Author: Dennis Miller

Male legs walking from one paycheck to another with crumpled money scattered about on the floor.

Who Owns You?

Richard Maybury grabbed my attention: “Think about it. There are really only two choices. Either you will own you, or someone else will.” I’ve subscribed to Richard’s “U.S & World Early Warning Report” for years. I re-read the section about capitalism and socialism. Here are some tidbits: (my highlights) “Laissez-faire (less-aa-fair) is from the French laissez nous […]

Money goes

The Sneaky Way Congress Plans to Fix Social Security

Politicians of all flavors continually remind us social security is in danger of going bankrupt. Now our esteemed leaders want to fix it by increasing benefits. What could possibly go wrong? Newsmax Finance reports on a recent interview with former fed head (Big Al) Alan Greenspan: (my emphasis) “Former Federal Reserve Chairman Alan Greenspan warns that cuts […]

When Is Capital Preservation Not Enough?

When Is Capital Preservation Not Enough?

Pundit Bill Bonner’s article about our growing government debt grabbed my attention. “…. When it comes to government debt, the borrower never pays; the feds have no money. The lenders – big banks, investment funds, well-heeled insiders – don’t want to pay. Generally, they collude with the feds to make sure the real cost is put on […]

Is Now the Time to Move to Bonds?

Is Now the Time to Move to Bonds?

Realizing you are wrong about a basic belief is tough. The last two weeks we discussed “The Bond Fund Risks Your Broker Won’t Tell You” and“Closed-End Bond Funds, Friend or Foe?” We concluded holding top-rated bonds is OK – individually, not in a publicly traded fund. Fund managers, chasing high returns, take risks I’m not comfortable with. […]

Closed-End Bond Funds, Friend Or Foe?

Closed-End Bond Funds, Friend Or Foe?

In our article, “Is Your Money Manager Really Listening?”, subscriber Rick G. reported a bad experience when his money manager invested in a closed-end bond fund: “…. He put me in several Closed-End Bond Funds (CEFs). He said they were good deals as they were selling at a discount to Net Asset Value (NAV). Upon further […]

The Bond Fund Risks Your Broker Won’t Tell You

The Bond Fund Risks Your Broker Won’t Tell You

Historically, funds holding investment-grade bonds have been considered a safe investment. Lending money to hundreds of well-known companies had little chance of major default and provided interest income. Has your broker mentioned new risks emerging? Bonds ratings fall into two major groups, investment grade and high yield (called junk bonds). The bond rating generally determines […]

Puzzled Confused Lost Signpost Shows Puzzling Problem

Is Now the Right Time to Move to Cash?

Is the British government going to ignore the will of their citizens and not leave the EU? The EU’s immigration policies are sparking political backlash and citizens are taking to the streets. In January, Bloomberg reported, “Mario Draghi Sounds Economic Alarm for the Euro-Area”, citing persistence of geopolitical uncertainties. What in the world is going on? […]

Socialism – The Real Trickle-Down Economics

Socialism – The Real Trickle-Down Economics

While politicos like to call tax cuts “trickle-down economics”, the real culprit is socialism. The Robin Hood theory of “steal from the rich and give to the poor” sounds noble however, in practice it doesn’t work that way. The political class tax and spend for their benefit first, then some may trickle-down to the masses. […]

Red car being towed away by yellow tow truck (1)

Will You Get Stuck Bailing Out this Industry Next?

Former Fed Chairs, Janet Yellen and Ben Bernanke took great credit for steering the world recovery from the great recession. When something good happens, it’s a result of their masterful strategic planning. Why are they totally surprised when negative news gets reported? The Business Insider headline blared, “A record 7 million Americans have stopped paying their […]