<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="/sitemap_generator/default/sitemap.xsl"?>
<!--Generated by the Simple XML Sitemap Drupal module: https://drupal.org/project/simple_sitemap.-->
<urlset xmlns="http://www.sitemaps.org/schemas/sitemap/0.9" xmlns:image="http://www.google.com/schemas/sitemap-image/1.1">
 <url>
  <loc>https://www.bourbonfm.com/</loc>
  <changefreq>daily</changefreq>
  <priority>1.0</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-6-percentage-us-stock-market-trading-over-10x-pricesales</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-total-market-cap-percentage-russell-3000-total-market-cap</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hypothetical-impact-rising-and-falling-rates-treasuries</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-and-large-cap-market-cycles</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-value-and-russell-2000-are-only-russell-indexes-near-their-historical-average</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-caps-near-historic-low-versus-large-caps</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/tale-two-decades</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/high-real-gold-prices-are-associated-low-future-gold-returns</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-returns-developed-markets-2006-2025</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/golds-performance-11-major-stock-market-downturns</loc>
  <lastmod>2026-11-09T14:25:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-intra-year-decline-1928-2025</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/working-hours-vs-salary</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/comparing-golds-true-magnitude-1970s-vs-2020s</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-citizens-resident-portugal-vs-americans-moving-ireland</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/managed-futures-vs-all-morningstar-liquid-alternative-categories</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-returns-fixed-income-asset-classes-represented-indices</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-historical-risk-return</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-1-club-country</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/most-number-markets-near-high-over-20-years</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gold-historical-drawdowns</loc>
  <lastmod>2026-11-09T14:25:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-cost-healthcare-insurance-state</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-after-major-geopolitical-events</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/june-1965-sp-500-top-10-cohort-subsequent-weights</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/manias-post-ww2-era</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/time-market</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bullbear-markets-defined-20-ralliesdeclines-were-preceded-20-declinerally</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/largest-weekly-wti-oil-move-1980s</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/traditional-iras-vs-roth-iras-20252026</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/retirement-plan-contribution-and-deferral-limits-20252026</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fixed-income-managers-outperform-their-passive-peers</loc>
  <lastmod>2026-11-09T14:25:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/best-worst-and-average-rolling-18-year-periods-1983-2025</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/college-tuition-vs-other-expenses-0</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-rolling-best-worst-annualized-total-returns</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-through-history-fiat-money-1210</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/key-happiness</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-sp-500-performance-after-oil-shocks</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/volatility-stocks-normal</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-annual-manager-returns-asset-class</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bad-year-stock-pickers</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-equity-vs-g7-government-bond-real-total-returns-oecd-and-bloomberg-2026</loc>
  <lastmod>2026-11-09T14:25:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/interested-spacex-what-history-says-about-mega-ipos-factset-research-systems-inc-1999-2026</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/institutional-investment-management-hirefire-decisions-journal-finance-1996-2003</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-margin-debt-fred-finra-financial-fables-2025</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/most-visited-cities-us-ita-national-travel-and-tourism-office-2024</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-bond-cash-real-returns-ritholtz-1928-2025</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-inflation-adjusted-returns-d-runkevicius-1930-2025</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-outperformance-cycles-b-palmer</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/tech-ipo-stock-returns-holding-period-b-palmer</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/modest-positive-real-bond-returns-loom-after-terrible-decade-bloombergoecd-1980-2026</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-stockbond-ratio-msci-1970-2026</loc>
  <lastmod>2026-11-09T14:25:54-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/life-expectancy-65-year-olds-household-income-percentile-health-inequality-project</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pop-goes-few-slump-goes-rest-jay-ritter-1980-2024</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-year-tips-yield-bobeunlimited-substack</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/why-long-term-investing-wins-stocks-world</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-year-real-returns-6040-vs-2080-portfolio-bobeunlimited-substack-1950-2025</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/6040-real-return-drawdowns-cluster-high-inflation-regimes-shiller-data-1900-2026</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/monthly-cost-ownership-median-priced-home-harvard-joint-center-housing-studies-2025</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/retirement-plan-contribution-and-deferral-limits-jp-morgan-20252026</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fixed-income-managers-outperform-their-passive-peers-jp-morgan</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fixed-income-managers-outperform-their-passive-peers-jp-morgan-0</loc>
  <lastmod>2026-11-09T14:26:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/best-worst-and-average-rolling-18-year-periods-barclays-capital-1983-2025</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/college-tuition-vs-other-expenses-bls-1983</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-rolling-best-and-worst-annualized-total-returns-creative-planning-1928-2025</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-through-history-fiat-money-finaeon-1210</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/key-happiness-jon-luskin</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-sp-500-performance-after-oil-shocks-bloomberg-1973-1979-1990-2022</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/volatility-stocks-normal-ritholtz-1928-present</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-performance-selected-assets-over-discrete-five-year-periods-1995-2025</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-36-month-relative-performance</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-ten-year-performance-us-size-factor</loc>
  <lastmod>2026-11-09T14:26:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/range-stock-bond-and-blended-total-returns</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/if-youre-age-65-today-probability-living-specific-age-or-beyond</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/g7s-declining-share-world-gdp-and-population-world-bank-1975-2024-0</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nominal-returns-6040-had-struggled-keep-inflation-recent-years</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/high-inflation-has-historically-stoked-commodity-performance</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp500-value-vs-growth-relative-total-return</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-becoming-single-theme-index</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/portfolio-diversification-benefit-rolling-36m-six-asset-portfolio-us-eafe-em</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2024-2025-no1-overvaluation-across-board</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-composite-cyclically-adjusted-price-earnings-ratio-cape</loc>
  <lastmod>2026-11-09T14:26:13-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/periods-extreme-market-concentration-during-past-century</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/proportion-funds-outperform-2015-2024</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cumulative-median-alpha-market-cap-segment</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-vs-passive-performance</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-annual-contributions-premiums-family-coverage</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-out-sync-inflation-realities</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-bond-index-yield-worst-ytw-and-rolling-10-year-returns</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/wealth-and-death-gap-us-adults-over-60</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/new-tech-booming-productivity-bursting-stock-bubbles</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percent-sp-500-ps-l12m-20x</loc>
  <lastmod>2026-11-09T14:26:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/other-countries-net-millionaire-outflows-2025</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-10-countries-net-millionaire-outflows-2025</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/all-top-10-countries-net-millionaire-inflows-2025-host-investment-migration-programs</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/lost-decades-are-more-common-you-think</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-equal-weight-market-cap-weight</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-leadership-cycles-peaks</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/emerging-market-equities</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/other-countries-net-millionaire-inflows-2025</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/valuations-vs-allocations</loc>
  <lastmod>2026-11-09T14:26:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hypothetical-impact-and-falling-rates-treasuries-93025</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-and-european-equities-used-travel-very-similar-path</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/5y-total-return-cagr-major-indices-through-sept-30-2025</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/valuation-and-golds-real-expected-return</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/assets-are-dominant-world-portfolio-both-equities-and-bonds</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cumulative-price-increases-us-over-last-5-years</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/3-year-annualized-inflation-6040-portfolio-return</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-40-jobs-most-exposed-ai</loc>
  <lastmod>2026-11-09T14:26:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/em-local-debt-has-dominated-dm-debt-alternatives-diversifying-away-usd</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/outperformance-morningstar-category-short-term-bond-vs-ultrashort-bonds</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/phaseouts-and-breakpoints-mfj</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-10-year-excess-returns-high-vs-low-quality-us-stocks</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-shiller-pe-today-second-only-tech-bubble</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bbb-spreads-and-us-recession-periods</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-credit-spreads</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/value-extremely-cheap</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-6040-lost-decades-are-more-common-you-think</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/equity-returns-over-past-five-years-are-all-about-mag-7</loc>
  <lastmod>2026-11-09T14:26:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stocks-vs-bonds-returns-1926-2022</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bear-markets-defined-20-peak-trough-decline-1929-present</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-crash-timeline-growth-1-and-us-stock-markets-real-peak-values</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-return-over-next-3-years-emerging-markets</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gold-annual-returns</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/google-search-interest-and-stockmarket-returns-selected-themes</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/best-asset-classes</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-cape-ratio-subsequent-5yr-annualized-returns</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/four-countries-housing-price-disposable-income-inflation-adjusted-growth-2000-2025</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-vs-sp-500-pe-ratio-jan-1965-oct-2025</loc>
  <lastmod>2026-11-09T14:26:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-relationship-suggests-higher-starting-equity-valuations-can-lead-lower-returns</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/four-countries-housing-price-disposable-income-inflation-adjusted-growth-1975-2025</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-us-bond-yields</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/high-yield-municipal-valuations</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-corporate-credit-option-adjusted-spreads</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-major-currencies-against-us-dollar</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/countries-highest-wealth-person</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/starting-safe-withdrawal-rate-asset-allocation-and-time-horizon-90-success-rate</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-total-returns-2011-data-ycharts-12525</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-cap-weight-us-sp-indexes</loc>
  <lastmod>2026-11-09T14:26:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bull-and-bear-markets-total-returns-june-1949-june-2025</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-forward-pe-ratio-vs-subsequent-10-year-annualized-returns</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-risk-premiums-are-negative-territory</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-operating-profit-margins</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/worst-years-ever-6040-portfolio</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pe10-valuations-across-countries</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/aggregate-us-equities-market-cap-percent-gross-domestic-income</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/new-tech-returns-infrastructure-life-span</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuations-and-weights</loc>
  <lastmod>2026-11-09T14:26:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/perfect-storm-inflation-liquidity-tech-credit</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/times-when-gold-outperforms-sp-500</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-global-ex-us-equities</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-msci-em-vs-dxy</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-index-return-year-2000</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-inflation-decade</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pause-reporting-delinquent-federal-student-loans-has-ended</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/wti-crude-oil</loc>
  <lastmod>2026-11-09T14:27:01-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-vs-financial-assets-price-relative</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/impact-bad-investing-behavior</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-total-returns-growth-1-jan-1941-mar-2026</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-historical-risk-return-1926-2025</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-total-return-positive-1928-2022</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-sp-500-returns-during-periods-war</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/behavior-gap</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-performance-during-major-global-oil-supply-disruptions</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-max-intra-year-drawdowns-vs-end-year-total-returns-1950-2026</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/crude-oil-prices-surge-historical-records</loc>
  <lastmod>2026-11-09T14:27:07-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-around-over-30-major-geopolitical-events-1939</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bull-and-bear-markets-dax-1964</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-cycles-tech-bubble-19992000small-cap-value-vs-large-cap-growth</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-valuations-near-historical-lows-vs-large-caps</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-stocks-ex-negative-earners-forward-pe-relative-large-cap-stocks</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-stocks-historic-gap-relative-returns</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-vs-large-new-low-rolling-10yr-annual-excess-return-back-1935</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/quality-factor</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-outperformance-has-been-unprecedented-our-investing-careers</loc>
  <lastmod>2026-11-09T14:27:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-power-producing-countries-1985-2024</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/patience-investing-paramount</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/valuation-matters-over-long-term</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-inflation-us-college-tuition-and-fees-june-1985-june-2025</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-rolling-10-year-relative-total-return-growth-vs-value</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2009-tracking-1982-99-bull-market</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bonds-relative-value-vs-equities-presents-potentially-compelling-forward-looking-opportunity</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/value-vs-growth-performance-cycles</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/housing-prices</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-30-year-returns</loc>
  <lastmod>2026-11-09T14:27:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-cape-ratio-1881</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/wealth-distribution-and-housing-price-growth-france</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/calendar-year-return-bloomberg-municipal-and-bloomberg-us-aggregate-bond-indexes</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/where-have-sp-500s-returns-come-over-past-15-years</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/5-year-treasury-yields-vs-5-year-returns</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-market-returns-decade</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/high-yield-bond-spread</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-peak-eps-yield-vs-baa-yield</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-value-share-world-gdp-vs-multiple</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/components-sp-500-10-year-rolling-real-returns</loc>
  <lastmod>2026-11-09T14:27:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuations-vs-future-10-year-real-returns</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuations-vs-earnings-and-free-cash-flow-over-time</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuation-multiples-082025-vs-historical</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/subsequent-international-equity-relative-performance-after-periods-out-and-underperformance</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-personal-income-tax-rates-europe</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/breakdown-different-wealth-thresholds-euros</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/distribution-returns-us-stockstop-and-bondsbottom-1800-2024</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-msci-world-ex-usa</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/french-pensioners-now-have-higher-incomes-working-age-adults</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-us-10yr-treasury-yield-performance-fed-rate-cut-cycles-1966-absolute-percentage-point</loc>
  <lastmod>2026-11-09T14:27:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/fast-slow-thinking</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/share-world-gdo-country</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-investor-return-gaps-us-category-group-and-investment-type-10-years-ended-dec-31-2024</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/distribution-considerations-tax</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/what-are-your-options-getting-your-funds-out-your-retirement-account</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/what-are-your-options-getting-your-funds-out-your-us-retirement-account</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/leadership-equity-rotations-often-occur-during-or-right-after-bear-markets</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/do-current-profit-margins-justify-high-forward</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-profit-margin-resilience-miracle-or-fluke</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-manufacturing-pmi-new-exports-orders-and-em-sp-index</loc>
  <lastmod>2026-11-09T14:27:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/will-em-stocks-break-out</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/weight-names-sp-500-trading-10x-trailing-12m-ps</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-real-estate-sector-index-trends-1996-2025</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/emerging-markets-vs-developed-markets</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-active-fixed-income-funds-success-rate</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-3-year-sp-600-small-cap-returns-minus-rolling-3-year-sp-500-large-cap-returns</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growth-2000-invested-annually-sp-500-2005-2024</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-housing-shortage</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-active-equity-funds-success-rate</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-index-pe-valuations-vs-history</loc>
  <lastmod>2026-11-09T14:27:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/6040-can-have-long-periods-weak-returns</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buyout-dpi-fund-size-msci-burgiss-all-funds</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/agency-mbs-spreads-have-widened-meaningfully-and-are-near-historical-wides</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-tips-index-return-distribution-starting-yields-between-15-25</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/illinois-share-us-real-gdp-and-real-gdp-growth-last-20-years</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/evergreen-private-equity-fund-performance-dispersion</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-historical-odds-future-bear-market-20-drawdown</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/20-year-us-treasury-total-return</loc>
  <lastmod>2026-11-09T14:27:53-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gainloss-all-sp-500-bull-and-bear-markets</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-sp-500-price-12-months-and-after-bear-market-lows</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/margins-continue-improve</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-sp-500-returns-decades</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/private-credit-bubble</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-government-debt</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/magnificent-7-performance</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investing-alltime-highs</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cycles-dm-exus-outperformance-and-usd</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-10-sp-500-companies-market-capitalization</loc>
  <lastmod>2026-11-09T14:27:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/total-returns-2000-2009</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-market-drops-are-common-and-so-are-strong-recoveries-one-year-later</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/alternatives-correlations-returns-and-yields</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/why-chicago-education-livabilityaffordability</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investing-all-time-highs</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percentage-time-6040-returns-were-positive-or-outperformed-cash</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-returns</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cycles-international-outperformance-and-us-dollar</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/fixed-income-yields-and-forward-returns</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-intra-year-declines-vs-calendar-year-returns</loc>
  <lastmod>2026-11-09T14:28:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/length-and-severity-bear-and-subsequent-bull-markets</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growth-sectors-are-outperforming-us-while-value-sectors-are-leading-rest-world</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dollars-headed-its-worst-first-half-performance-1973</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/time-horizon-matters-equity-volatility-similar-bond-volatility-over-long-time-periods</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dont-fear-all-time-highs</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/all-time-highs-sp-500-are-common</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-much-does-your-annual-salary-need-be-you-feel-happyless-stressed</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/fees-taxes-and-behavior-are-enemy-returns</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/comparison-1-year-vs-25-year-annualized-sp-500-total-returns</loc>
  <lastmod>2026-11-09T14:28:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/adult-obesity-high-income-countries</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-index-historical-drawdowns</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/l-chelle-des-revenues-de-lobservatoire-des-galit-s</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/after-tax-index-median-pre-tax-and-median-after-tax-large-cap-core-fund-annualized-vs-sp-500</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-10-year-total-returns</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/death-mutual-funds-taxable-investors</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/june-30-ytd-asset-class-performance-10-year-forecast</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-return-risk-sept-2004-june-2025</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-non-us-stock-market-fundamentals</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-federal-government-finances-vs-total-debt</loc>
  <lastmod>2026-11-09T14:28:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/scenario-analysis-fixed-income-asset</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/long-term-non-us-stock-performance-through-june-2025</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/lost-decade-dot-com-bust-global-financial-crisis</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/long-term-returns-stocks-bonds-and-t-bills-1926-june-2025</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-aggregate-index-inflation-adjusted-yield</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-caps-near-record-low-valuation-versus-large-caps</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-free-cash-flow-vs-price</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-market-real-returns-decade</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-600-relative-russell-2000</loc>
  <lastmod>2026-11-09T14:28:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/change-life-expectancy-and-health-expenditure-1970-2023</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-rolling-nominal-return-annualized-10-year-us-govt-bonds</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/standout-start-dollar-alternatives</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-valuations</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/spiva-around-world-active-funds-underperformed-benchmarks</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pimcos-capital-market-assumptions-munis-look-compelling</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/lost-decade-growth-1-2000-2009</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/lost-decade-sp-500-annual-returns-2000-2009</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growth-1-sp-500-vs-treasury-bills</loc>
  <lastmod>2026-11-09T14:28:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/potentially-opportunistic-time-tax-exempts</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000sp-500-ratio</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/life-expectancy-gaps-income</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/value-performance-volatile-periods-and-following-volatile-periods</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-home-price-history-1890-2025</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-12-month-returns-russell-2000-during-recovery-depending-various-entry-points</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-calendar-returns-and-intra-calendar-year-largest-declines</loc>
  <lastmod>2026-11-09T14:28:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/subsequent-6-month-and-1-year-performance-russell-2000-after-25-decline</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/usa-commercial-property-price-index</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-eafe-and-msci-usa-relative-performance</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/vanguards-forecasts-asset-class-performance</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cliffwater-evergreen-private-equity-index-vs-msci-acwi-index</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/individual-evergreen-private-equity-fund-performance-compared-msci-acwi</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/ncreif-property-index</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-does-holding-more-cash-impact-your-returns</loc>
  <lastmod>2026-11-09T14:28:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-excluding-best-and-worst-days</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-dividend-yield-vs-10-year-treasury-yield-1900-2025</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-value-vs-growth-relative-valuations</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-returns-different-valuation-and-yield-regimes</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-real-return-decomposition-backward-expanding-averages</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-level-high</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/median-house-price-us-state-2020-vs-2025</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-outperformed-state-street-private-markets-index-all-time-horizons-0</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-annual-total-return-intra-year-max-drawdown</loc>
  <lastmod>2026-11-09T14:28:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-dpi-generation</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-annual-expenses-mutual-funds</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/your-money-market-fund-ripping-you</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-prices-have-followed-path-earnings-over-time</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/morningstar-us-fixed-income-index-returns</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buffett-indicator</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/berkshire-hathaway-balance-sheet</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/only-2-all-equity-large-cap-funds-remained-top-half-over-five-year-period</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/weight-top-10-names-sp-500-1970-2025</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-sp-500-return-decade</loc>
  <lastmod>2026-11-09T14:28:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30y-mortgage-and-10y-us-treasury-yield-spread</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investment-growth-2000-2010-hypothetical-investment-growth-2011-2024</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/major-asset-classes-10-year-rolling-returns-above-cash-1970-present</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/major-asset-classes-rolling-10-year-sharpe-ratio-1970-present</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/major-asset-classes-cumulative-returns-above-cash-1970-present</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cycles-dm-ex-us-outperformance-and-usd</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/20-year-manager-return-dispersion-and-growth-capital</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/frequency-positive-returns-across-timeframes</loc>
  <lastmod>2026-11-09T14:29:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-16-week-relative-returns-high-vs-low-quality-small-and-mid-cap-stocks</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-intra-year-declines-vs-calendar-year-returns</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-returns-intrayear-drawdowns-1950-2024</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-price-index</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-return-expectations-and-uncertainty</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-trailing-10-year-relative-total-return</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/em-equities-ex-china</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-vs-us-stocks-rolling-4-month-performance-spread</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-worst-2-day-declines-sp-500-index-and-recoveries</loc>
  <lastmod>2026-11-09T14:29:08-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/building-wealth-womens-aspirations-growing-financial-power</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-broad-trade-weighted-us-dollar-real-effective-exchange-rate-over-under-valued</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dalbar-study-average-equity-fund-investor-vs-indexes-over-30-years</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percentage-companies-outperforming-sp-500</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-markets-offer-premium-relative-bonds</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-rolling-ten-year-relative-total-return-growth-vs-value</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investors-are-most-uw-us-dollar-may-2006</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/biggest-sp-500-index-rallies-over-27-trading-days-1950-2025</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-rolling-best-and-worst-annualized-total-returns</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/equities-just-had-one-sharpest-drawdowns-last-75-years-have-recovered</loc>
  <lastmod>2026-11-09T14:29:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/various-currencies-log-gold-100-081971-081971-042025</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/law-large-losses</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-now-comprises-c75-msci-world-index-exceeding-early-70s-nifty-50-era</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-secular-bear-longest-record</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rent-vs-own-cost-continues-widen</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-yr-rolling-total-return-annualized</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/housing-starts-signal-limited-future-supply</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/mortgage-rates-are-high-weighing-housing-demand</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growth-total-millionaires-over-last-decade</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-investment-returns-during-tariff-regimes</loc>
  <lastmod>2026-11-09T14:29:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-countries-most-millionaires-centimillionaires-and-billionaires</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-eafe-index-vs-msci-us-index-3-year-rolling-returns-us</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/what-happens-after-10-drawdown</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-stock-market-selloffs-0</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-historical-composite-secular-highs-and-lows-1877-2025</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-rolling-2-day-returns</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/ownership-us-equities-investor-type-1945-2024</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cost-home-ownership-compared-renting</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/consumer-sentiment-index-and-subsequent-12-month-sp-500-returns</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/yield-worst-and-subsequent-5-year-annualized-returns</loc>
  <lastmod>2026-11-09T14:29:27-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-federal-debt-share-gdp</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/odds-experiencing-bear-market-increase-holding-period</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-5-year-returns-value-versus-growth-1932-2020</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/mag-7-mania</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/largest-bond-discount-decades</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historically-odds-gains-increase-holding-period</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/yield-fixed-income-has-surpassed-stocks-earnings-yield</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-needs-vs-wants</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/appetite-destruction-1982-2025</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-6040-portfolio-becomes-8218-portfolio-over-time</loc>
  <lastmod>2026-11-09T14:29:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growthvalue-ratio-hit-levels-last-seen-2000</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/total-housing-inventory</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/there-are-nearly-500000-more-sellers-buyers</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/weekly-returns-famafrench-total-us-market-research-index-1926-2024</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/return-variables-decade-show-where-stock-market-performance-comes-1900-2009</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-returns-after-different-valuation-and-yield-regimes-0</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cost-home</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/6040-portfolio-real-yield</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/correlations-returns-and-yields</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/alternatives-and-portfolio-riskreturn</loc>
  <lastmod>2026-11-09T14:29:39-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/earningscoupon-yield-6040-portfolio-6040-earningscoupon-yield-and-subsequent-returns</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/6040-annual-return-decomposition-sp-500-us-10-year-treasury-correlation</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dollar-fell-11-past-5-months-1971-2025</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sector-exposure-around-globe</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equities-are-priced-exceptionalism</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-adjusted-growth-1-over-last-30-years</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-many-households-have-1m-net-worth-1910-2024-0</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-outperformance-international-equity-categories</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-state-taxes-have-changed-2000</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/ownership-us-equity-market</loc>
  <lastmod>2026-11-09T14:29:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/country-stock-market-returns-and-rankings-2005-2024</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-corrections-recoveries-and-opportunities-1997-2024</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/mortgage-treasury-yield-spread</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-market-concentration</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-annual-wage-usd</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/good-times-invest-except-one</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sharp-market-declines-tend-be-followed-sharp-increases</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/expensive-housing-market-main-issue-housing-demand</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-minus-usa-quarterly-rolling-annual-returns</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-drawdowns-greater-10-mid-1999</loc>
  <lastmod>2026-11-09T14:29:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-market-returns-have-been-strong-after-steep-declines-0</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-nominal-total-return-1</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-four-valuation-indicators</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bear-market-bottoms-wwii</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/drawdowns-5050-portfolio</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-most-intense-phase-drawdown</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-europe-small-cap-long-term-pe-discountpremium-sp-500</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sequence-returns-comparison</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-cap-weight-us-vs-europe-developed-world</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-europe-returns-strong-vs-weak-dollar-1980-2024</loc>
  <lastmod>2026-11-09T14:29:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-index-annual-patterns-1975-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stocks-bonds-inflation-monthly-returns-1926-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-recovery-after-20-drawdowns-1900-2025</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/impact-missing-best-market-days-1988-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-cumulative-gains-vs-drawdowns-1949-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investor-return-gaps-us-category</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cost-missing-best-days-sp-500-1988-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-odds-gains-holding-period-1950-2024</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-estimates-vs-actual-returns</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/projected-global-gdp-leaders-2075</loc>
  <lastmod>2026-11-09T14:30:05-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stocks-growth-after-recessions-1926-2025</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buying-back-after-selling-cash-investor-behavior</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-adjusted-growth-1-sp-500-vs-cash-1995-2025</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/reits-vs-private-real-estate-returns-2000-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asking-rent-yoy-change-sector-2001-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-international-market-cap-gdp-1972-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stock-valuation-premium-1972-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-eafe-vs-msci-usa-valuation-gap-2005-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-international-stock-cycles-1972-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bitcoin-major-corrections-2010-2024</loc>
  <lastmod>2026-11-09T14:30:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuation-forward-10y-returns-1990-2025</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/capital-market-return-assumptions</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-europe-returns-valuation-premium</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-cap-weight-us-vs-europe-1975-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-pe-ratio-1992-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-stock-concentration-1964-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-homeowners-insurance-rate-changes</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/valuation-forward-returns-1993-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/value-vs-growth-inflationary-periods-1979-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-housing-prices-vs-disposable-income-1975-2024</loc>
  <lastmod>2026-11-09T14:30:19-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/calendar-year-bond-returns-1926-2024</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-overvaluation-peaks-1900s-2025</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/household-assets-stocks-1951-2024</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nasdaq-market-cap-vs-us-gdp-1990-2024</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/largest-us-stock-market-declines-1890-2025</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cycles-us-equity-outperformance-1971-2024</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/reit-allocation-investor-objectives-2009-2025</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/excess-returns-active-bond-funds</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/excess-returns-active-large-blend-funds</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-state-income-tax-rates-2025</loc>
  <lastmod>2026-11-09T14:30:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/diversification-across-decades-1970-2024</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stock-market-real-peak-values-crashes-1870-2025</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-index-1920-2025</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-trendline-growth-1925-2025</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-acwi-yields-vs-secular-trends-1925-2024</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/efficient-frontier-decade-1960-2014</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-annualized-returns-asset-class</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-return-6040-portfolio</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/starting-valuations-and-forward-10-year-returns-1970-2024</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/eafe-vs-us-returns-1969-2024</loc>
  <lastmod>2026-11-09T14:30:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-europe-outperformance-1972-2020</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-forward-pe-russell-2000-vs-1000-1985-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-vs-large-cap-valuations-1979-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/listed-reits-vs-private-real-estate-returns-1998-2022</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/importance-staying-invested-impact-missing-best-days</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/importance-long-term-perspective-rolling-returns</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/diversified-portfolio-vs-sp-500-index-returns-and-drawdowns-1999-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/diversified-portfolio-calendar-year-returns-1999-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/think-beyond-sp-500-asset-class-returns-1995-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-performance-review-1995-2024</loc>
  <lastmod>2026-11-09T14:30:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-annual-returns-distribution-1926-2024</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-global-ex-us-equities-relative-performance-1970-2025</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-market-valuation-percentiles-vs-history-1980-2023</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-equal-weight-ratio-2005-2025</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-tariff-rates-us-imports-1820-2025</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-bond-index-longest-drawdowns-1976-2025</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-total-return-year-1977-2025</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fund-success-rates-category-2024</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-range-annual-total-returns-1973-2023</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-cumulative-returns-and-bear-markets-1926-2024</loc>
  <lastmod>2026-11-09T14:30:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cape-ratio-vs-trend-1890-2020</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-great-depression-crash-recovery-1929-1954</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-index-1968-2025</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/impact-missing-best-days-sp-500-growth-1988-2024</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-china-vs-acwi-excess-returns-1993-2024</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-ytd-performance-us-dollar-dxy-1995-2025</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-historical-returns-major-events-1950-2020</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-china-cumulative-price-return-1993-2025</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-total-return-year-1977</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-top-10-holdings-1980-2025</loc>
  <lastmod>2026-11-09T14:30:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/aaii-bull-survey-and-year-ahead-stock-returns-decile</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/glide-path-comparisons-among-target-date-fund-providers</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-annualized-return-forecasts-asset-class-2025-outlook</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/geopolitical-risk-cash-not-your-friend</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/public-and-private-manager-dispersion-chart</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/6040-portfolio-earnings-and-yields</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-cape-ratio-vs-forward-10-year-real-returns-1945-2024</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-and-taxes-have-had-significant-effect-cd-returns</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pass-performance-vs-future-results-equity-funds</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fund-survival-rates-morningstar-category</loc>
  <lastmod>2026-11-09T14:30:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-funds-average-trailing-10-year-returns-and-fees</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-fund-success-rates-category-1-20-years</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/european-value-vs-growth-trailing-pe-1980-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-annual-returns-1926-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-returns-decade-1930s-2020s</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buffett-valuation-metric-largest-50-stocks-market-cap-gdp-1989-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-annual-total-returns-1926-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-rest-world-earnings-growth-2000</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-logarithmic-w-bull-and-bear-markets-1928-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-trailing-vs-forward-pe-ratio-1929-2024</loc>
  <lastmod>2026-11-09T14:31:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-performance-after-two-years-bull-market-1928-2024-vs-sp-500-performance-after-year-two</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp500-two-year-rate-change-1930-2024-vs-sp-500-performance-after-2-year-returns-reach-95th</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/house-payments-median-income-1967-2024</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollars-divergence-fair-value-1995-2024</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-europeus-vs-relative-pe-ratio-1970-2025</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percentage-sp-500-stocks-outperforming-sp-500-over-calendar-year-1974-2024</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/while-early-rate-cuts-historically-bode-well-rate-returns-latest-cycle-stands-out-1989-2024</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/agency-mortgage-backed-securities-mbs-asset-class-provides-high-quality-yield-pickup-1995-2023</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/starting-yields-are-strongly-correlated-5-year-forward-returns-1978-2024</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-forward-pe-ratios-and-subsequent-10-year-returns</loc>
  <lastmod>2026-11-09T14:31:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-large-cap-stocks-today-vs-10-years-ago</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-5-year-annualized-alpha-market-concentration</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-concentration-has-been-increasing-1952-2024</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/magnificent-7-effect-dec-2022-dec-2024</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/corporate-spreads-are-snug</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/total-return-yoy-global-equities-vs-g7-10-year-government-bonds</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/aggregate-financial-asset-allocation-across-households-mutual-funds-pension-funds-and-foreign</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cpi-rent-primary-residence-2001-2025</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-and-earnings-sp-500-index-price-and-trading-earnings-share-1990-2025</loc>
  <lastmod>2026-11-09T14:31:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/after-tax-index-median-pre-tax-index-and-median-after-tax-large-cap-core-fund-annualized</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-valuation-us-small-cap-stocks-1975-2020</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-valuation-us-value-stocks-1981-2021</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-various-styles-within-major-equity-regions</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-has-followed-path-earnings-over-time-1945-2020</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-allocation-returns-2009-2023</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-mutual-funds-and-etfs-have-outperformed-their-median-passive-peers-bonds-not-stocks</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-years-global-equity-returns-region-1991-2024</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/forward-pe-ratio-small-cap-stocks-relative-large-cap-stocks-1976-2024</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/individual-income-percentiles-1964-2024</loc>
  <lastmod>2026-11-09T14:31:23-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/broad-real-us-dollar-1975-2025</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-yields-sit-levels-not-seen-over-decade-2000-2025</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-treasuries-entering-6th-year-3rd-great-bond-bear-market-past-240-years-1790-2020</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-top-10-vs-490-equal-weighted-1957-2022</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-vs-russell-1000-median-ltm-evebit-ex-negative-ebit-companies-1999-2023</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-total-market-cap-percentage-russell-3000-total-market-cap-1984-2024</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-large-cap-market-cycles-12311931-11302024</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-value-and-small-cap-are-only-indexes-near-their-historical-average</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/today-yields-are-much-stronger-starting-point-when-compared-q4-2021</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/why-yields-matters-higher-yields-anchor-return-potential</loc>
  <lastmod>2026-11-09T14:31:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-return-distribution-when-starting-yields-are-between-4-5</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/higher-returns-have-historically-followed-higher-starting-yields-1976-2024</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/case-investing-international-markets-2013-2024</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/investors-need-manage-equity-sell-offs-regardless-their-origin</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/when-stocks-decline-treasuries-have-provided-attractive-returns-1929-2022</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/high-quality-core-bonds-may-be-able-deliver-more-attractive-returns-equities-5-year-annualized</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-historical-risk-return-1926-2024-annualized-total-returns</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-total-returns-world-war-ii</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/100k-invested-6-month-cds-against-inflation-1990-2025</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/private-equity-vs-public-market-performance</loc>
  <lastmod>2026-11-09T14:31:36-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/public-markets-vs-private-equity-performance-2000-2024</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/public-markets-vs-private-equity-performance</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/25-year-performance-private-equity-vs-public-markets-2000-2024</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/european-stocks-are-beating-us-record-1999-2025</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/american-stocks-worst-quarter-23-years</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-drawdowns-1950</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-sp-500-after-10-corrections</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/36-month-lump-sum-investment-minus-36-month-dollar-cost-average-1928-2024</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-corrections-5-march-2009-low</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/forward-6-month-sp-500-return-volatility-index-vix-starting-levels</loc>
  <lastmod>2026-11-09T14:31:42-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/replicating-private-equity-small-cap-stocks-1988-2018</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/economic-policy-uncertainty-index-2005-2025</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trying-miss-markets-worst-days-often-results-missing-best-days-1993-2023</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/missing-few-markets-best-days-can-reduce-returns-1993-2023</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/deviating-sound-investment-plan-has-tended-erode-returns-1993-2023</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-all-country-world-index-2000-2024</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-gold-price-april-2025-terms</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-united-states-1955-2025</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-stock-market-downturns-are-positive-bonds</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-posts-3rd-biggest-one-day-gain-wwii</loc>
  <lastmod>2026-11-09T14:31:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buffett-indicator-corporate-equities-gdp-1950-2025</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/50-years-sp-500-corrections-1975-2025</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/75-active-real-estate-funds-have-outperformed-passive-last-5-years</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/active-management-winning-strategy-real-estate-category</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-years-empires-peak</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/great-empires-1500-2024</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/great-empires-600-2024</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-outperformance-vs-europe-unprecedented-our-investing-careers-1970-2024</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-market-offer-premium-relative-bonds-2003-2025</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-historically-rises-and-falls-multi-year-cycles-1973-2025</loc>
  <lastmod>2026-11-09T14:31:56-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stock-valuation-premium-remains-elevated-relative-international-1970-2024</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/great-empires-1500-2025</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-house-prices-1976-2025</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-global-indices-vs-gdp-2001-2025</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/europe-vs-us-fcf-yield-2006-2025</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pe-discount-europe-vs-us-2004-2024</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/french-business-culture-vs-american-business-culture</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/europe-vs-magnificent-seven-market-capitalization-2004-2024</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-caps-near-historic-low-versus-large-caps-1988-2024</loc>
  <lastmod>2026-11-09T14:32:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-three-year-us-long-term-nominal-inflation-bond-total-returns-1802-2022</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-and-taxes-have-had-significantly-negative-effect-cd-returns-2005-2024</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/private-debt-all-weather-alternative</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gold-has-been-inconsistent-stock-exchange</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-many-vacation-days-did-you-take-last-year-sep-oct-2024</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/treasury-bonds-have-been-inconsistent-stock-hedge</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-corporate-exceptionalism-priced-their-stocks-1980-2020</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/secular-bull-bear-markets-sp-500-index-1920-2025</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/returns-after-15-drawdowns</loc>
  <lastmod>2026-11-09T14:32:11-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-all-time-peaks-valuation-1900-2030</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dxy-index-weekly-prices</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/saving-consistently-over-time-can-better-prepare-future-education-expenses-over-15-years</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-return-sp-500-peak-every-bull-market</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-estimated-full-time-undergraduate-budgets-enrollment-weighted-2024-2025-0</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-gold-price-inflation-adjusted-1980-2024</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hypothetical-withdrawal-rates-time-horizon-portfolio-allocation</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gold-annual-returns-1971-2025</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annuity-advantage-lower-return-environment-market-performance-1950-2023-vs-slow-growth-low</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bear-markets-1929-present</loc>
  <lastmod>2026-11-09T14:32:18-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-annualized-monthly-total-returns-1997-2024</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sequence-returns-risk</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/consensus-sp-500-estimates-vs-actual-returns-2018-2024</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-stock-and-bond-return-ranges</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-value-index-vs-russell-2000-growth-index-valuation-trends-1997-2024</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-returns-decade</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-cycle-details-small-cap-value-vs-all-other-small-cap-1963-2024</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-max-intra-year-drawdowns-vs-end-year-total-returns-1950-2025</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/r2000v-forward-pe-ratio-vs-r2000v-forward-pe-ratio-divided-r2000g-forward-pe-ratio-2004-2024</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/recession-and-stock-market-drawdowns-1925-2022</loc>
  <lastmod>2026-11-09T14:32:25-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-cycle-details-small-cap-vs-large-cap-1926-2024</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/subsequent-6-montha-1-year-performance-russell-2000-after-25-decline-1980-2025</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-index-vs-russell-1000-index-valuation-trends-1997-2024</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-drawdowns-15-or-greater</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-1000-growth-index-vs-russell-2000-value-index-1997-2024</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-does-age-affect-optimal-reit-allocation</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trailing-12-month-60-month-return-differentials-between-us-non-us-stocks-1970-2024</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bear-markets-how-deep-your-loss</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-calendar-returns-and-intra-calendar-year-largest-declines-2001-2025</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-vs-russell-1000-median-ltm-evebit-2000-2024</loc>
  <lastmod>2026-11-09T14:32:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-cap-and-large-cap-market-cycles-1931-2025</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-crash-timeline-growth-1-and-us-stock-markets-real-peak-values-1870-2024</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-total-market-cap-russell-3000-total-market-cap-1984-2024</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-market-returns-have-been-strong-after-steep-declines</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/household-debt-disposable-income-2000-2024</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buffett-indicator-us-stock-market-value-gdp-1950-2024</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/price-bottoms-9m-eps-bear-markets-1957</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/35-recessions-us-1854</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-high-yield-very-liquid-index-rolling-6-month-drawdowns-1998-2024</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-high-yield-index-option-adjusted-spread-over-us-treasuries-1995-2025</loc>
  <lastmod>2026-11-09T14:32:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/increased-credit-risk-can-also-mean-greater-losses</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-trade-dominance-us-vs-china-2000-2024</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hours-work-buy-1-ounce-gold-1929-2024</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/indices-morningstar-global-markets-vs-global-core-bond-2000-2024</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-declines-and-subsequent-recoveries</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/russell-2000-vs-russell-10-year-average-annualized-total-return-spread-1998-2024</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/1-year-vs-10-year-riskreturn-asset-class</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-lags-most-32-years-1993</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-annual-return-and-max-intra-year-drawdown-1928-2024</loc>
  <lastmod>2026-11-09T14:32:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/designing-your-life-after-college-growth-100</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nominal-returns-comparison-expected-10y</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cumulative-total-returns-2000-2009</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/gold-vs-inflation-correlation-1971-2020</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/return-spreads-between-small-caps-and-large-caps-1930-2024</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-1971</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/euro-funds-and-inflation-1995</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/time-different-1950</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-market-drops-and-recoveries-one-year-later-1940-2025</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/marginal-tax-rates-income-1913-2024</loc>
  <lastmod>2026-11-09T14:32:52-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-return-cycles-rolling-5-year-return-1981-2025</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/5-year-rolling-excess-returns-international-vs-us-equities-1974-2023</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-international-equity-valuations-1980-2023</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cross-asset-market-returns-stocks-bonds-commodities-dollar-1977-2024</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuation-vs-future-returns-1987-2024</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-price-manias-compared-nifty-fifty-magnificent-7</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trying-buy-back-after-going-cash</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-global-equities</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/55-20y-periods-see-10-annual-returns</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-performance-1953-2024</loc>
  <lastmod>2026-11-09T14:32:59-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-vs-us-equity-market-capitalization-2004-2024</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-yield-response-after-fed-rate-cuts-2024-vs-history</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10y-yield-vs-fed-funds-rate-divergence-2024</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/diversification-and-risk-asset-class</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-forecast-vs-reality-analyst-misses-2000-2024</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/20-year-historical-returns-vs-volatility-traditional-vs-real-asset-portfolios</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bear-market-recoveries-troughs-peaks-1949-2024</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equities-vs-global-equities-relative-performance-1969</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2025-jp-morgan-long-term-return-forecasts-asset-class-and-region</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/canada-vs-us-stock-performance-and-exchange-rate-trends-1989-2024</loc>
  <lastmod>2026-11-09T14:33:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-rolling-2-day-returns-1950-2025</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/what-happens-after-10-drawdown-1900</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-rsi-spikes-during-major-global-events-1993-2024</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-return-index-vs-consumer-expectations-index-2013-2025</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/1966-68-vs-2022-24-analog</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-max-intra-year-drawdowns-vs-end-year-returns-1928-2025</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2024-sp-500-targets-vs-actual-price</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-corporate-profits-after-tax-percentage-gdp-1960-2024</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/forecasted-population-trends-country-2000-2100</loc>
  <lastmod>2026-11-09T14:33:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-world-net-return-during-33-years-global-crises-1990-2023</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-concentration-top-stocks-over-time-1925-2024</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/homeownership-premium-vs-renting-2000-2024</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/returns-private-equity-private-credit-and-equity-benchmarks-2000-2023</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-sp-500-index-historical-events-1904-2024</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-performance-over-every-15-year-period-1970</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/drawdowns-us-bloomberg-aggregate-bond-vs-sp-500-1990</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-drawdown-peak-1986-2025</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-stock-market-selloffs-1950-2025</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-equal-weight-vs-market-cap-weight-index-performance-1970-2024</loc>
  <lastmod>2026-11-09T14:33:21-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-total-returns</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-equity-market-returns-and-capitalization-share-1987-2024</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-sp-500-vs-magnificent-7</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/yield-worst-vs-5-year-bond-returns-1976-2024</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-forward-pe-ratio-vs-30-year-average-1994-2024</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-price-index-and-valuation-metrics-1996-2024</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-length-bull-markets-1949-2022</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-global-markets-and-dollar-strength-1991-2024</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-returns-asset-class</loc>
  <lastmod>2026-11-09T14:33:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-historical-composite-secular-highs-and-lows-1870-2024</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-has-returned-10-year-average-1950</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-corrections-10-march-2009</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-maximum-intra-year-drawdown-vs-end-year-returns-1980-2025</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2024-total-returns-index</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/impact-market-timing-sp-500-returns-1990-2019</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/european-stocks-vs-sp-500-without-nvidia</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-returns-after-20-gains-1950-2024</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/fed-funds-vs-10-year-treasury-yield-1995-2024</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-bond-prices-1995-2024</loc>
  <lastmod>2026-11-09T14:33:34-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-corporate-bond-prices-1995-2024</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-bond-returns-1976-2024</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/inflation-treasury-yields-fed-funds-rate-1960-2024</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-10-year-returns-around-fed-cuts</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/returns-us-stocks-govt-bonds-and-gold-1800</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-1-year-return-various-vix-index-levels</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-bear-markets-sp-500</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/worst-2-day-price-moves-1950</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/expected-returns-asset-class-past-5-years-vs-next-5-years</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-performance-us-equities-vs-global-equities-1969-2024</loc>
  <lastmod>2026-11-09T14:33:40-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/expected-return-ranges-and-asset-class-correlations-private-markets</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-trailing-free-cash-flow-and-price-1985-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-trailing-free-cash-flow-yield-1985-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/household-balance-sheet-corporate-liquidity-1960-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-central-bank-easing-activity-1995-2023</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-and-us-bond-index-correlation-1976-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-valuation-20-year-peak</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/yield-comparison-2013-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trumps-average-tariff-rate-1890-2024</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/time-heals-all-wounds</loc>
  <lastmod>2026-11-09T14:33:47-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/uks-real-gdp-growth-brexit-2019-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/distribution-returns-investing-sp-500-after-15-drawdown</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/capital-market-returns-asset-class-1926-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/2024-asset-class-returns-long-term-forecast</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/long-term-returns-us-assets-1926-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-returns-prior-year-performance-1950-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-yield-changes-after-fed-rate-cuts-1963-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/major-currency-returns-vs-usd-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/share-top-5-sp-500-stocks-1964-2024</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/yields-vs-10-year-returns-sector</loc>
  <lastmod>2026-11-09T14:33:55-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-treasury-yields-1800-2024</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-caps-vs-large-caps-1938-2024</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/realized-return-investing-sp-500-after-15-drawdown-1950-2020</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/32-10-20-sp-500-corrections-1940</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-bear-market-declines-duration-vs-dropdown</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/price-panic-1960-2024</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/theres-always-reason-sell-2009-2025</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/volatility-index-vix-historical-closes-above-50-1990-2025</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-biggest-1-day-gains-and-forward-total-returns-1950-2025</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hypothetical-growth-10000-invested-sp-500-index-1988-2023</loc>
  <lastmod>2026-11-09T14:34:02-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/best-days-ever-sp-500-1928</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/theres-always-reason-panic-30-drops-sp-500-index-1960-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-msci-em-index-1990-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stocks-have-rewarded-investors-over-long-term-1926-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/7-year-global-real-return-equity-forecasts-usd-preliminary-march-31-2025-low-scenario</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp500-bloomberg-us-aggregate-rolling-2-year-correlation-1979-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/value-extremely-cheap-1981-2023</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-free-cash-flow-vs-price-1985-2025</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cumulative-returns-sp-500-1926-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/growth-anomaly-5-year-rolling-returns-1926-2024</loc>
  <lastmod>2026-11-09T14:34:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equities-are-meaningfully-more-expensive-rest-world-gmo</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-valuations-us-market-price-book-ratios-1926-2024</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-valuations-regional-price-book-ratios-1989-2024</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-magnificent-seven-vs-sp-493</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/forecasts-vs-reality-sp-500-returns</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/99-year-history-stock-returns-adjusted-inflation-1926-2024</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/expert-forecasts-long-term-asset-class-returns</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-vs-stock-drawdowns-1990-2025</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/99-year-return-history-corporate-bonds-1926-2024</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-10-year-returns-pe-vs-traditional-asset-classes</loc>
  <lastmod>2026-11-09T14:34:17-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/15-year-us-equity-returns-1970-through-2024</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/current-market-decline-vs-historical-corrections-and-bear-markets</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-valuation-and-returns-over-100-years</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-intra-year-drawdowns-vs-year-end-returns-1928-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-drawdowns-peak-levels-1984-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-historical-composite-secular-highs-and-lows-1870-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-performance-following-10-drawdown-1900-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-sp-500-selloffs-1950-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rsi-trends-and-global-market-shocks-1993-2025</loc>
  <lastmod>2026-11-09T14:34:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-total-return-vs-consumer-expectations-2013-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-1966-68-vs-2022-24-market-analog</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-world-performance-excluding-top-10-and-nvidia</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/international-vs-us-relative-valuations</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-year-fixed-mortgage-yield-vs-effective-mortgage-rate-1980-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/longest-drawdowns-bloomberg-us-aggregate-bond-index-1976-2024</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-year-us-treasury-drawdown-and-recession-periods-1988-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-30-year-treasury-yield-trends-1990-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-dollar-index-and-recession-periods-1968-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-msci-emerging-markets-usd-performance-1990-2025</loc>
  <lastmod>2026-11-09T14:34:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-msci-emerging-markets-performance</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-global-equities-75-year-performance-1950-2024</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-treasury-yields-2014-2024</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nominal-returns-us-dollar-based-assets-1800-2024</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-1-salaries-france-age-group</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/distribution-sp-500-annualized-10-year-returns-1930</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cfa-exam-journey-attempts-and-pass-rates</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/required-annual-contributions-reach-25m-portfolio</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/dow-industrials-presidential-election-year-cycle</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-election-year-cycle</loc>
  <lastmod>2026-11-09T14:34:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/equal-weight-vs-aggregate-sp-500-returns-market-concentration</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/free-float-market-capitalization-world-total</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cape-ratio-vs-future-stock-returns</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/time-bonds-beat-stocks-over-various-rolling-holding-periods</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annual-returns-ranked-best-worst</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/jumping-and-out-may-cost-you</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/performance-net-irr-inception-date-vintage-years-2000-2023</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/allocations-alternatives-investor-type</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/realized-return-and-volatility-asset-class</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-allocation-type-allocator</loc>
  <lastmod>2026-11-09T14:34:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/impact-rebalancing-6040-portfolio</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-large-core-vs-small-cap-value-returns</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-vs-international-stock-returns-1973-2023</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-households-aggregate-financial-asset-allocation</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-shiller-cyclically-adjusted-pe-ratio</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/distribution-sp-500-annualized-10-year-returns</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-annualized-10-year-returns</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bloomberg-us-aggregate-corporate-oas-trends</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/regional-share-msci-world-market-capitalization</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/share-median-income</loc>
  <lastmod>2026-11-09T14:34:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-returns-generation</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-market-statistics-1900</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/msci-usa-vs-msci-ex-usa-price-earnings-ratio</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/european-stocks-vs-us-stocks-performance-gap</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/berkshires-cash-allocation-over-market-cycles</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/ratio-emerging-markets-stocks-vs-us-stocks</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/length-bull-markets-and-start-dates</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bitcoin-drawdowns-all-time-highs-0</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/pension-fund-asset-allocation-class</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/vc-median-net-irrs-and-quartile-boundaries</loc>
  <lastmod>2026-11-09T14:34:57-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-treasury-returns-under-interest-rate-changes</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/net-annual-returns-each-asset-over-different-periods</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-corrections-and-reit-performance-over-time</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-reits-trading-premium-navs</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/length-drawdown-vs-recovery-major-sp-sell-offs</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-number-all-time-highs-1929-2024</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-cumulative-sp-500-total-returns-1988-2023</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-vs-small-cap-value</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/changes-home-prices-and-consumer-price-index</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-spcase-shiller-us-national-home-price-index</loc>
  <lastmod>2026-11-09T14:35:03-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/spcase-shiller-home-price-indexes-year-over-year</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-spcase-shiller-home-price-indexes</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-10-active-etf-issuers-aum</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/spcase-shiller-home-price-indexes</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/evolution-equity-markets-over-time-1899-2024</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-sizes-world-stock-markets-1899-vs-2024</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-cap-vs-gdp-weight</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/real-us-housing-index-1890</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-relative-returns-across-regions</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/emerging-markets</loc>
  <lastmod>2026-11-09T14:35:09-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/hardening-divergence</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/small-caps-are-trading-25-discount-large-caps</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historical-growth-cre-investments-over-market-cycles</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cre-irr-spreads-vs-high-yield-bonds</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/comparing-cre-valuations-stocks-and-bonds</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equities-overvaluation-vs-global-ex-us-stocks</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-reits-vs-equities-earnings-multiple-spreads</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-and-down-years-stock-market-0</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-us-dollar-cycles</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/emerging-markets-equities</loc>
  <lastmod>2026-11-09T14:35:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-returns-generations</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-bond-and-treasury-bill-returns-country</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/new-high-us-foreign-born-population</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trends-us-immigration-growth</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/adoption-household-technologies-over-time</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nvidia-vs-cisco-bubble-comparison</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stock-market-returns-challenge-picking-winners</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-equity-correlation-extreme-levels</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/40-year-asset-returns-france</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/europes-valuation-discount</loc>
  <lastmod>2026-11-09T14:35:24-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-equity-market-bubbles-1973-asr-ltd-lseg-1973-2025</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/corporate-profits-near-all-time-highs-share-gdp</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stocks-profits-gaining-market-share-global-equities</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-relative-rest-world-vs-usd</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/consensus-10-year-asset-class-return-risk-forecast</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/asset-class-drawdowns-over-last-20-years</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/nfib-small-business-uncertainty-index-1980-2024</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cap-weighted-vs-equal-weighted-sp-500</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/equity-market-concentration-returns</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-household-equity-ownership-vs-returns</loc>
  <lastmod>2026-11-09T14:35:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-year-equity-free-cash-flow-vs-valuation-changes</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-free-cash-flow-yield-vs-treasury-and-baa-yields</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-free-cash-flow-yield-vs-returns</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-13-cdli-total-return-sep-2004-jun-2024</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/likelihood-stocks-outperforming-bonds-us</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/stocks-vs-bonds-long-run</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30-year-starting-safe-withdrawal-rate-asset-allocation-90-success-rate</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-housing-price-returns-1950</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/earningscoupon-yield-6040-portfolio-6040-earning-yield-and-subsequent-10-year-annualized</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-composite-10y-shiller-tr-cycle-adjusted-pe-montanaro-asset-management-1981-2024</loc>
  <lastmod>2026-11-09T14:35:38-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/buffet-indicator-us-stock-market-value-gdp-current-market-valuation-1950-2024</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/market-concentration-top-5-holdings-index-montanaro-asset-management-1994-2024</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/megacap-dominance-not-new-montanaro-asset-management-1973-2024</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-comprises-msci-world-index-exceeding-early-70s-nifty-50-era-datastream-1970-2024</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/healthcare-spending-percentage-gdp-world-bank-2023</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/top-advisor-average-expected-10-year-returns</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/global-wealth-pyramid-2023</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percentage-adults-wealth-band-sample-markets-wealth-report-2000-2023</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/financial-crisis-us-real-house-prices-have-risen-more-50-cent</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/index-us-house-price-rent-ratio</loc>
  <lastmod>2026-11-09T14:35:45-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/expected-10-year-return-6040-portfolio-has-varied-through-time-wellington-2001-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/bond-yields-have-surpassed-sp-500-index-earnings-yield-wellington-1996-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/historically-strong-risk-adjusted-returns-pgim-2012-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-performance-among-strongest-1928-bloomberg-1928-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/likelihood-stocks-out-preforming-bonds-us</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/percentage-sp-500-stocks-outperforming-sp-500-over-calendar-year-ndr-1973-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-stocks-vs-international-stocks-win-dimensional-fund-advisors-1970-2016</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-13-cdli-total-returns-sep-2004-jun-2024</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/10-15-year-asset-return-projections</loc>
  <lastmod>2026-11-09T14:35:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/worst-returns-over-20-and-50-year-holding-periods-equities</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-11-sp-500-valuations</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/cyclical-bull-markets</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-13-cdli-total-return-2004-2024</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/exhibit-15-calendar-year-return-comparison-2005-2023</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/average-excess-annualized-returns-over-bloomberg-us-aggregate-bond-index</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/predictability-irrationality-morningstar</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-index-has-followed-path-earnings-over-time-investment-strategy-group-1945-q3-2024</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/listed-reits-vs-sp500-earning-yields</loc>
  <lastmod>2026-11-09T14:35:58-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/reit-bull-market-history</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/annualized-returns-june-30-2024</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp500-returns-if-you-invested-different-times</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-large-company-stock-total-returns-log-scale</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/history-rate-cuts</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/fixed-income-spread-percentile-time-spent-or-below-current-spreads-historically</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/100-lump-sum-investing-versus-dca</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/30y-mortgage-vs-20y-yield</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/mortgage-rates</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/how-engagement-college-seniors-compares</loc>
  <lastmod>2026-11-09T14:36:06-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/major-matter</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/national-universities-2024-best-colleges-overall-ranking-criteria-and-weights</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/if-youre-considering-seller-maybe-consider-buyer</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/who-pays-what-where</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/trailing-10y-iq-spread-12312023-vintage-years-2012-2021</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/7-ear-global-real-return-equity-forecasts-gmo</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/composite-private-equity-performance-across-state-pensions-2000-2023</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/relative-cumulative-performance-small-caps-vs-large-caps-1931-2023</loc>
  <lastmod>2026-11-09T14:36:12-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-top-10-vs-490-equal-weighted-standard-poors-1957-2023</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/us-equity-vs-international-equity-5-year-monthly-rolling-returns-morningstar-1975-2023</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/rolling-3-yr-correlation-bloomberg-us-aggregate-bond-index-vs-sp500-morningstar-1980-2024</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp-500-returns-after-all-time-highs-ycharts</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/25th-percentile-active-mangers-average-excess-returns-decade-morningstar-2010-2024</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/prix-de-limmobilier-depuis-fred-1990-2022</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/long-term-asset-class-performance-cliffwater-2004-2023</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/tax-rates-income-and-capital-gains-1916-2024</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog/sp500-hits-all-time-high-investors-question-if-now-good-time-invest-factset-1974-2024</loc>
  <lastmod>2026-11-09T14:36:20-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/who-we-serve</loc>
  <lastmod>2026-10-27T16:40:37-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/clone-resources-more</loc>
  <lastmod>2026-11-09T14:36:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/resources-more</loc>
  <lastmod>2026-11-09T14:36:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/video-fiduciary</loc>
  <lastmod>2026-11-09T14:36:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/video-comprehensive</loc>
  <lastmod>2026-11-09T14:36:29-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/are-advisory-fees-tax-deductible</loc>
  <lastmod>2026-11-09T14:36:30-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/asset-allocation</loc>
  <lastmod>2026-11-09T14:36:30-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/retirement-planning</loc>
  <lastmod>2026-11-09T14:36:30-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/video-library</loc>
  <lastmod>2026-11-09T14:36:30-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/history</loc>
  <lastmod>2026-11-09T14:36:30-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/welcome-bfm-community</loc>
  <lastmod>2026-11-09T14:36:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/outstanding-alumnus-award</loc>
  <lastmod>2026-11-09T14:36:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/process</loc>
  <lastmod>2026-11-11T19:24:49-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/mission</loc>
  <lastmod>2026-11-10T16:22:48-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/video-fiduciary-0</loc>
  <lastmod>2026-11-09T14:36:32-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/video-straightforward-fee</loc>
  <lastmod>2026-11-09T14:36:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/home</loc>
  <lastmod>2026-11-09T14:36:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/contact</loc>
  <lastmod>2026-11-10T09:32:31-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/benefits</loc>
  <lastmod>2026-11-09T15:05:16-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/disclosures</loc>
  <lastmod>2026-11-09T14:36:33-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/why-bfm</loc>
  <lastmod>2026-11-10T16:31:51-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/resources-tips</loc>
  <lastmod>2026-11-12T12:27:43-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/about-us</loc>
  <lastmod>2026-11-12T12:26:44-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/newsletter</loc>
  <lastmod>2026-11-10T09:49:28-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/team-member/patrick-bourbon-cfa-cfpr</loc>
  <lastmod>2026-11-12T12:16:15-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/blog</loc>
  <lastmod>2026-11-13T05:01:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/events</loc>
  <lastmod>2026-11-13T05:01:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/faq</loc>
  <lastmod>2026-11-13T05:01:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/products-services</loc>
  <lastmod>2026-11-13T05:01:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
 <url>
  <loc>https://www.bourbonfm.com/team-member</loc>
  <lastmod>2026-11-13T05:01:14-07:00</lastmod>
  <changefreq>monthly</changefreq>
  <priority>0.5</priority>
 </url>
</urlset>
