Hey, it’s Dan (with my dad, Steve)
Welcome to the very first MBMC issue!
This issue got a little nerdy (shocker). Here’s what we dug into:
💡 The S&P 500 “diversification” myth — 12 companies basically run the show.
📊 Buffett’s 15x rule vs. today’s ETFs — why Dad calls half the market “overpriced.”
🏢 Why boring might be the new sexy — JEPI, VTI, and REITs that pay you to wait.
👉 All that and more below.
Money Concept: How to Evaluate an ETF
Dan (Millennial):
“Most people just buy SPY in their 401k and call it diversification. But here’s the kicker — 12 companies make up 40% of it.”
Steve (Boomer):
“Exactly. That’s why you look under the hood — valuation, growth, dividends, and weighting matter, even for ETFs. Take Buffett’s 15x rule: a lot of big names are way overpriced compared to their growth. That overpricing trickles right into the ETFs holding them.”
📈 Example ETFs (Simplified)
SPY (S&P 500): Broad coverage, but heavy in giants like Apple, Nvidia, and Microsoft.
JEPI: Focused on income, using covered calls to generate higher yield.
VTI: The total market fund — all U.S. stocks, low fees, steady growth.
Takeaway: Don’t just buy an ETF by its name. Look under the hood: weighting, valuation, dividends, and fees all matter.
Why Boring Might Be the New Sexy
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PS: We read every reply.
Choneyboy suggested we cover how to open an investment account for a child under 18 — and we will.
What would you like us to cover? Hit reply and let us know.
— Dan & Steve
⚠️ Not financial advice. Education & community only.
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