There is a wave of defaults and bankruptcies building in the economic ocean and it will soon become a tsunami. This tsunami will swamp the bond market and then the Federal Reserve, if they really do what…
We have all had to make adjustments from time to time, both large and small. As evidenced by the number in our herd, we are a fairly adaptable species. So, while we resist making them, we are pretty good…
Renowned Canadian Psychologist Paul TP Wong said “A person’s true character is often revealed in times of crisis or temptation. Make sure you have what it takes to be your best in such times.” We all know…
I have an old-ish pair of noise-cancelling headphones, and to my untrained ear, they sound like they filter the noise by just making a low humming sound in the background. They remind me of the media right…
As a follow up to our last post, I thought we’d offer some perspective on what’s next for markets because we’re seeing a lot of half-baked messages on the internet. As I type, the US stock market is down 8% on the day, and I’m seeing weather forecasters and bartenders offering investment advice to people asking what they should do. What’s next for markets is anybody’s guess. What’s next for you is entirely within your control.?
Yes, I know. It’s been a while. We’ve been busy hedging. Are you hedged?
I met with a prospective client recently who had an account full of actively managed mutual funds. When I pointed out what they were paying in fees, some of which were buried in the statements and difficult…
There are two major economic trends that have been unfolding for almost forty years now, and both are nearing a turning point. Interest rates and tax rates have been declining since the early 1980s and both must go up at some point. I’ve been telling our clients that tax and interest rates are going to go up for so long now I sound like a nut job. But sooner or later, every prognosticator is right.
I met with a personal trainer this morning who told me I need to work smarter, not harder. I’d been doing hour-long weight lifting and aerobic workouts five days a week, which poses greater injury risk and, potentially, long-term heart damage. He told me I could achieve a higher fitness level, reduce injuries, and just be healthier by working out less, and modifying other detracting behaviors.
Congress is preparing to debate the budget deal that includes the tax reform proposed by the current administration, so I thought I’d chime in with my opinion of where this might go. In a nutshell, nowhere.