Wealth of Top 1%, Korean Stock Market Crash, UNESCO Mount Olympus, Thailand Retirement Visa

Another TBB post featuring the most eclectic links around the web such as the wealth of Top 1%, the Korean stock market crash, UNESCO Mount Olympus, Thailand retirement visa, how to supersize your retirement accounts, cost of aging, diversification is awesome, AI jobs situation, young runners and trackflation, mysteries of missing passenger flights, top 100 coffee shops, global air travel is at its peak, the best photography and Thailand links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.

 

Blog Mission: To Educate. Entertain. Inspire. In That Order!

Support TBB by applying for Credit Cards or Buy Me a Coffee or click on Links

No clickbait. No ads. No algorithms. No sponsors. No AI. No paywalls.

 

This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.

 

BLOG HOUSEKEEPING

This is truly a one man labor of love operation, enjoy it while it lasts.

 

QUOTE OF THE WEEK

 

“It is our choice of good or evil that determines our character, not our opinion about good or evil” – Aristotle

 

MUST READ GEMS 

Title of this section is misleading, it should be MUST WATCH GEMS since I only have a video for you below this week:

Best Goal of the 2026 World Cup

 

PERSONAL FINANCE

This is great advice: The Everyday Guide to Supersizing Your Retirement Account.

Sobering facts: As the cost of aging soars, families’ wealth is evaporating Growing old is eroding the inheritance Americans hoped to leave behind, a Washington Post analysis found. Many will have nothing to pass on.

Nationally, the median cost of a private room and basic services was about $74,400 a year in 2025, according to a CareScout Cost of Care Survey. For those who need the more extensive services of a nursing home, the annual median cost was $129,575 for a private room. Seven years of that for someone with dementia, and the bills would add up to nearly $1 million.

This is great! Invested InsteadYou bought the thing. You could have bought the company. 

Pick a product. We take its launch-day price, pretend you put that money into the manufacturer’s shares the same morning, and show you what it would be worth now. Sometimes the thing was the better buy.

I am just going to drop this here and move on…

 

TECH/SCAMS/CRYPTO

If you are a crypto bro, don’t take it out on me, I am just a curator here ok? Anyway, I agree with the author and I just wonder how this ship has not burned down yet: Bitcoin is a Zeppelin. And if it doubles again from here you must realize that if you own none of it you lose nothing. By not losing and staying invested and, more importantly, staying diversified: 4 Ways Portfolio Diversification Has Paid Off in 2026.

I think I warned about these two dudes when they first came out with a “brilliant” idea to have investors send their crypto company money to buy real estate in the US. And of course you know what happened next: The $140M Real Estate Company That Trapped Thousands of Investors. Don’t ever do that, come on!

 

AI

Stanford does a deep dive on this: What is really happening to jobs? Separating AI hype from reality.

Key takeaways
  • AI’s effects on overall employment is likely small, though a tough job market for new graduates may be partly due to AI.
  • AI’s impact on worker productivity is mixed but generally positive.
  • Firm adoption has accelerated but unevenly across the economy.
  • Early evidence is hardly the last word on the future of work in an AI world.

Hot shots like this guy stay hot for a little while and then they crash and burn: AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say. Talking about crashing, the South Korean market has seen one of a kind of a bubble burst. Back in March, the main KOSPI stock market index went nuts, as in going from 5,000 to over 9,000! But starting last month it has been back down all the way to where it started. And in the meantime, many Korean investors speculators lost everything because they were going all in and leveraging at insane levels. Because, in bubble times, it appears you just can not lose. I have seen this movie before, experience matters. Update: Found this after I clicked to publish this post:

The Korean KOSPI index is down 44% in approximately 40 days, with over 300,000 individual leveraged accounts liquidated and over 1.2 million accounts receiving margin calls this month.

 

 

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24 Comments

  1. “110,000 American Airlines miles for one way First Class from Detroit to Bangkok (via Dallas and Tokyo Haneda) flying AA and JAL” – is the DFW-HND leg in JAL’s F cabin on the A350?

  2. Hey Buzz-

    I had my first hands-on AI experience this week.

    I read an article that said the Beach Boys have cancelled all their concerts for the next few months. It didn’t give the reason for the cancellations, but at the bottom was a small box that said “Meta AI: Why were the concerts cancelled?”. I hit the box and AI provided an answer.

    The AI answer was that original Beach Boy Brian Wilson has had numerous mental and emotional issues over the years and these may have led to the concerts being called off.

    Then I remembered that Brian Wilson hasn’t performed with the group touring as the Beach Boys since 2012. And he died last year.

  3. Lots of good stuff as always! I have finally decided that I like the new presentation, I just had to get used to it. It took a while I guess because I am an Old. The chart of the 1% vs the 90% bugs me and this kind of thing, the worse it gets and the longer it goes on is what will bring class warfare of some sort. Things are out of balance.

    That trip of yours you are planning sounds like a genuine humdinger. I am sure you will have a blast. Trying to figure my next travel and am starting to wonder if I will get to it. I hate group tours and stuff but some of the tours with all the pre-planning being done by others feels a bit more tempting than it used to be. More of the being an Old, I suppose.

    Thanks as always for the work you do to send this out to us. I truly appreciate it and your friendship.

  4. Thanks for all the links!

    I’ve been playing with AI but only as a rather smarter search engine than Google or DuckDuckGo. ChatGPT comes with my Android phone so why not. What I think will be a really important consequence will be the push for nuclear power generation in the form of small reactors. But we shall see.

    Thanks again!

  5. Hey Buzz,
    Yellow or white ribbon for the desert rats today. Think I’d rather have a glass of water, friggin hot here, and yes we know it’s only gonna get worse. But as we all know we are much better off making sure the economy is on track and the grifters get taken care of…oops…haha. I meant to say “rainbows and unicorns”
    Speaking of the grift, thanks for the Bitcoin article. I sent it to a friend who still believes Bitcoin is his retirement. His response, “Tokenization of oil is coming”
    Thankfully UEFA gave Johnny Infantile a little kick to the nuts.
    As always another great post to enjoy over the weekend, thanks again Buzz

  6. “Bitcoin is a Zeppelin”: very interesting.

    One of the benefits of being in my 50s is that I’m old enough to see history repeating. Leopold Ashcenbrenner’s upcoming downfall was obvious to those of us who lived through the dotcom era.

    On the topic of Florida gators: if you ever have a chance to visit the Everglades on a cold January day, take it! I’ve never seen so many gators, they were all out there sunning themselves trying to keep warm on a 55-degree day. One of my most memorable travel experiences.

  7. @ Simon:
    “110,000 American Airlines miles for one way First Class from Detroit to Bangkok (via Dallas and Tokyo Haneda) flying AA and JAL” – is the DFW-HND leg in JAL’s F cabin on the A350?

    If I had managed that I would have a separate paragraph all in bold font lol. No, it is on AA First sadly, AA175. On top of that, the JAL leg HND-BKK is on C. Going to keep this reservation and likely fly it if AA does not screw things up again. And I am keeping the other one, which I almost replaced this morning with flying Swiss via Zurich. But the bots got those seats again…except the one with a short FRA-Zurich leg that was on Air Dolomiti…and I just didn’t want to ruin the whole experience flying that airline 🙂

    @ Sam: I replied to your email but owe you a longer/better response. Yeah, in the land of AI human authenticity is becoming IT. And you can bet all your meme coins on that. You have billions of Trump meme coins, right? 😉

    @ Carl: Yeah, putting together trips like this every year is exhausting. I used to post long trip reports with them but I clearly had no time to do them anymore. Especially when my site sells one credit card per month lol. I hate group tours and cruises too. I think we must admit that they are more suitable as we are all aging.

    @ DML: Thanks for the 5 coffees, much appreciated. Makes the pain of putting this baby together every week hurt a little less, sadly. I have a link next week, kind of a simulator “game” that we can pretend we push the button to nuke a country and then sit back and watch what happens…It is amazingly well put together and really scary when you think it could happen.

    @ bluecat: Thanks, I am too proud to phone it in here…

    @ David D.: I think your friend is hopeless if he still thinks that. On a second thought, a still large segment of the people here are so hopeless, amazing how people can get so brainwashed. Ok, let’s not go there and ruin our weekend. Johnny will try again, there is just too much money in this sport now.

    @ NickPFD: Leopold dude is getting married today and having to take calls from Ken Griffin may interfere with the quality of the wedding party, not sad. The kid’s first job was at FTX, went to OpenAI, did a shady thing, sits down and writes a blurb about AI, goes viral, marries a sister of the founder of Anthropic (I think), some opportunist says hey we can raise gazillions riding this wave,becomes hedge fundster, gets a big head, leverages to the max, BOOM.

  8. I have never ever started the draft for the next post so early! But here we are, the first 8 links are in the draft for next Friday’s post. Trying to see if this pace lowers stress, we’ll see.

  9. My credit card links are not loading. I think I may have been put down and out of pasture for good.

    Can you check to see if the page loads for you after you click on my credit card banner?

    I am not sure what is going on…This Friday may be the last post or second before the last one.

    1. Just tried the CC link and it worked just fine for me. 10am on 8/4/26 from home on my laptop.

      1. Looks like we are back in business, must have been doing an upgrade or something.
        On top of that, there were TWO new email list subscribers today. In ONE day, broke multi year records lol. And had the first cc sale of the month yesterday. TBB is coming back. Anyway, that sure motivates me to add a few more links and my commentary to the Friday blog post draft. It makes immaterial $$ sense to me but seeing this type of support is sure NOT deflating, on the contrary.

        And this stock market bull run wow. Can you imagine where we would be if we did not have the Iran craziness going on? Or the stupid tariffs?

  10. You seem to be spending a whole lot more time in Thailand and looking at potentially retiring there from your visa considerations. I don’t in any way disagree but am curious, why? I could see Malaysia or Greece due to where you and your wife started and obviously the USA since that’s where you live and your kids as well. You (presumably) are in a position to retire in a bunch of places so I’m curious as to what Thailand has that calls to you? I like the country myself but don’t feel the call of the siren song.

  11. UpgradedPoints just pumps out plastic non stop wow. Within an hour today 8/6/26 they posted:

    The 8 Best Business Credit Cards for Independent Contractors [Self-Employed, Freelancers].

    6 Best Business Credit Cards for Startups and New Businesses.

    Ok, huuuge post coming tomorrow. For the record, my site sold one cc in July and one so far in August. As I keep saying, enjoy while this lasts smh.

    1. Just a few hours after the back to back posts at UpgradedPoints above?

      “I Used the Bilt Palladium Card for Five Months. Here is my Review”

      While in these two hours I added to my draft for tomorrows post which is going to be the longest post ever…by far. Not sure this daily drafting thingie I tried this week works. Stress is down but the length of the post has reached ridiculous levels.

      Just imagine if I was incentivized by $$$ lol.

      Educate.Entertain.Inspire.

      Until the end BOOM!

  12. Glad you’re spending so much time in Thailand! You should def learn to ride the boats! They are a lot of fun and can cut thru the traffic. That said they don’t go anywhere very useful. Buses aren’t too bad either if you use Google Maps. I find Grab to be awful in BKK because a pickup can take 15-20 mins (Please get me out of BKK ASAP!). I also find Bolt to be quite a bit cheaper than Grab. In Bangkok its just easier to hop in a passing taxi (if they stop!) than wait for Grab/Bolt. Elsewhere I just book Bolt and plan a ten minute wait.

    Nice work getting the DTV. Did you only have to show bank statements? I have almost all of my cash in stocks so these bank requirements drive me nuts as I need to get creative. The Thai visa situation was pretty managable the past 10 years but now is getting out of control so maybe I need a different option as I’m there 2 months a year and even that might be too much for them!

    1. I have not ventured out to the boats yet, seems complicated 🙂

      Grab has not let me down yet and as long as that continues I don’t see a need for Bolt for me. Almost all YTubers like Grab a lot more vs Bolt as they tend to cancel a lot. Bolt can be cheaper no doubt about that but even with higher prices of Grab this whole riding costs in BKK are so cheap!

      Yeah, I showed bank statements. I had to transfer some cash from investment accounts and parked it at the Schwab Bank in the account we have that reimburses all ATM fees. When DTV was approved I moved the cash back out to where it came from. If we keep the DTV visa to renew after 5 years, about six months I may do the same thing again.

      Yeah, Thais are cracking down on border runs for sure lately, they want all to get the proper visa. DTV made the most sense for us to allow maximum flexibility for 5 years.

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