Yen Carry Trade and Market Sell-Off

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A lot of money was raised in Japan at 0% interest rates and used to speculate in equities in other parts of the world.

The “Yen carry trade” refers to investors borrowing money at near-zero interest rates in Japan, and then redeploying that cash into higher-yielding assets around the world, such as stocks and bonds.

Typically, the Japanese yen carry trade is where the cheap cash raised in Japan is redirected into higher-yielding US Treasury notes, with investors collecting the difference between the interest rates set by the Bank of Japan and the Federal Reserve. But, the yen carry trade had spilled over into other assets like stocks.

On Monday, the Bank of Japan unexpectedly raised interest rates 15 basis points last week amid the prospect of rate cuts by the Federal Reserve, the yen has strengthened. That’s sparked a wave of margin calls, leading to speculators unwinding their positions and selling stocks.

The equity market selloff was to a large extent attributable to the unwind of the yen carry trade.

References:

  1. https://markets.businessinsider.com/news/stocks/stock-market-crash-yen-carry-trade-unwind-fed-japan-rates-2024-8

Success Lies in Your Mindset and Habits

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Some people stop because it’s hard while some people start because it’s hard. The difference between those who give up and those who push through challenges lie in their mindset and habits.

If you feel that you are still stuck in the same place as you were last week, last month, last year, etc etc.

Then you blame everyone and everything else as to why you aren’t where you want to be, and why you aren’t making progress, taking zero accountability for yourself which keeps you stuck in the same place.

It’s time to realize that achieving your goals and realizing your future lies within you and your ability to “think” to “achieve”.

If you are someone who’s struggling in your business, career or life goals or you are afraid to try something new….please know the only problem is you and the problem lies within you.

Harsh truth…It’s time to work on your mindset and habits..especially if you want to attain any desire goal or level you aspire to achieve!

Your mindset and habits are not in the place that allows you to try something new such as starting that online business or workout program or continued progress and success within your goals.

Instead of seeing challenges and obstacles as roadblocks, successful individuals view them as opportunities for growth and learning.

When faced with a tough situation successful people don’t back down – they rise up to the challenge to show what they are truly capable of.

It’s time to work on your habits, thoughts and mindset!

Because, It’s your thoughts, beliefs, mindset, and the consistent actions and systems you put in place that truly shape your life.

As James Clear, in his book “Atomic Habits,” said:

“You do not rise to the level of your goals. You fall to the level of your systems (habits).”

Clear emphasizes the importance of surrounding yourself with people who have the habits you want to have and empathizes the transformative potential of small, consistent improvements.

References:

  1. https://x.com/devinkkilgore/status/1817305137725235250
  2. https://jamesclear.com/quotes/you-do-not-rise-to-the-level-of-your-goals-you-fall-to-the-level-of-your-systems

Grateful People Are Happier and Healthier

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A growing body of research suggests that maintaining an attitude of gratitude can improve psychological, emotional and physical well-being.

Adults who frequently feel grateful have more energy, more optimism, more social connections and more happiness than those who do not, according to studies conducted over the past decade. They earn more money, sleep more soundly, exercise more regularly and have greater resistance to viral infections.

Researchers found that gratitude brings similar benefits in children and adolescents.

Kids who feel and act grateful tend to be less materialistic, get better grades, set higher goals, complain of fewer headaches and stomach aches and feel more satisfied with their friends, families and schools than those who don’t, studies show.

Philosophers as far back as the ancient Greeks and Romans cited gratitude as an indispensable human virtue, but social scientists, such as Robert Emmons, a professor of psychology at the University of California-Davis and a pioneer in gratitude research, and Jeffrey J. Froh, an assistant professor of psychology at Hofstra University in Hempstead, N.Y.

The research is part of the “positive psychology” movement, which focuses on developing strengths rather than alleviating disorders.

Cultivating gratitude is also a form of cognitive-behavioral therapy, which holds that changing peoples’ thought patterns can dramatically affect their moods.

Much of the research on gratitude has looked at associations, not cause-and-effect relationships; it’s possible that people who are happy, healthy and successful simply have more to be grateful for. But in a landmark study in the Journal of Personality and Social Psychology in 2003, Dr. Emmons and University of Miami psychologist Michael McCullough showed that counting blessings can actually make people feel better.

References:

  1. https://www.wsj.com/articles/SB10001424052748704243904575630541486290052

Gratitude Makes You Wealthy

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“Learn to be thankful for what you already have, while you pursue all that you want.” —Jim Rohn

Gratitude makes you feel good and there are concrete benefits to being grateful that translate into real-world prosperity and well-being. And, habits that cultivate gratitude benefit everyone.

Pam Grout, author of Thank and Grow Rich: A 30-Day Experiment in Shameless Gratitude and Unabashed Joy says that “Gratitude is causative energy. It plants seeds that grow into unlimited abundance.” She points out that being thankful can increase many different kinds of capital: financial, spiritual, social, creative, even adventure capital!

Gratitude opens the door for good results in every area of life. Not only can gratitude can increase your financial wealth, it increases your well-being spiritually, mentally, socially, and physically. This equates to wealth and makes for a truly rich life!

Successful business owner May McCarthy describes in her book, The Path to Wealth, how her own gratitude practice has led to increased spiritual connection, prosperity, and a well-honed intuition.

A growing body of research suggests that maintaining an attitude of gratitude can improve psychological, emotional and physical well-being.

Adults who frequently feel grateful have more energy, more optimism, more social connections and more happiness than those who do not, according to studies conducted over the past decade, writes Melinda Beck in the Wall Street Journal.

Research over the last several years has shown overwhelming benefits. The Wall Street Journal reports that an attitude of gratitude can help people experience more energy, greater optimism, more social connections, and more happiness.

In Berkeley’s Greater Good Magazine, gratitude researcher Robert Emmons says that those who practice gratitude consistently:

  • are more helpful, generous and compassionate
  • are more forgiving of others
  • experience greater joy and pleasure
  • are more outgoing and less likely to feel lonely or isolated
  • have stronger immune systems
  • experience fewer aches and pains
  • report lower blood pressure and
  • sleep more soundly.

References:

Thank and Grow Rich: 7 Ways Gratitude Makes You Wealthy

 

  1. https://www.wsj.com/articles/SB10001424052748704243904575630541486290052

VA Nexis Letter and Sample

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A Nexus Letter is a critical medical document linking a veteran’s disability to their military service, often crucial for VA disability claim approval.

A Nexis Letter should be composed by a qualified doctor, including a comprehensive review of the veteran’s medical and service records, to assert the service connection of the disability. In other words, a Nexus Letter provides an expert opinion on whether your disability is service-connected. Here are some key points about Nexus Letters:

  1. Purpose: A Nexus Letter establishes a connection between your disability and your time in service. It’s especially important if you didn’t receive a diagnosis until after your military service or if you’re filing a secondary service-connected claim related to an existing disability.
  2. When Needed: You’ll likely need a Nexus Letter if your condition isn’t explicitly documented during service or isn’t on the VA’s list of presumptive conditions for service connection. Without a Nexus Letter, your chances of claim approval decrease significantly.
  3. Content: A Nexus Letter should be factual, concise, and specific. It ties your disability directly to your military service based on the doctor’s examination and review of your medical records.

Remember, including a Nexus Letter with your VA disability claim enhances your chances of approval. If the VA denies your claim, it can also be valuable evidence for an appeal. 🇺🇸

Here is an example of a nexus letter that contains all the appropriate elements.

DATE _________________

Reference: (Veteran’s name) _________

SS# ________ VA File # _______________

To Whom It May Concern,

I am Dr. _________.  I am board-certified in my specialty. My credentials are included. I have been asked to write a statement in support of the aforementioned Veteran’s disability claim.

I have personally reviewed their medical history. (Name the Documents) I have also reviewed and noted the circumstances and events of their military service in the years ____________ (Event or Events claims as the cause of the condition) while they served during their military service. (List dates of service)

Mr/Ms/Mrs. ________ has been a patient under my care since (enter date). Their diagnosis is ___________ (Name the Condition).

I am familiar with their history and have examined Mr/Ms/Mrs. ________ often while they were under my care. (Specify Lab Work, X-rays, Etc.)

Mr/Ms/MRS. ________ has no other known risk factors that may have precipitated their current condition.

After a review of the pertinent records, it is my professional opinion that it is at least as likely as not that Mr/Ms/Mrs. ________’s condition is a direct result of their (Event) as due to their military service.

Based on my personal experience and the medical literature, it is known (Provide a rationale).

Signed,

Dr. ______

  1. https://veteransguide.org/va-disability/nexus-letter/

10 Powerful Lessons from The Little Book That Still Beats the Market

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Here are 10 powerful lessons you might glean from Joel Greenblatt’s The Little Book That Still Beats the Market:

Value Investing Strategies

1. Focus on Quality and Bargains: The book champions value investing, where you buy stocks of high-quality companies at a discount to their intrinsic worth.

2. The Magic Formula: Greenblatt introduces his “Magic Formula,” a ranking system that identifies stocks with good earnings yield (earnings per share divided by share price) and high return on capital (a measure of profitability).

3. Simple Yet Effective: The Magic Formula is a straightforward approach that can be applied by investors of all levels of experience.

4. Long-Term Investment Horizon: The book emphasizes a long-term investment approach, focusing on holding stocks for several years to benefit from company growth.

Disciplined Investing Practices

5. Diversification: While the Magic Formula helps identify undervalued stocks, The Little Book That Still Beats the Market also emphasizes diversification to spread risk across different companies and sectors.

6. Patience and Emotional Control: Value investing requires patience and discipline. The book discourages reacting to market fluctuations and encourages sticking to your investment plan.

7. Low-Cost Investing: Greenblatt advocates for minimizing investment fees and expenses to maximize your returns.

Value Investing Philosophy

8. Margin of Safety: The book emphasizes the importance of buying stocks with a “margin of safety,” meaning the price you pay is significantly lower than the company’s intrinsic value.

9. Thinking Like a Business Owner: Value investors approach the stock market as buying ownership in businesses, not just trading pieces of paper.

10. Beating the Market, Not Timing It: The book focuses on building wealth through a long-term value investing strategy, not attempting to time the market.

Additionally

• Greenblatt’s approach has been successful for him and some investors, but past performance is not a guarantee of future results.

• The book offers a clear and concise introduction to value investing principles.

By reading The Little Book That Still Beats the Market, you can gain valuable insights into value investing strategies, understand the Magic Formula, and develop a disciplined approach to building wealth through the stock market. Remember, investing involves inherent risks, so it’s crucial to do your own research and understand your risk tolerance before making any investment decisions.

BOOK:https://amzn.to/4d8bD0Q

You can also get the audio book for FREE using the same link. Use the link to register for the audio book on Audible and start enjoying.

Your Mind is Powerful

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Your mind is powerful. What you spend your time thinking about manifests itself into reality. So focus your mind on what you really want in life, and make it happen.

You spend so much mental energy on your fears, worries, disappointments, and regrets.

To reach any goal, you must decide that it’s yours.

Once you make a commitment and focus on it every day, you will find the forces of the universe bringing that goal to you. With your thoughts tuned in to your goal, you form a keener awareness and opportunities you never noticed before.

Define your goal, focus on it, and prepare to succeed.

John D. Rockfeller and The Rockfeller Foundation

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John D. Rockefeller was the richest person in American history, with an estimated net worth of $340 billion in today’s dollars.

John D. Rockfeller (July 8, 1839–May 23, 1937), the founder of Standard Oil, was once the richest man in the world. He was the world’s first billionaire.

“He amassed a net worth of at least $1 billion in 1916. When Rockefeller died in 1937, his net worth was estimated to be approximately $340 billion in today’s dollars.”

By the age of 25, he had one of the largest oil refineries in the United States. He was 31 when he became the world’s largest oil refiner. At 38, he controlled 90% of the oil refined in the United States. At fifty, John was America’s richest man. As a young man, every action, attitude, and connection was crafted to establish his wealth.

But at the age of 53, he fell unwell. His entire body became wracked with pain, and he lost all his hair. In total anguish, the world’s lone millionaire could buy anything he wanted but could only eat soup and crackers.

According to an associate, “He couldn’t sleep, wouldn’t smile, and nothing in life meant anything to him”. His personal, highly trained physicians indicated that he would die within the year. That year passed painfully slowly. As he approached death, he awoke one morning with the faint understanding that he would not be able to bring any of his fortune with him to the next world.

The man who could dominate the commercial world suddenly realised he had no control over his personal life. He informed his solicitors, accountants, and management that he intended to devote his assets to hospitals, research, and charity work. John D. Rockefeller started his foundation.

The Rockefeller Foundation financed Howard Florey and his colleague Norman Heatley’s penicillin research in 1941. But arguably the most astounding aspect of Rockefeller’s narrative is that when he began to give back a fraction of all he had gained, his body’s chemistry changed dramatically, and he recovered.

He was expected to die at the age of 53, but he survived to reach 98 years old. Rockefeller learnt gratitude and returned the great bulk of his money. This made him whole. It’s one thing to be healed. It is another to become fit. He was a devout Baptist who attended the Euclid Avenue Baptist Church in Cleveland, Ohio.

Before he died, he wrote in his diary: “God taught me that everything belongs to Him, and I am merely a conduit to carry out His will. My life has been one long, happy holiday since then; full of work and play, I let go of my worries along the road, and God was wonderful to me every day.

“Who is the poorest man in the world? I tell you, the poorest man I know of is the man who has nothing but money.” ~ John D Rockefeller

10 tips to increase your fluid intake

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July 10, 2024
Kathryn Szklany
Registered Dietitian, Syracuse VA

Summer has arrived, and that means hot days and more time outside. As we spend more time outside, it’s easy to forget about keeping your body hydrated. Hydration is important for controlling body temperature, supporting brain health and can even help with reducing joint pain.

Adults 60 years and older are at increased risk for dehydrationrelated to a drop in thirst levels and lower muscle mass. Fluid needs vary from person to person based on many different factors. Generally, healthy women need about 9 cups of water per day and healthy men need about 13 cups per day.

An easy way to tell if you are getting enough water is by checking the color of your urine. If you are drinking enough water, your urine will be a pale-yellow color (like lemonade). Anything darker means you should increase your fluid intake. Dehydration is the lack of water in the body and even mild dehydration can decrease your energy levels and make you feel tired.

If you don’t enjoy drinking water, then milk, juice, sports drinks, herbal teas and coffee can all contribute to your total water intake. It’s important to remember that some of these beverages do contain added sugars.

10 tips to increase your fluid intake:

  1. Carry a refillable water bottle.
  2. Don’t wait until you’re thirsty, drink water throughout the day.
  3. Drink water when you first wake up.
  4. Drink water at all your meals.
  5. Eat foods that are high in water content, such as juicy fruits and vegetables (Grapes, melon, cucumbers, lettuce, celery, pineapples).
  6. If you struggle to drink water, alternate your drinks. If you drink juice or soda, challenge yourself to have a cup of water as your next beverage.
  7. Add fruit to your water to jazz it up. Slices of lemon or oranges can be a fun way to add a little flavor to your water.
  8. Dilute juice with water or use club soda.
  9. Set a timer on your phone or watch to remind yourself to hydrate throughout the day.
  10. Set a goal on how much fluid you’re going to drink in the day.

To learn more about hydration or another nutrition-related topic, contact your local VA to speak with a registered dietitian.

References:

  1. https://news.va.gov/132742/summer-is-here-stay-hydrated/

Good Habits to Embrace

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The biggest improvement in your life will come when you realize that happiness and contentment are just a byproduct of good habits.

Say No by Default

Your time’s precious: don’t give it to people who don’t deserve it. Especially to Energy Vampires who drain your energy.

Conquer FOMO and put yourself first – make it your rule of thumb that  if it’s not a “no brainer” yes, then it’s a no.

Choose Writing Over Complaining

Complaining isn’t attractive – it repels ambitious people and fosters a negative mindset.

Write down your thoughts instead: you’re forced to think slowly and deeply so your irrationality loses its edge.

It’s the therapy your therapist uses.

Prioritize Nature

A study of 20,000 people in the UK found that 120 minutes/week in nature improved health and well-being.

It’s the planet’s greatest healer.

Whenever you’re in a rut, time in nature will always spark the return of color to the gray.

Pay it Forward

Random acts of kindness boost well-being:

• Holding the door for someone
• Picking up trash outside
• Giving a compliment

The world’s a closed system: if you send waves of positivity out, they’ll find their way back to you.

Maintain Relationships

Human connections are the fabric of life – but you need to be intentional with them amidst life’s chaos.

So schedule time weekly for thoughtful texts and calls to those you’ve neglected.

It’s a couple of minutes with an ROI you’ll measure in years.

Focus on Your Health

I’m convinced most mental health problems are actually physical health problems. Everyone I know who:

• Eats well
• Exercises daily
• Drinks enough water

Has a Teflon mind that repels all negativity.

https://x.com/masculinepath04/status/1810924943191806061