Wealth Management Partners LLC

06/12/2026

We have gotten multiple inquiries about SpaceX the past couple of weeks. If you are a client and haven’t opened our special edition newsletter on this topic, the email was sent out earlier this week.

Here is an interesting take on the IPO.
https://www.fool.com/investing/2026/06/11/warren-buffett-would-never-buy-the-spacex-ipo-here/

Worth noting: “Buffetts first rule of investing is to only buy companies that you understand”. This is a great rule for any investment, not just SpaceX.

The legendary investor preached the value of buying good companies at reasonable prices.

06/12/2026

We noted the 2026 release of the Social Security Trustees report.

Brookings is hosting a discussion of ways to fix/shore up the Social Security Retirement fund on June 24th. Here is the link if you would like to RSVP to listen in.

On June 24, the Brookings' Center on Health Policy will host an event on the urgent need to ensure that Social Security remains solvent.

06/12/2026

Some words of wisdom from the Sage of Omaha...as we watch the feeding frenzy unfold today.

06/11/2026

"Bitcoin’s latest retreat has been so severe, it has pushed more than half its circulating supply into loss-making territory.

With the coin trading around $62,000 — down some 50% from its record highs — and a fresh break below its 200-week moving average, it is quickly racking up losses for a growing share of its holders. For the first time since late 2022, more than 50% of the coins trading are doing so below their purchase price, according to Vetle Lunde at K33 Research. The figure stood at just 30% a month ago."

Here is the most pertinent quote:

“After 17 years, Bitcoin still has no use case beyond pure speculation,” said JonesTrading Chief Market Strategist Michael O’Rourke. "

Bitcoin’s latest retreat has been so severe, it has pushed more than half its circulating supply into loss-making territory.

06/11/2026

The Social Security Trustees report was released on Tuesday.

Another year closer to 2034 when the trust fund reserves will be exhausted. And another year of zero action by Congress and the sitting President to address the issue. From the press release:

"The annual cost of the program is projected to exceed annual income in 2026 and remain higher throughout the 75-year projection period. Total cost began to be higher than total income in 2021. Social Security's cost has exceeded its non-interest income since 2010.

If Congress does not act, combined trust fund reserves are projected to be depleted in 2034. At that time, there would be sufficient income to pay 83 percent of scheduled benefits."

Baltimore, MD - The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined …