For those of us in the financial advice business, there is a never ending circulation of ideas that question the future outcome of our recommendations. It’s less so when the markets go up every day, but there are always uncertainties that surface. Recently, the questions have been much louder than usual. There are a number …
Tag: financial advice
Happy with RomneyCare
My Comments: Readers of this blog know that while I support PPACA, I know there are flaws and that over the next ten years or so, it will morph into something different than what it is today. But that DOES NOT mean it should be repealed. It was absolutely critical that an alternative to what …
Why Obama should pick Summers to lead the Fed
My Comments: I’ve made it clear over the past few years that I am not a fan of austerity. I believe the government has a mandate to push the envelope to make sure that ALL of us are included when it comes to sharing the pie. Can we push too hard? Oh, yes, and the …
Continue reading Why Obama should pick Summers to lead the Fed
Bits and Pieces
DOW HIGH - The Dow swung in and out of negative territory July 31st, but was up more than 100 at its session high, setting a fresh intraday record of 15,634.32. The S&P 500 and the Nasdaq held their modest gains. Earlier, the Nasdaq hit its best level since October 2000. All three major averages …
What’s Happening?
My comments: For many of my clients, the recent quarterly statements from their custodian was disturbing. The numbers suggested and does suggest that their investments are at risk and some are asking whether we’re looking at another major financial crisis. None of this is new to me; I've been down this road several times before …
Worst July For Munis Since 2003 Seen Paving Way For Rebound
My Comments: See, it's still possible to find some good news! August 1, 2013 • Bloomberg News The municipal market’s biggest July decline in a decade is leading investors such as Vanguard Group Inc. to bet history is on their side as they buy with yields close to a two-year high. Tax-exempt debt fell about …
Continue reading Worst July For Munis Since 2003 Seen Paving Way For Rebound
J.P. Morgan Weekly Market Recap – July 31, 2013
Volatility in virtually all markets have meant clients are upset and uncertain. Here is a take away from this weeks J.P.Morgan report that I think is important: "...expect growth to accelerate into the second half of the year, a realistic expectation given the easing of fiscal drag, the continued rebound in household wealth and the …
Continue reading J.P. Morgan Weekly Market Recap – July 31, 2013
Estate Planning is Dead — Long Live Retirement Planning!
My Comments: While these comments were directed toward advisors like me, they are representative of something that happens to many of us over time. What we are trained to do, and from which we earn a living, changes and we become irrelevant. An example happened in Detroit, once the heart of American car manufacturing. And …
Continue reading Estate Planning is Dead — Long Live Retirement Planning!
Am I Guilty? (And if I am, What Happens Next?)
My Comments: I’m interested in the debate about privacy, how it’s defined these days (or NOT), and as a society immersed in digital communication, how the boundaries of “acceptable” behavior are ultimately established to the benefit of ALL of us. By definition in the US Code, this blog post could be defined as “giving comfort …
Continue reading Am I Guilty? (And if I am, What Happens Next?)
Bag-Lady Specter Haunts Even Savvy Women’s Retirement
My Comments: It's a fact of life that most of us men are going to pass away before the significant women in our lives. So we attempt to keep our financial lives in order and provide the necessary resources so that those left behind can continue to live in grace and dignity. As a financial …
Continue reading Bag-Lady Specter Haunts Even Savvy Women’s Retirement
Helping Define Your Financial Future 