The poor love to focus on cutting coupons. None of my middle class friends have ever discussed cutting coupons points with me. No shit!

What confidence did paying off the mortgage provide that cash used to pay it off could not? Why could you not start the business with cash used to pay mortgage off? Purely emotional decision. Personal finance means keep emotions aside and let numbers guide you.

I have two stacks on my desk. The left stack is financial disclosure forms from members of Congress. The right stack is waivers for members who filed their financial disclosures late. The right stack is always taller. On Wednesday morning, I watched a soldier get arrested on CNN. I am a Disclosure Analyst for the House Ethics Committee. I have held this position for eleven years. My job is to receive the forms, verify their completeness, and file them. I do not investigate. I do not flag. I do not refer. I file. I have a lanyard. The lanyard says ETHICS. The soldier's name is Gannon Ken Van Dyke. He is thirty-eight years old. He was stationed at Fort Bragg. He was Special Forces. In December, he created an account on a prediction market called Polymarket. On January 2nd, he bet $32,500 that the president of Venezuela would be removed from power. On January 3rd, he helped remove the president of Venezuela from power. He collected $409,881. He has been charged with five federal crimes. Commodities fraud. Wire fraud. Unlawful use of confidential government information. Theft of nonpublic government information. Unlawful monetary transaction. The Department of Justice called it "the first-ever insider trading prosecution on event contracts." I watched this on the television in our break room. Then I walked back to my desk and processed a late financial disclosure from a member of the House Financial Services Committee who purchased $250,000 in bank stocks eleven days before his subcommittee held a closed-door hearing on proposed capital reserve changes. The filing was forty-seven days late. The STOCK Act requires disclosure within forty-five days. The penalty for late filing is $200. I waived it. I waive most of them. In 2021, fifty-four members of Congress and senior staff violated the reporting rules. The fines were minimal. Most were waived. I have a form for the waiver. The form has a box that says "Reason." I write "administrative delay." In ethics, "administrative delay" means the member's office forgot and then remembered when a reporter called. My approval rate is one hundred percent. In any other field, that number would trigger an audit. In mine, it is called thoroughness. Let me show you what I processed this year. January. A senator on the Armed Services Committee sold defense contractor shares worth $1.2 million. Three days later, his committee received a classified briefing that the Iran campaign had exceeded its projected cost by 340%. The stock dropped 8%. He filed the disclosure sixty-one days late. I calculated the fine. $200. His chief of staff asked if it could be waived. He did not ask what the senator traded on. Nobody asks that. The form does not have a field for it. I waived the fine. The senator's portfolio returned 23.4% in 2025. The S&P 500 returned 16.8%. February. A representative on the Energy and Commerce Committee bought pharmaceutical stocks worth $400,000. Two weeks later, her committee advanced a bill that would extend patent exclusivity for the exact drug class she purchased. The stocks rose 14%. She filed on time. There was no fine. There was no investigation. There was nothing to investigate because buying stocks in companies regulated by your own committee is not illegal. It is legal. The STOCK Act made it legal by making it disclosed. In Congress, disclosed means legal. In my office, legal means filed. March. A member whose spouse manages a portfolio worth $9.2 million reported forty-three separate transactions in a single quarter. Twelve of them were in sectors directly affected by legislation the member co-sponsored. The timing on eight of those twelve was within a two-week window of committee action. I logged all forty-three. None were flagged. We do not flag. We file. I asked my supervisor once what would happen if I flagged a filing. She said we do not have a form for that. I never asked again. In 2020, I processed 847 disclosures. In 2023, 1,211. In 2025, 1,614. The number of enforcement actions in each of those years was zero. The numerator changes. The denominator does not. I want to tell you about the soldier again. He made $409,881. He tried to delete his Polymarket account by calling customer service and saying he lost access to his email. He moved his profits into a foreign cryptocurrency vault and then into a new brokerage account. He used his real identity. He placed thirteen bets. Every single one was connected to an operation he personally participated in. In my eleven years, I have processed disclosures from members of Congress who traded on: Pending FDA approvals they learned about in committee. Defense appropriations they voted on. Trade policy they negotiated. Pandemic response measures they drafted. Interest rate decisions they were briefed on before the public. None of them have been charged. None of them have been investigated by the Department of Justice. None of them have been referred to the SEC. The STOCK Act has produced zero prosecutions since it was signed on April 4th, 2012. Fourteen years. Five hundred and thirty-five members. $635 million in trades last year alone. Zero cases. My daughter asked me once what happens when someone breaks the rules. I told her we write it down. She asked what happens after that. I said it depends. She was nine. She is twenty now. It does not depend. Nothing happens after that. The soldier made $409,881 and faces decades in prison. Nancy Pelosi entered Congress in 1987 with a portfolio worth approximately $785,000. It is now worth $133.7 million. That is a return of 16,930%. The Dow Jones returned 2,300% over the same period. Professional fund managers who beat the market for three consecutive years are considered exceptional. She has beaten it for thirty-seven. If a hedge fund produced those returns, the SEC would subpoena the records on a Thursday. She produced them from a building with a chapel and a gift shop. She announced her retirement last year. No investigation was opened. No disclosure was flagged. Her filings were on time. In my office, on time means compliant. Compliant means closed. I want to tell you about the fine. $200. That is the maximum penalty for violating the STOCK Act's disclosure requirements. $200 for a member of Congress whose portfolio gained $4.7 million in a single quarter. I calculated what $200 represents as a percentage of $4.7 million. It is 0.004%. I could not find a comparison that made it meaningful. It is less than the price of the parking pass in the Rayburn garage. It is less than lunch at the members' dining room if you order the crab cakes, which I am told are excellent though I eat at my desk. Since 2012, thirty-one bills have been introduced to restrict congressional trading. I keep a list. The list is longer than the STOCK Act itself. On March 5th, 2026, a representative from Michigan introduced the thirty-second. He called it the "No Getting Rich in Congress Act." The bill would prohibit the President, Vice President, members of Congress, and their spouses from trading individual stocks, cryptocurrency, futures, and commodities while in office. The bill was referred to committee. The committee has not scheduled a hearing. The committee is chaired by a member whose spouse executed $2.1 million in trades last year. The bill will be reviewed. In my office, reviewed means read. Read means acknowledged. Acknowledged means a status has been assigned. A status is the absence of an action that has been given a name so it looks like one. The soldier used classified information to make $409,881 on a prediction market. He has been charged with five federal crimes. The Department of Justice announced the case on the same day I processed three disclosures from members who traded on committee knowledge worth a combined $3.8 million. The difference between the soldier and the members is not what they did. It is the building they did it in. He did it from Fort Bragg. They did it from the Capitol. He used a prediction market. They used the New York Stock Exchange. He bet on a military operation. They bet on the legislation they write. He did not write the law. They did. They wrote the STOCK Act. Then they funded its enforcement at zero dollars. Then they set its maximum penalty at $200. Then they gave my office the authority to waive it. Then they traded $635 million. The soldier flew to Caracas. He breached a compound. He put his body between a mission and a bullet. The people who ordered the operation were in a building with a credenza and sparkling water. They did not go to Caracas. They went to their brokerage accounts. The soldier made $409,881 and is now in federal custody. The people who knew what he was going to do before he did it made more and filed less. His prosecution is not a failure of the system. It is the system. One conviction per decade, at the lowest level, so the briefing slides can say enforcement exists. The $409,881 is not the crime. It is the cost of making $635 million look supervised. In my field, we call this self-regulation. The soldier's Polymarket account has been frozen. His military career is over. He will spend years in federal prison. My office will process every congressional disclosure filed this year. Every trade logged. Every $200 fine calculated and waived. The system is immaculate. Fourteen years. Zero prosecutions. $635 million a year. A 16,930% return. I have not leaked a document. I have not filed a complaint. I have not deviated from the process one single time. The process was written by the people whose forms I process. As long as the disclosures go up and the cases don't, my performance review says I am meeting expectations. My lanyard still says ETHICS. In eleven years, nobody has asked me to define the word.

$CSCO at the price still it reached 25+ yrs ago during the peak of the dot com bubble! I call the top! 😉

Is this time different? Yes. Because each time is different. Dot com bubble in 2000s, financial crises in 08, Covid in 2020. Although the market recovered quickly and strongly after Covid, you need to be prepare for a long and slow recovery that could last many years. #SP500

Will we hit the circuit breaker today? #tarrifs

The Atlanta FED GDPNow forecasts a -2.8% growth in Q1. atlantafed.org/cqer/research… So what can you do? For index fund investors, not much. Just keep buying through thick and thin. And try to get some foreign stock exposure if you haven't already. #SP500 #tarrifs

One of the most patriotic things you can do, apart from serving in the armed forces, is to pay your taxes! Honestly and timely. #TaxSeason

The thing $TSLA had going for it was the growth. Where is it going to come from now?

Wow! Such round numbers!

How about making actual money for her investors?

Not too long ago, Cathie Wood team at $ARKK had a 2026 price target of $1500 on $ZM. She closed out at $68. Bought at $280. ark-invest.com/articles/valu…

Only if there was a half decent acquisition that $AAPL could do to make some headway in the streaming space! $PARA

#SP500 will go up and down. The best thing for an individual investor is to keep buying consistently.. every month through all-time new highs and blood curdling drops. 30 years later, you will have enough.

Your home is an asset. The mortgage loan is the liability. Learn the basic stuff first!

On a day like today, my portfolio of stocks is only down 0.2%. 22% in bonds $LMT $T $PFE $HSY $CVS $MKL $EXPD ended in green today #SP500 Yes, I have underperformed the market slightly this year. But the portfolio is defensive by design

So exciting. Maybe the humanoid robots can double as a robo taxi and carry people around! $TSLA

I have been only using the Following tab here. Accidently, went to the For You tab today. Christ, what a shit show. I will probably log off for a few days now to recover.

A good reminder about dividend investing! $WBA

It's very easy to say ETF and chill, but it's incredibly difficult to follow. Requires much emotional fortitude. Remember, building generational wealth is a slow (and boring) process. The first rule is to not lose money.