-gritty.

Money

4 Reasons It's Actually a Good Time to Buy a House (for Some People) (8 minute read)
Seems like the housing scene is giving everyone a case of the jitters—record numbers of Americans feeling hesitant about jumping into the home-buying hoopla. And who can blame them? Housing costs are sky-high, mortgage rates are waving from the stratosphere, and the typical American home is playing the inflation game, shooting up by a whopping 40% in just four years to a hefty $394,300. But hey, here's the twist: while it might seem like a tough time for many eager homebuyers, the experts have a silver lining. For those brave souls ready to weather the storm, this nerve-racking market actually spells opportunity. With fewer folks diving in, there's a secret weapon—less competition and a whole lot more bargaining power for those willing to roll up their sleeves and dive in.

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