My Comments: This is about a soon to be imposed rule that applies to those of us who provide professional advice about the money you are accumulating for your retirement. It’s called the Department of Labor Fiduciary Standard rule and it’s long overdue. As a financial planner, my role is to identify the existential threats …
Category: Investing Money
The Trump effect has rallied US markets – but it’s based on illusion
My Comments: Well, today is Monday. I wonder what the markets will do today. This appeared last Thursday, from a highly respected economist whose thoughts I value. I’ve been keeping my money, and that of others for the past few months, in cash. My assumption has been that we are overdue for a correction of …
Continue reading The Trump effect has rallied US markets – but it’s based on illusion
The Basics of Investing
My Comments: This is brilliant. It comes from Rod Rehnborg who is based in Hong Kong. Too often, people in my profession start out in the weeds and drag the reader further into the weeds with every word they write. Before long you have no idea what is going on. For some of you this …
Market Insanity Reaches Record-Highs As Investors Flock Into The Biggest Bubble In History
My Comments: So much for being an optimist. There’s a point where it simply makes sense to take your money off the table and put it under the mattress. At least for a while. The markets are being driven by those who are convinced Donald Trump is the second coming. These folks seem convinced that …
Last seen in 1929, in 2000, and 2008
Stocks have only been this expensive during the crash of 1929, the tech bubble of 2000, and the last financial crisis in 2008-09 My Comments: Economics 101 teaches us that owning shares of a stock means you own a piece of the company that issued the shares. It’s value on any given day is what …
There are two Donald Trumps and two very different market outcomes
My Comments: These could be described as exciting times. Personally, I’d prefer a little less excitement. Patti Domm talks about comments made by a Bob Doll. Many years ago I met Bob when he was a senior player with a well known mutual fund company. He impressed me then and does today. You don’t reach …
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Why the Stock Market Is Stacked Against Donald Trump
My Comments: I don’t think of myself as a woe and gloom person. I really want stocks and bonds to perform well and make money for my clients. That’s the ideal outcome for them and for me. But as you’ve heard me say before, we do not live in a perfect world. And right now …
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Emerging Markets Are In Jeopardy
My Comments: Why, you might ask, is this relevant? Here is my answer: If you are retired, or making plans to retire, it could greatly influence the amount of money you have to spend and live on during the next decade. And with Trump promising to cede economic leadership to China by killing the TransPacific …
Why Retirees Should Own Stocks
My Comments: The basic premise here is accurate, but I have a problem with the author’s tactics. There is an inherent bias among those whose audience is mostly market traders. I understand this bias. I’d likely have it too if I practiced exclusively in that world. But I don’t live or work in that world. …
Why A Market Crash Could Be Just Around The Corner
My Comments: The prophet of doom strikes again! No, seriously, the evidence is mounting and the financial pundits are all talking about this. Some of it is the threat of a Trump presidency, which I believe is a real threat. The rest of it is mostly mathematics and economics and history. If you have money …
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