Tuesday, August 20, 2019
Dad pointed his finger at me, raised his voice and said, “Sit down, shut up, and listen!” His face was beet red; I’d pushed him too far. My parents invested in Certificates of Deposit ONLY – they never touched stocks. I showed dad charts from my economics professor outlining how much more an investor would […]
“I’m no longer trying to get rich. I’m trying to keep from getting poor!” …uttered by millions… Friend Courtenay W. referenced recent articles where Chuck Butler and I emphasized diversification. He made a great suggestion, “You should explain what you mean – diversification means different things to different people.” I visited several mutual fund companies’ booths at The Money […]
The political elite and the common man are at war over the power to govern. Will we end up as citizens or subjects? When the British voted to leave the European Union (EU), I highlighted comments from British citizens in “Brexit the Movie”: It’s the workingman versus people who think we have a better plan and a better […]
In 2007 Federal Reserve Chairman Ben Bernanke told America that, despite soaring prices, the real estate market was fine and derivatives were nothing to worry about. In 2008 America was “surprised” when the Fed went into a crisis mode. Congress passed the controversial Troubled Asset Relief Program (TARP). It was supposed to be a one-time […]
Fed Chairperson Janet Yellen reassured the world that she doesn’t believe there will be a run on the banking system, at least as long as she lives. “Would I say there will never, ever be another financial crisis? …That would be going too far but I do think we’re much safer and I hope that it will […]
The Illinois debt saga continues. The state operated without a budget since 2015. In June, just before their fiscal year end, both S&P and Moody’s downgraded Illinois’ credit rating to one level above “junk bond” status. Moody’s said: “Legislative gridlock has sidetracked efforts not only to address pension needs but also to achieve fiscal balance, allowing […]
The fundamental law of supply and demand reigns supreme. When supply is much higher than demand, it’s a buyer’s market. For savvy auto buyers, with a little patience, good values should appear as the 2017 model year winds down. While on vacation in Indiana, my regular lunch time walk to the local hamburger haven included […]
I hope everyone enjoyed their Independence Day Celebration. I came close to taking a week off when something caused me to want to read the “Declaration of Independence”. I urge every subscriber to take some time and read it through. Those who stood up for our independence paid a heavy price. The Constitution Society article, […]
During an interview with David Holland on his “Plan $tronger” television show he said, “Retirement is NOT like being on a permanent vacation”. Having been retired for over a decade I believe he is spot on! During spring break we put over 1,000 miles on the car driving grandchildren all over Arizona. Our youngest remarked, “Grandpa, being […]
Hardly a day goes by without an article blaring about record levels of debt and warning of a collapse. Irresponsible borrowing can adversely affect everyone, including those who lived within their means. Reuters reports, “Americans’ debt back at record high after nearly a decade”: “Americans’ debt level reached a record high this year, surpassing the […]
