#53 - Your Wealth Portfolio Is Bigger Than You Think

Author

Graham Schroeder
April 11, 2025

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Market Recap

  • Trump's Tariff Reversal Sparks Market Amidst Ongoing Trade Tensions

    • President Trump announced a 90-day pause on newly implemented tariffs for most countries, while simultaneously increasing tariffs on Chinese imports to 145%.

    • The stock market responded positively to the tariff pause on Wednesday, with major indices experiencing significant gains and then turning red again on Thursday. Followed by much skepticism surrounding political insider trading.

    • Despite the market rebound, experts warn of persistent volatility and potential recession risks due to ongoing trade tensions and elevated tariffs, particularly with China.

  • Prada's Acquisition of Versace Finalized

    • Prada $1913 has agreed to acquire Versace from Capri Holdings $CPRI ( ▼ 6.25% ) for $1.38 billion, overcoming delays caused by recent market turbulence.

    • This acquisition allows Capri Holdings to focus on revitalizing its other brands, including Michael Kors and Jimmy Choo, while Prada aims to strengthen its position in the luxury fashion industry.

    • Following the announcement, Prada's shares rose nearly 5% on the Hong Kong Stock Exchange, indicating investor optimism about the deal's potential benefits.

  • Air Taxi Flights Could Soon Cost the Same as Uber

    • Archer Aviation $ACHR ( ▼ 1.79% ) announced that its electric air taxi, Midnight, aims to offer fast, 10-minute flights at prices competitive with Uber Black (around $100 per ride). The company’s broader vision is to reduce city congestion with affordable, accessible aerial transit.

    • United Airlines $UAL ( ▲ 1.99% ) a major investor and strategic partner, is helping Archer launch commercial operations including plans to establish key routes and infrastructure in major cities like New York and Los Angeles.

    • Joby Aviation $JOBY ( ▼ 2.49% ) is also in the race, developing its own eVTOL aircraft and working with the FAA to begin commercial service. Legislative efforts like “Jetsons laws” in states such as Minnesota and New Hampshire, along with evolving FAA safety frameworks are helping make urban air mobility a near-future reality.

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Freedom Fund Portfolio

This week the market showed a little recovery after the tariff pause however after another red day Thursday the $SPX ( ▼ 0.17% ) is still down over 10% year to date and the $NASDAQ ( 0.0% ) down over 15%. The public account is tracking down 12% from its February all-time high as equities continue to see turbulence. My psychology this week has been to stay the course and continue buying. While market crashes can be scary, they are normal and all apart of the investment cycle. History shows that markets tend to recover from downturns over time. Stay invested and take a long-term perspective. Stack that cash and buy the crash!

  • Portfolio Moves:

    • On Monday I exited my small position of American Express $AXP ( ▲ 0.97% ) with a 9% return and redistributed the funds into 18 shares of $EVLV ( ▼ 1.45% ) , 2 shares of $GOOGL ( ▼ 1.74% ) , and 30 shares of $SOFI ( ▲ 1.11% ) . I really like $AXP ( ▲ 0.97% ) in general and the concept of investing in consumer debt is a stable business however I just didn’t see myself adding more to the position in the long run. I also think there is a much larger upside with $SOFI ( ▲ 1.11% ) in the long run and am deciding to continue to build my stake due to their potential growth and service expansion over time.

Freedom Fund Background: I created the Freedom Fund as a public brokerage account back in October of 2022 to share that anyone with a social security # and a bank account can begin their investing journey by investing a couple hundred dollars a week. Every week and month I post on X (@GrahamInvesting) public updates about the purchases, exits, dividends, and growth of the fund if you want to follow in real time. The biggest obstacle people have to investing is just getting started so I decided to start a new account at $0 to start from nothing with you.

The 5 Types of Wealth - Book Review

Last week on my spring break trip to Gulf Shores, Alabama I was able to finish Sahil Bloom’s book The 5 Types of Wealth. Sahil is an ex-pitcher at Stanford, ex-private equity VP, and now a New York Times best selling author that has really based his life around building a well balanced life. I read this book not only because I have been following his story for the past few years but also because I am constantly trying to figure out how to live a balanced life. The core message of his book promotes the idea that true wealth isn’t just financial. It is a balanced, intentional life built across five distinct areas: financial, social, time, physical, and spiritual. A recap of the 5 pillars of wealth:

#1 - Financial Wealth

When most people think of financial wealth they think of net worth and money and its initially the first thing people think of when they hear “wealth”. In the book he breaks down everything from fast wealth to slow wealth and everything encompassing income, savings, assets, and investments. But ultimately redefines the big picture of compound interest and increasing income to build a financial health that allows you freedom and movement later in life. The biggest message from this section was to use wealth to allow you to focus on the other four pillars of wealth in life. But to not sacrifice your social, time, physical, and spiritual wealth for financial wealth.

#2 - Social Wealth

 Social wealth is ultimately the people you know and who knows you and the quality of relationships you share with people in your life. Bloom talks about the compound interest of trust and generosity in life. That depth within your social relationships will bring you the most joy in life. Not just trying to have a large follower count or the biggest circle. But the most quality circle around you. In the book he talks a lot about how we should focus on asking others “doorknob” questions. Asking questions or statements that invite the other person you are talking to so they open up and walk through them. Doorknob questions allow other people to start telling stories which can create more meaningful conversations. Mastering the art and science of conversation is essential to creating the deep human connection that provides rich texture to life.

#3 - Time Wealth

Sahil stresses designing a life where you own your time, not rent it out endlessly. With a big importance of owning your schedule to create the power of time freedom in your life. He argues that time is our most precious, non-renewable resource, and yet it’s often the first thing we give away without realizing it. Just like money time itself compounds. Time spent on relationships, learning, health, or creative work builds exponential returns. He talks about how “Money is replaceable. Time is not. You can always make another dollar, but you can never make another minute.”

Sahil notes that every “yes” to something is a “no” to making something valuable. The biggest factor in my thirties I am starting to think about a lot is the ROT (return-on-time). Once you start to realize that you only have so many weeks in your life you get to live. You will truly start to question where you are investing your time and the potential return you get from it. Set aside scheduled time daily and use it towards building freedom towards something you value in your life and future.

#4 - Physical Wealth

“You can’t build a rich life on a weak foundation. Your body is your first home take care of it like you would your dream house.” Physical wealth is all about your health, energy, strength, and vitality. It’s not just about having abs or lifting heavy, it’s about being able to show up in the world with power and stamina. Without health you can’t maintain or enjoy the other 4 types of wealth’s. The more energy you have the more energy you can invest in your career, relationships, hobbies, or even just presence.

The biggest focus in this section was toward functional longevity. The ability to to play with your grandkids, travel, stay independent, and live pain-free. Focus on physical wealth just like you would as an investor because it all compounds. Dial in daily habits that are based around low risk high reward habits such as walking daily, lifting weights 2-3x a week, prioritizing sleep, and drinking more water (and less alcohol).

#5 - Spiritual Wealth

“Spiritual wealth is having a deep sense of meaning, fulfillment, and alignment even when the world around you is noisy.” This isn’t about religion (though it can be, if that’s part of your life). Spiritual Wealth is about living in alignment with your values, cultivating inner peace, and feeling connected to something bigger than yourself. Unlike financial or social wealth, spiritual wealth isn't measured by output or recognition. It’s internal success vs. external validation. Ask yourself more frequently what will you leave behind? What ripple are you creating? This is the most silent, but often most important form of wealth. You can have all the money, time, health, and friends in the world, but if you’re not at peace within, you’re still poor.

Final Thoughts

As I read this book, I kept thinking about the “wealth” in my life and what I want these pillars to look like We need to build and contribute to them daily if we want to build a balanced life. For some of us it could be getting more sleep, finding meaning and connection towards something bigger than yourself, or focusing on building more depth within our relationships. For others it could be getting out of debt and starting an investment account, getting in the gym, or not wasting your time on things you don’t value. At the end of the day only you can decide what you value within your pillars of wealth and how you build routines and habits to have balance with them all.

The purpose of this newsletter is to encourage you and our other 85 Gazette subscribers to start and stay consistent with your personal, professional, and financial journey.

Thanks for investing your time reading this.

Disclaimer: Graham’s Gazette provides information and resources related to investing, financial topics, and personal growth for educational and entertainment purposes only. The content presented is not intended to be construed as financial advice. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. Graham’s Gazette and its creators do not assume any responsibility for the accuracy or completeness of the information provided nor do they guarantee any specific results from such use of information.