Hello, my friend! Dave Smith here, doing my best Phil Rosen impression. I'm a deputy editor at Insider who helps oversee our newsletters, but I've worn plenty of hats around here. Previously, I was an audio-news host, tech editor, senior correspondent, and tour guide for CES.
Happy President's Day. I hope you're doing something president-y to celebrate. Maybe you're listening to the 1995 classic album "The Presidents of the United States of America" by the band of the same name, in which case, my goodness do you have good taste.
Phil and the rest of the newsletter squad are off today, but here are six (not 10 today, sorry!) of my favorite markets and investing reads — just for you.
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1. Warren Buffett sees the future. They don't call this guy the Oracle of Omaha for nothing. We picked out 12 of Buffett's most intriguing predictions from over the years, and assessed their accuracy. Take a look.
2. A stock trader built his strategy into real software. Gemy Zhou built a program to automatically buy and sell risky penny stocks for optimal profits based on 20 to 30 data variables. You might want to listen to what this guy says — he returned 440% last year. Read more.
3. This couple in their 30s paid off their $234,000 mortgage in five years. Brennan and Erin Schlagbaum went from being deep in debt to a net worth of over $1 million. They got there by investing the majority of their income in index funds. Check out their strategy.
4. The most accurate forecaster among major Wall Street strategists predicts more declines ahead for the S&P 500. Morgan Stanley's Mike Wilson says forward earnings growth is now negative — and each of the four times that's happened since 2000, stocks have sold off. Here's what else he said.
5. A 29-year-old trader followed in his father's footsteps — and he's been profitable for four straight years. Sean Ryan returned 132% in 2022. Here are his top tips for profiting, regardless of the market conditions
6. ChatGPT's 5-part strategy for balancing a portfolio. OpenAI's buzzy chatbot is everywhere these days, so why not put it in charge of your investing strategy? Insider's Phil Rosen — hey I know that guy! — asked ChatGPT for advice. Here's what he got.
Curated by Dave Smith in Toronto. Feedback or tips? Email [email protected] or tweet @redletterdave. Edited by Lisa Ryan in New York.
