My Comments: With so many variables to think about, anyone with limited financial literacy is going to be confused. How old are you now? Have you developed a strategic plan for your financial future? Is there a retirement in your future? Do you listen to stock picking mavens for guidance? Are you financially sophisticated enough …
Continue reading Guggenheim’s Scott Minerd Sees Chance of S&P Falling as Low as 1,200
My Comments: Never, ever, take what I've written and/or shared as gospel. It's my opinion the market will be down further than the 35% it dropped before the bounce back. I'm willing to nibble here and there but my target date before doing anything of consequence is the end of May. And that may be …
My Comments: This week I've decided to focus my written thoughts on the stock and bond markets. As a retirement planning professional, what people have to spend in future years is very much a function of how the markets perform. All of us are aware the recent market crash was triggered by the pandemic and …
Continue reading The Reasons Why The Markets Will Go Much, Much Lower From Here
Yesterday I suggested that few people, if any, who are described as financial pundits, have a clue what's going to happen next. One of the few who comes close is Scott Minerd. You've seen me present his idea several times in the past many months. As usual, his published article has a number of charts …
The article that follows was published ten days ago and some of what is said is already out of date. How time flies when you're having fun. Or not. A few of my recent posts have suggested now is a bad time to get back into the markets, always assuming you have the necessary liquidity …
Continue reading Is America Entering Another Great Depression?
If you’re not sure what this title means, join the crowd. But it appeared in a news feed about money that I follow. I decided to read it anyway. It essentially confirms my gut feeling that the recent rally in the stock market is/was masking the reasons for further capitulation to reality as the crisis …
My Comments: I really don’t have any right now. Just a confirmation you need to be careful with your money right now. By Decian Fallon \ 26 MAR 2020 \ https://tinyurl.com/srdcmvp It looks like we are in the process of the initial bounce, but it's a bounce which typically forces 'weak hand' buyers to panic …
My Comments: First, a disclaimer saying that I’m NOT an attorney. Do NOT rely on what you read here without first talking with your attorney. Having said that, you will find this useful if you’ve ever wanted to speak from the grave or at least make sure that if you become goofy, your wishes will …
My Comments: My reaction to this headline was skepticism. Some of that’s because while I'm no longer officially in business as a financial planner and investment advisor, I don’t think of myself as retired. For much of the 20th Century, retirement was defined as a single day in time, as described in this article. However, …
Continue reading The Day You Retire Might Be One of The Hardest Days of Your Life
It’s all well and good for people like to me tell you to save more money. That’s great but how do you make it happen? Many people I talk with are already stretched, and when I suggest they put more money aside every paycheck, I get the evil eye. So let’s step back a minute. …
Continue reading Ways To Accelerate Your Savings For Retirement
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