Thursday, June 4, 2020
The Cambridge University computer crashed when famous physicist, Steven Hawking published his doctoral thesis. He says, “Each generation stands on the shoulders of those who have gone before them, just as I did as a young Ph.D. student in Cambridge, inspired by the work of Isaac Newton, James Clerk Maxwell, and Albert Einstein.” “Each generation goes […]
The conversation started when daughter Holly asked, “Are you really going to drive for over six hours to meet a guy for lunch?” “Yep!” I said. My wife Jo chimed in, “Dennis is good friends with Chuck Butler who retired from EverBank and writes the Daily Pfennig. They will probably spend 1 1/2 hours solving […]
I recently interviewed Jeff Clark about using gold as an inflation hedge. Jeff asked why I never write about gold stocks. I own several – time to fess up! Why don’t I write about gold stocks? I don’t recommend stocks, I know my limitations. You can make a lot of money with gold stocks, but you better […]
When we last checked, since 2009 the top banks had been fined a total of $204 billion. Bloomberg now reports,“Wells Fargo’s $1 Billion Pact Gives US Power to Fire Managers”: “The settlement covers issues in Wells Fargo’s auto-lending and mortgage units. The bank revealed last year that it had forced unwanted insurance on customers who took […]
The Florida Keys are a special part of the world. Longtime residents, referred to as conchs (pronounced conks) have a unique and different culture – a much simpler, laid-back, and relaxed lifestyle. The Keys are a series of islands connected by one road, US-1. The drive from the Florida mainland to Key West is a […]
Legendary congressional veteran Claude Pepper was a spokesman for the elderly. One of his often-copied quotes applies today: “A stockbroker urged me to buy a stock that would triple its value every year. I told him, at my age, I don’t even buy green bananas.” Today his comments apply not only to stocks but also […]
You can work your tail off, live below your means, save like a miser, invest like the experts, build a great retirement nest egg – and still end up with virtually nothing! Don’t take the bait! The hypocrisy of some financial professionals isn’t funny when you are talking about your life savings. When I have discussions with […]
The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack. Unfunded federal government promises are almost $113 trillion, $900,000 per taxpayer, not including another $6 trillion in state […]
Can an average investor use foreign currencies as a hedge against the rapid decline of the purchasing power of the US dollar? Last week, friend Chuck Butler and Idiscussed WHY investors should use currencies as an inflation hedge. This week we discuss HOW even small investors can do so from the comfort of their own home. […]
“Look Ma! No Hands” refers to a kid riding his bike without using his hands; a risky act of courage and daring. Family elders used the term as a warning sign when kids were showing off. I’d have scoffed at today’s kids (“chicken!”) wearing helmets while riding their bike. Falling off and skinning up your […]
