My Comments: A recent letter to the editor of the Gainesville Sun suggested there was a conspiracy afoot, run by the US Government, to whit “How was it possible for anyone to survive when banks were only paying 1% on Certificates of Deposit.” While the question itself is legitimate, the context implies a vast ignorance …
Category: Financial Advice
Get Ready For A Bear Market
My Comments: This person may be right, or not. Yesterdays sell-off sure was ominous but you never “know” until it’s too late. One way to profit from the downturn is with alternative investments. Only very few investment managers use them as a matter of course when promoting their skill set to the public. Those of …
Does the Government Steal Your House When You Get a Reverse Mortgage?
My Comments: People of my age are living a lot longer than before, and many of us are still distressed by what we now call the Great Recession. Whatever your financial circumstances, it’s proven once again that in our society, having more money is better than having less money. Many of us are increasingly frustrated …
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Exposing The Dark Side of Personal Finance
My Comments: A recent report that airlines may be colluding on price is but one example of corporate excess that pervades our system. It’s not yet systemic, but given the opportunity, corporate America will take steps to advance its own cause at our expense. After 40 years as a financial planner, I’m sensitive to questionable …
THE FOUR ESSENTIAL CHARACTERISTICS OF ALL BEAR MARKETS
My Comments: This article comes from January, 2009 and was written by Nick Murray. Two months later, the bear market that started in mid 2008 was over, though it took some time to realize. Meanwhile, we’ve been in a bull market for over six years now, and many are suggesting we are overdue for a …
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Republicans Dismiss Latino Concerns At Their Peril
My Comments: I’ve talked before about immigration issues. As an immigrant myself, I’m perhaps more sensitive to these issues, even though I arrived as a child from Europe. My father was looking for a better way to provide for his family and since he had lived here as a child and had a degree from …
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Sine of the Times
My Comments: Many of you have read my comments about interest rates lately. (Yesterday!) For many, many months, the Fed has used its powers to keep them low to encourage economic growth. Now that growth is again endemic, sooner rather than later, pressures will exist to cause interest rates to increase. The chart at the …
If Trees Don’t Grow To The Sky: The Next 6 Years
My Comments: You’ve read my earlier comments about whether the world we now live in is a different world. The details have changed, but the fundamentals have not. The following article will cause you to think twice if have not made plans for your money to be protected going forward. Charlie Bilello, Pension Partners, Mar. …
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Euro: Parity Like It’s 1999
My Comments: The writer featured here provides, in my judgment, the most insightful reflections on what is happening economically across the globe. It appears here without his permission, but unless and until I’m told not to share them with you, I plan to continue. March 20, 2015 / Commentary by Scott Minerd, Guggenheim Partners Europe …
This Too Shall Pass
My Comments: The daily grind of figuring out if you are going to make or lose money today can become tiresome. It’s the primary reason most of us turn the responsibility over to others. We tend to hope we made a good decision and leave it alone. It’s one reason I never subscribed to the …
Helping Define Your Financial Future 