Tag Archives: Higgins Capital

Party on Garth

The Economy: The economy appears to be expanding quite nicely and business optimism continues to rise as it approaches new records. The Left Coast, with its gateway to Asian trade, technology and Pentagon spending continues to boom along. Construction cranes fill the skies. New homes are stuffed into every nook and cranny. Roadwork and infrastructure projects are everywhere. New cars abound. Recently launched multi-million dollar yachts overwhelm the docks. Planes are jammed. Restaurants are packed. Exotic vacations are booked years ahead. The stock market confirms this rock ‘n roll fantasy narrative with many indices at or near their highs. Understand that only 3 tech stocks account for 70% of index gains this year. So the question is, “Can you be a cockeyed optimist and a contrarian at the same time?” The answer is yes. Now we’re entering earnings season with projections for year-over-year increases of 20%, Is this the beginning, the end of the beginning or the beginning of the end. Only Elon Musk knows for sure. China, Russia, North Korea, Syria, Turkey, UN, NATO, Trade Wars, Immigration Wars, SCOTUS Wars, Mid-Term Election Wars, Culture Wars, Religious Wars … and rising interest rates. Not to worry.

Food for Thought: Youth is wasted on the young and the wisdom of the ages is simply wasted. We will continue to emphasize the importance of interest rates and what the yield curve is telling us. While there will always be a bull market somewhere, most investors have a significant portion of their financial assets in fixed income. The old saw, “Stocks, bonds and cash.” The beginning point for most portfolio allocations is about 40% in fixed income; e.g. the bond market. So when I emphasize having an exit strategy, I’m particularly talking about having an exit strategy for fixed income.  Contact me if you have questions on how to risk proof your portfolio.

Ray Higgins on The 3-Rules of Money

The Economy: The economy continues to expand, the deficit continues to grow and the Fed continues to tighten. Sooner or later the tightening will bite … if Fed Chairman Powell can hold the line and not initiate QE-4 at the slightest hint of economic distress. What … worry? Every investor knows the Bull is long in the tooth. The question on everyone’s mind is, “When do I sell and what do I do next?” The bi-polar investment community continues to parse goat entrails, tarot cards, cloud formations and sentiment at the bottom of wine bottles in the age old quest to divine the future of the economy and financial markets. Glass half-full or half empty … when’s the next leg up or when does it implode? Do you care … or is catching that flight to Kauai more important than risk-proofing your assets? The 3 rules of Money are simple to understand: a) 1+1 will always = 2; b) If it sounds too good to be it is; c) Save it or spend it. The time of buy and hold may be nearing an end after almost 10-years. Passive investing as well. Every market crash has produced an altered investment landscape. ETFs may be the wild-card here. Do you have your next move or are you gonna ride this rocket back down and into the ground? If you’re doing it right, you should be sleeping soundly because you have a high probability of achieving your goals. Can you handle the truth?

Food for Thought: How to transfer investment or retirement accounts: Recently we’ve fielded questions from investors who want to transfer their investment or retirement accounts to a new advisor. Retirees in a 401k, people changing jobs and investors who just want a change have the same question, “How do I move my account?” The answer is a simple and easy 3-step process:

Step 1: Open an account with your new advisor; 30-minutes.
Step 2: Email your most recent account statement to your new advisor; 30-seconds.
Step 3: Have your new advisor initiate the transfer process; 0.

The transfer process is seamless, automated and does not require you to have contact with the advisor you are leaving. Most accounts transfer through an automated process called the Automated Customer Account Transfer Service (ACATS). In most cases, the transfer is complete in three to six days. No muss no fuss; no tearful exit interviews; no broken hearts. No more cousin Billy, your advisor for decades, knowing too much about your personal affairs. Move on to the land of milk and honey. Just Do It!

Christoper Walken Dances on The Economy

The Economy: Economic numbers come in two broad categories: 1) Hard data such as trade balances or housing starts and 2) Soft data such as sentiment or confidence surveys. Hard data is based on numbers. Soft data is based on how the respondent is feeling at that moment in time. You can dispute the numbers but the argument will remain grounded in statistics. Surveys based on feelings are completely subjective and should be taken with a dose of skepticism. Numbers this week neatly fell into these two categories. Hard data was mixed with initial jobless claims up, existing home sales and durable goods down. Soft data and surveys were positive with optimism and odds of a December rate hike falling below 50%. Geopolitical concerns have continued to weigh on markets as NOKO, Iran and trade wars remain unresolved. Stocks swooned over the Italians … But it’s officially summertime so don’t worry be happy. Grab the beach toys and head for the water.

Food for Thought: In keeping with the never-ending 73-year old Italian Opera Buffa, check out the Video of the Week link below. Few know that Christopher Walken is an accomplished hoofer. Lighten your day and watch him here or there. Courage! The latest Sign of the Apocalypse is another Italian Meltdown. Financial markets are having a hissy fit. It’s almost as if traders are trying to stay relevant in a world where the only thing that matters is what the Central Banks are doing. … and that remains unchanged . The 2012 ECB vow that they will do “whatever it takes” to keep the punchbowl full of moonshine remains in force. With the exception of the Fed, global central banks remain committed to free-money, for all, forever. How this ultimately plays out is anybody’s guess. Many investors see asset bubbles in both stocks and real estate. Others see compelling bargains. Both have seen years of gains. But while we know that all trends reverse, we don’t see anything to indicate an inflection point. Pick your poison. … onward into the Summer Doldrums.

Music of The Week: Beegie Adair’s “Dancing in the Dark”

Video of The Week: Christopher Walken Dances

We Quarterback Money®

– Ray

Experts Weigh In

The Economy: We end the month of May with a review, since the election, of comments on the economy and the financial markets:
2016_11_09: Jeff Gundlach of DoubleLine: “Buy This Market on Trump, Growth and Inflation.”
2016_11_09: Stanley Druckenmiller: “Buy This Market.”
2017_01_31: Kyle Bass, of Hayman Capital Management: A lower corporate tax rate … will be “extremely stimulative.”
2017_02_02: Dan Loeb Hedgie: “The … election was the most significant event of the year …”
2017_02_08: Larry Fink BlackRock CEO: “I believe we’re in the midst of a slowdown … because of all the uncertainty.”
2017_02_12: Jim Rogers: “We’re about to have the worst economic problems of a lifetime … ”
2017_03_02: Raymond James’ Jeff Saut: “I’ve never seen anything like this market, so I’m not going to play.”
2017_03_09: Bill Gross Janus Capital Group: ”…our highly levered financial system is like a truckload of nitro glycerin on a bumpy road …”
2017_04_01: Jamie Dimon CEO JP Morgan: “It is clear that something is wrong” with the nation.”
2017_05_10: Jeff Gundlach of DoubleLine: “The VIX Is Insanely Low”
2017_05_09: Lloyd Blankfein Goldman Sachs CEO: … low volatility… is not a “normal resting state” for markets.
2017_05_09: Art Cashin, of UBS: “It’s not normal … people are so blasé about what’s happening,”
2017_05_13: Ray Dalio of Bridgewater: “…the downturn … will likely produce much greater social and political conflict than currently exists.”
2017_05_30: Paul Singer of Elliott Management: When, Trump’s pro-growth agenda fails to be implemented, “all hell will break loose” …
2017_05_31: Benjamin Bowler, Bank of America Strategist: …”these markets are very weird”… US equities continue to set long-term records for instability”…

Food for Thought: My original entry for this paragraph was a commentary on Kathy Griffin. However, the Higgins Capital editors/censors, comprised of my wife and daughter, redacted so much of my reaction to Griffin’s wanton act of pure evil and hatred that the result looked like something like this from the CIA: “At__point__. Ultimately__media__internet__; __silent__”high__What’s__Award.” Long story short, my rant on decency and graciousness ended up on the cutting room floor.

Music of the Week: Cat Stevens’ “Tea for the Tillerman”

Rio Olympics & Ballast Point Brewing

The Economy: The economy continues on its path of slow expansion with regional pockets of weakness and strength. If you live in Detroit things are grim. Likewise for California’s Central Valley. If you live in San Diego, well, you’re living in Paradise and the Livin’ is Easy. San Diego’s economy rests on the 3-legs of military spending, tourism and hi-tech/med-tech. Add craft beer to that trifecta with Ballast Point Brewing having recently been sold in a billion dollar deal. Entrepreneurs and their young families are flocking to the county as the allure of sun, surf, schools and simoleons resonates across the rest of the country.

Food for Thought: Economic news has been brushed aside by the 3-Ring Circus known as the 2016 Presidential Election. Who woulda thunk it. The preeminent military and economic power in the history of the planet boogying like a banana republic on steroids. Plato’s Cave would tell us that this is the end of the world as savages leap and yelp around the bonfire. But as the rest of the world looks on in stunned disbelief, we Americans know that this is simply the best and most original entertainment that we’ve seen in decades. Thank the gods for the station-break provided by the Rio Olympics.

Helicopter Money

The Economy: The U.S. economy is continuing on its path of sluggish growth. Once you dial-out the incessant noise you find that there’s been little change in trajectory. The End-of-The-World spasm that we saw with Brexit has been replaced with the usual complacency that central banks will provide additional trillions in debt to keep the global economy moving forward. Yet the Central Bank Follies are dwarfed by the global political circus. It’s May Day in Great Britain as the first woman PM since The Iron Lady, takes the helm. The Chinese claim to the South China Sea was slapped down by The Hague; a first step to internationally sanctioned military action. Our apolitical Supreme Court has jumped into Presidential Politics with one Justice proclaiming that The Donald is unfit to be President. In short, it’s business as usual.

Food for Thought: We continue to advise you to trust your personal experience as a guide to the direction of the economy. From a top-down perspective, the global economy appears to be slowing. Global stock markets are rallying in anticipation of increased central bank stimulus. To us, this is akin to giving a heroin addict more heroin. Though some indices have rallied to new highs, we find it noteworthy that many individual stocks and mutual funds have not participated in the party. For example: Citigroup is down 28% from its 2015 high; Boeing down 18%; Walmart down 19%. We remain cautious and advise taking profits. Restructuring your portfolio may be a prudent move.

Brexit Volatility

1981_09_15 Official Navy Lt Photo Guam

GO NAVY! BEAT ARMY!

The Economy: BREXIT!?! … or did it? Our poor Cousins across The Pond continue to spasm in the wake of last week’s vote. The end of the world scenario has been replaced by confusion, second guessing and dismissal by the Brits themselves. Talking heads are reveling in mindless chatter. The EU’s reaction has gone from “OMG No!!” to “Ok, if this is what you want, then get out now. We don’t want you hanging around.” Nature abhors a vacuum so the vacuous nonsense we’re hearing will eventually end. The consensus is that Brexit is an additional headwind for a global economy that’s already struggling with deflation. As with all things in life, there will be winners and losers. Because of this, we continue to emphasize that your personal experience is paramount. If Brexit is another headwind, then you must ask yourself which side of these headwinds am I on … With the Wind or Against the Wind?

Food for Thought: Preserving capital should now be your primary concern at this point in the economic cycle. Stock market indices are mixed as we end the first half of 2016; some up some down … and despite all the noise, multiple attempts to move to new highs have repeatedly failed. Investors should be leery of this repeated failure to move above year-old highs. Ask yourself, “What do I hope to achieve in a 7-year old, long-in-the-tooth, bull market. Clint Eastwood famously asked, “ … you’ve gotta ask yourself one question: “Do I feel lucky?”

God Bless America. Land of the Free; Home of the Brave! We have the best and brightest future at the dawn of the American Century. Have a Great 4th of July!

BREXIT

The Economy: Fed Chair Yellen appeared before Congress this week; Tuesday before the Senate, Wednesday before the House. Hostility towards Yellen was palpable with House members reducing her to confusion and gestures of helplessness. Global distain for authority in general and Central Bankers in particular was evident in spades. But the Mother of All Events was the Brexit vote on Thursday. Pollsters and pundits got it all wrong with their incessant predictions of a landslide win for “Remain.” Flashing the Longbowman’s “V” the Brits moved to reestablish their national sovereignty and leave the EU. Financial markets crashed in shock and awe on Friday. (Only fools are going to buy this dip.) The uncertainty of Brexit was quickly on display. Though the process is supposed to take 2-years, British politicians began to call to immediately disregard many EU laws; particularly those on immigration and banking. Political parties throughout Europe began to call for Exit Referendums in their own countries. This is the death knell for the EU. Great Britain is the second largest economy in the EU. Saying the EU will survive is akin to saying that a marriage is still intact after one of the spouses has left after leaving an “I’m thru with U” note nailed to the front door. It’s gonna get messy.

Food for Thought: For over 70-years global bureaucrats and central bankers have pushed the secular, one-world agenda characterized by multiculturalism, globalization and the tyranny of the minority. These mostly unelected officials, while deriding the Divine Right of Kings, have ruled with the arrogance of dictators. They have ignored the social contract based on the consent of the governed. Brexit signals the beginning of the end of their failed reign. Despite the near universal, and very vocal, support of “Remain” by global politicians and despite the total support by the mainstream media for “Remain” the Brits revolted against the overlords and their propagandists. Political ramifications were immediate with British Prime Minister Cameron resigning. The ripples are beginning to roil outwards from ground zero with economic changes in the wind. If a slowing global economy, negative interest rates and the failure of global monetary policy weren’t enough, Brexit adds to the uncertainty that has so paralyzed Janet nd the Seven Dwarfs. However, we see opportunity in chaos. Contact us for how to protect your assets in the coming roller coaster ride.

Stem Cell Therapy: A Journey, Part 2

Stem Cell Therapy: A Journey, #2

After watching the stock markets implode on quadruple witching, We left my La Jolla office to drive to The Stem Cell Treatment Center on Directors Place, one block north of Mira Mesa Boulevard. Directors Place is located on the new frontage road on the east side of I805.

“We” is my wife and myself. Though stem cell therapy is considered an outpatient procedure and you are told you can drive yourself to and from the appointment, I wanted to make sure I had a backup driver.

My appointment was for 1PM. $8,000 cash. $4000 per hip. As of the date of my treatment, Stem Cell Therapy was not approved by the FDA. So it is called “experimental medicine” and is not covered by medical insurance. A hip replacement, which is approved by the FDA costs a minimum of $35,000 per hip. It is massively invasive and results in cutting the largest bone in your body and replacing it with a manufactured ball and socket. Welcome to life as a Borg.

We drove up the hill from the beach on Camino Del Oro and got on La Jolla Village Drive East. It was a judgment call to go La Jolla Village Drive or to get on I5 north and go east on Sorrento Valley Road. To my chagrin, I chose the former.

It took us 30 minutes to drive the 4 miles from my office in La Jolla to the doctor’s office. We hit every single stoplight during Christmas lunchtime rush hour. Count ‘em 17 stoplights.

The German logic embedded in the BMW navigation system proved to be maddening as we approached the stem cell center. The Prussian My-Way-Or-The-Highway algos didn’t allow me to input the exact address so I had to rely on memory to guide me in to the doctor’s office.

We parked the car, entered the lobby of the surgical building; then went up to the third floor Suite 360. Nobody was in the office except for the nurse receptionist Kathy who I had swapped emails with but had never met.

Medicine is like the Navy; Hurry up and wait. I throttled my impatience and chatted with Kathy. At 10 minutes after 1PM the entire plastics and orthopedic crews showed up. They had been shopping at Costco. They were good naturedly honest about it. They apologized for the traffic; the only legitimate late excuse in Southern California, and all was forgiven. “Andale!”

The stem cell treatment was to be performed in three parts. First was harvesting adipose tissue (fat cells) through liposuction of love handles on the upper butt area. Part two was to centrifuge the extracted 50 mL of fat to get the stem cells. Step three was to inject three vials of 1) stem cells, 2) growth factor and 3) Hyaluronic Acid. Think of the three as, the cells, their food and the molecular lattice structure for the cells to grow on.

Still waiting, I decided to take a coffee break; maybe it would counteract some of my growing impatience. It seemed to work because I was in better spirits when I got back to the waiting room. Bob the Physician’s Assistant introduced himself and told me to saddle-up for lipo.

At this point, I was the only patient in the 3000 square-foot surgical suite. Later my wife told me that after I disappeared behind Oz’s curtain for the liposuction, there was a steady stream of Baby Boomer cash buyers who came through the complex.

I followed Bob back to the treatment room where the liposuction would be performed. I left my Kindle, IPhone, wallet and car keys with My wife in the waiting room.

It turned out that Bob had been a Navy Corpsman. As an Asian American he’d spent his Navy time in Iraq and Afghanistan.

“Glad I missed Vietnam,” he said. “It was easier to be around the camel jockeys than it would have to be around the gooks.” After getting out of the Navy a few years ago, he tried pharmaceutical sales before coming back to the surgical suite.

Bob began to place me on the lipo gurney when the Plastic Surgeon, Craig, came into the treatment room. Craig explained that he was the Plastics Guy and was only going to do the lipo. When I asked where his medical offices were, he told me that he was an active duty Navy Captain stationed at the Navy Regional Medical Center in Balboa Park.

He said that in a war zone he did wound reconstruction but that most of what he did now was breast cancer reconstruction of the kind done on Angelina Jolie. I mentioned the Boat School and Craig laughed saying, “I was born and raised in Annapolis. My grandfather and uncle were Ring Knockers. I’m 47. It’s taken me 19 years to make Captain. Time to transition.”

“Amen Brother,” I replied. “I did 4-Westpacs when Hong Kong, Olongapo and Singapore were full of the wildest women on the planet.” “I love you, no shit. Buy me a drink!” Bob chimed in. The three of us erupted in laughter

With the testosterone at the appropriate level, I took off my old topsiders and laid face-down in my navy blue sweats on the gurney. Bob asked me to pull the top of my sweats to mid chest and pull down the bottom of my sweats to the bottom of my butt cheeks.

I had met Craig last week at the pre-op conference. As we chatted while Bob prepped me for the liposuction, Craig told me that in order to comply with all regulations, he would take a leave day to perform the lipo on a specific patient group. This was why the stem cell treatments were scheduled for all patients only twice a month on Fridays. The scheduling allowed Craig to take a leave day, perform a couple of dozen liposuctions, make more money in a day then he made in a year as a Navy captain and then go back to his work at Navy regional medical center Balboa Park.

As a Bob draped my butt, Dr. Craig explained what was going to be happening during the liposuction.

He said the most painful part of the procedure was going to be the process where numbing solution was injected into the fat to be removed. He then proceeded to numb the skin in a dozen different places on both sides of my upper butt just below my belt-line.

Next was injecting the numbing solution into the fat … and he was right. The injection of the numbing solution was painful. My body jerked involuntarily in spite of my trying to remain relaxed. I was aware that the jocular talk had tapered off as I focused on the task at hand; trying to play the Terminator without flinching..

My mother was a Registered Nurse. Early on I realized that medical personal never use the word “pain.” Instead, the euphemism “discomfort” is substituted.

I can imagine the field hospital scene at the Battle of Gettysburg. A young soldier whose leg has been shattered by gunfire, is brought into the surgical tent. The drunken butcher who is going to amputate the leg, asks 9-men to hold the patient down because there are no anesthetics. Even the whiskey has run out. As the doctor picks up the bloody saw and positions himself to hack off the offending limb, the terrified patient looks up and whimpers, “Doc, is it gonna hurt?” … and the doctor says, “Son, you’ll just have some discomfort.” …. as piercing screams fill the air … fade to black.

So there was some discomfort; uncomfortable but not unbearable as the area was numbed. Then two small vertical incisions, about ¼ inch in length, were made on each side at the top of my butt cgurney and the lipo began.

Liposuction consists of ramming a hollow tube, called a cannula, back and forth through your fat. The dislodged fat residue is then sucked out of the area. There is nothing delicate about this process of having a foreign object jammed in and out of your body. The motion is the same as that you would use when shooting pool. But unlike shooting pool, the doctor is putting his back into this effort. This “rammin’ and jammin’” was done in silence as the banter gave way to the very physical task at hand.

There is discomfort. But anesthetics do a remarkable job. The occasional pain spike caused my body to jump but Craig was responsive saying, “We won’t go there again” as he rammed and jammed in another direction. He worked a fan shaped area on both sides of my upper butt. When he was done with the left side, he immediately went to work on the right side. In a few short minutes he was done.

He then asked if I was interested in seeing the 50 ml cylinder of extracted fat cells. I was interested. It looked like a cigar size syringe full of pink Smoothie from 7/11..

After 20 minutes of which included prep, the lipo and post lipo wrapping, I was back on my feet and in the waiting room.

Kathy, the reception area nurse, told me that it would take an hour for them to centrifuge the fat cells and extract the stem cells. She recommended that I leave the office and kill an hour with a cup of coffee. She gave me a $20 Starbucks Gift Card and recommended that I drive down the hill to the Scranton Road Shopping Center on the North East corner of I 805 and Mira Mesa Boulevard. Kathy recommended that we be back in the office at 3:30. So at 2:30 PM we left, drove down the hill and got some Christmas cookies and hot chocolate at Starbucks.

The shopping center is adjacent to the infamous red “Dog Dick’ sculpture that is in front of the San Diego Tech Center building. The sculpture was erected in the mid 1980’s. It used to be easily seen from I805. Now you have to be on Scranton Road to see it. But there it is. “Dog Dick” reigns supreme in its turgid 100 feet of .fire-engine-red glory; pointing at the sky awaiting the Mother of all Bitches.

After sitting out in front of Starbucks enjoying the 70 degree weather, we drove back to the surgical center.

We arrived back in the surgical office at 3:30PM. I was met in the waiting room by the orthopedic surgeon, Dr. Pete, who was going to perform the stem cell injections. My wife again sat in the waiting room while I was ushered into the treatment room which was located across from the nurses station. After a quick introduction, Pete disappeared after turning me over to Bob for prep.

When I entered the treatment room, I noticed that there was an intravenous drip (IV drip) set up next to the treatment gurney. Bob commented that my stem cell count was about 85 million cells which was the upper end of the norm. Bob asked me to lay on my back on the gurney. The IV drip contained saline solution. Bob told me that treatment now included a systemic injection of a portion of the stem cells through an IV drip back into the patient’s body. He said that this had reduced or eliminated a variety of aches and pains in patients that had received it. This was good news. Self-medication continues to recede. “Fire when ready Gridley!”

As Bob searched for an appropriate vein in my left arm, I told him that my veins rolled. As a blood donor I’d gotten in the habit of telling the help because my rolling veins had been problematic. On more than one occasion I’d had to stop some dullard who confused vivisection with medical care, as they continuously tried to harpoon my rolling veins. Eventually I began to address all medical technicians as Doctor Moreau whenever I sat down and began to roll up my sleeve to give blood. Many times the technician would disdainfully tell me, “I’m not a Doctor.”

Duh!

But Bob was the real McCoy. His aim was true and in no time my own stem cells were coursing back into my body on the IV drip. When the injection was done, Bob removed the needle from my left arm, and put a bandage on the spot. Then the door opened and Pete came in.

While Bob prepared the sonogram transducer with KY and positioned the screen, Pete explained the injection procedure. He showed me the three vials and explained that the largest containing the stem cells would be injected first, followed by a smaller volume of growth factor and a third volume of hyaluronic acid aka “rooster comb.”

The procedure was similar to the cortisone injections that I’d previously had. With me lying on my side, the Doc selected a spot directly above my hip joint. Then an aerosol can of numbing solution was sprayed on the point of entry for the 4-inch hollow needle. The Doc drove the needle straight down into the hip joint while Bob sprayed the impact zone with the local anesthesia. Once the needle had been guided into the joint using the sonogram, the stem cells were injected with Dr. Pete looking at the sonogram display and injecting the cells into specific areas of the hip joint. On my left hip this was a slow and painful process as he moved the needle around within the joint. I could feel the stem cell solution going into my joint and the resulting pressure of having the area around the hip joint expanded by fluid. The stem cells were followed by the growth factor and then the hyaluronic acid.

The process for my right hip went much faster. Pete again drove the needle straight down into my hip joint. He then injected the entire stem cell solution quickly without having to work the needle. Next, as he injected the growth factor and hyaluronic acid, he explained that my left hip had been “dry.” Injecting the left hip had been more painful and had gone more slowly because there was little natural lubricant in the left hip joint.

My right hip, however, was full of fluid because it was more inflamed. This is consistent with what I had experienced since my last Cortisone shot 90 days ago. I went into that Cortisone shot with my left hip more painful than my right. I came out with my right hip more painful. It has subsequently remained more painful. Uh …. I mean there had been more discomfort!

The stem cell injection procedure from beginning to end took half an hour from the moment that I walked in and lay down on the gurney until I got back up and was escorted out of the room by Bob.

When I left the treatment room, Pete, Craig and Bob were all standing at the nurses station. I stopped for a moment to thank them. They asked what I did for a living. When I said that I owned a wealth management firm, they began talking about the venture-capital opportunities available in the stem cell space in San Diego.

My wife and I left the Stem Cell Center at 4:15PM with a Vicodin script. We drove straight to Ralphs Pharmacy to get it filled. Sorry Charlie, Pete had mis-dated the script 12/19 instead of 12/18 so the pharmacy wouldn’t fill the script. The pharmacist wouldn’t give the script back to us so we were stuck with having to come back after midnight to pick it up.

I just laughed. Thank you God for all my blessings!

7 Realities of Life

7 Realities Of Life from the Libertarian Republic

1. Your Feelings Are Largely Irrelevant

Seriously, nobody who has already graduated college cares about your feelings. That means that when you complain to your boss because your co-worker mis-gendered you, he’s probably not going to bend over backwards to bandage your wounds. Given feelings are entirely subjective in nature, it’s completely unreasonable to demand everyone tip-toe around you to prevent yours from being hurt. The reality is that people will offend you and hurt your feelings, and they won’t stop to mop up your tears because they shouldn’t have to. Learning to accept criticism, alternative viewpoints, and even outright insults will make you happier in the long run than routinely playing the victim card.

2. You Cannot Be Whatever You Want To Be

This is a comforting lie parents have started telling their children to boost their morale in school. Unfortunately, millennials are now convinced it’s true, especially as society has now decided to push this narrative as well. The reality is if you’re 17 years old and still can’t figure out basic division, you’re not going to be a rocket scientist. If you’re overweight and unattractive, you’re not going to be the quarterback’s prom date. If you lack fine motor skills, you’re not going to be a heart surgeon. It’s okay to accept that you cannot be whatever you want to be. In fact, once you accept this, you’ll be able to focus on the things you can be — the things you really are talented at.

3. Gender Studies Is A Waste Of Money

You heard me. While some millennials taking useless degrees will claim they’re beneficial for teaching or research positions, the reality is that they just put themselves several thousands dollars in debt to learn how to be a professional victim. While you’re struggling to make ends meet after graduation because nobody who pays more than minimum wage is interested in your qualifications and you’re drowning in student loan debt, be sure to check out the next harsh reality before you start complaining.

4. If You Live In America, You’re Already In The 1%

That’s right. Even though you work at McDonald’s for minimum wage because you got a useless, outrageously expensive college degree, you’re still far better off than the vast majority of the planet. Don’t believe me? Fly to Uganda and check out the living conditions there. Fly to China, Saudi Arabia, North Korea, Iran, Russia, and even European countries like Ukraine and Greece, and you’ll quickly discover just how well-off you really are. While it may be cool these days to dump on capitalism, it’s the only reason you aren’t already worse off.

5. You Don’t Have A Right To It Just Because You Exist

That includes healthcare, guaranteed income, and somewhere to live. Just because you’re here and breathing doesn’t mean society owes you anything. Like the billions of people who lived before you, working hard is a better guarantor of wealth and the ability to comfortably take care of yourself than begging society or the government to do it for you. Demanding healthcare be a right, for example, is equivalent to demanding government force the taxpayer to pay for it. While that may seem like a good idea in theory, it only leads to rationing of care when costs become unsustainable, which negatively impacts not just your health, but everyone else’s, too.

6. You DO Have The Right To Live As You Please — But Not To Demand People Accept It

By contrast, you do have the right to live however you please, so long as it’s within the confines of the law. If you want to cross-dress, smoke marijuana, drink lots of alcohol, have lots of sex, and, yes, even go to school for gender studies, then by all means, go for it. Government should not be allowed to legislate people’s behavior as long as it doesn’t infringe upon someone else’s rights, but that doesn’t mean society isn’t allowed to have an opinion. You don’t have the right to demand people keep their opinions about your lifestyle to themselves, especially if you’re open and public about it. I have as much of a right to comment on the way you live your life as you do to actually live it. Your feelings are not a protected right, but my speech is.

7. The Only Safe Space Is Your Home

No matter where you go in life, someone will be there to offend you. Maybe it’s a joke you overheard on vacation, a spat at the office, or a difference of opinion with someone in line at the grocery store. Inevitably, someone will offend you and your values. If you cannot handle that without losing control of your emotions and reverting back to your “safe space” away from the harmful words of others, then you’re best to just stay put at home. Remember, though: if people in the outside world scare you, people on the internet will downright terrify you. It’s probably best to just accept these harsh realities of life and go out into the world prepared to confront them wherever they may be waiting.