Investing Thread

[MU82]

Funny responses!

A few minutes ago. I got this email:


Earlier this morning, we sent an outdated tax planning email. Our apologies for any confusion that may have caused—we got a little ahead of (or behind) ourselves.

We plan to send an update next week with resources available to you on Vanguard's tax center, accessible online and through the mobile app.

Ha! Mistakes happen. I like the way they kinda poked fun at themselves.

[MU82]

From the Axios morning e-newsletter:

For the bottom 50%+ ... their income is up about 4% year-over-year before inflation, lower than the growth for their richer friends. But they're often burning through any increase to keep pace with inflation for food and energy.

If they don't own a house, rents are high. And the surging stock market does little for them. The bottom 50% of Americans own a measly 1% of all U.S. stocks.

When Nvidia or Microsoft adds $1 trillion in market cap, it does nothing for the bank accounts of half the country.

Roughly 40% of Americans couldn't cover a $400 emergency expense without debt.
So it's no wonder working-class or lower-income Americans are downbeat, and fear AI wiping away their jobs or making matters worse.

During the AI bounce of the past two years, the top 10% of households saw their wealth increase by $5 trillion in a single quarter (Q2 2025), while the bottom 50% saw a gain of just $150 billion.