Tony’s Friday Blog = Random Thoughts: This advice from Kaitlin Menza applies not only to millenials but to baby boomers and earlier (of which I am one). But especially to those of you with many years to live. Inertia is an insidious problem for many of us. We have money in a ‘safe’ place and …
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In Defense Of Playing Defense (Part 3)
My Comments: On Wednesday I usually talk about Globla Economics. Today, however, I’m less concerned about emerging markets than I am the evolution of ideas that influence what is happening on Wall Street. Yes, it’s influenced by the hiccups we see in emerging markets globally but the political and economic forces at work in this …
How Social Security’s Troubles Could All Just Go Away
My Tuesday Comments on Social Security: Some of us remember what happened in 1983 when Congress was sane and was facing a financial crisis. Within the span of six years, which happened to be the same six year election cycle of the Senate, the system was expected to crash. So bending to common sense, Congress …
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When Is The Next U.S. Recession And Bear Market?
My Monday Comments: All my clients, at least those who haven’t left me for greener pastures, are all concerned about the future of their money. Like me, most of them are going to need their money to pay bills as their years unfold. Losing a big percentage in a market crash makes us nervous. In …
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Why the American Middle Class Is Disappearing (and What It Will Mean for the Economy)
My Comments: Today is Wednesday and my topic is, as usual, ‘global economics’. The decline of the middle class has not happened overnight. It brings to mind the phrase ‘watching grass grow’ or ‘watching a car turn to rust’. You know it happens, but from day to day, you never notice any change. And what’s …
The Fiduciary Rule Is Dead. What’s an Investor to Do Now?
My Comments: Under the Obama administration, a long awaited and necessary step was taken to introduce rules that protected consumers of investment advice. It created a fiduciary standard for licensed financial professionals that formalized a ‘best interest’ mindset for professionals when working with clients. Very soon after Trump became president, he announced this idea was …
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How to run out of life before you run out of money
Today’s Thoughts About Retirement: Though it can be argued that money is the root of all evil, it can also be argued that it is essential for peace of mind. The challenge for all of us is to pay our bills in a timely manner and not create burdens for our survivors. I think of …
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The end really is near: a play-by-play of the coming economic collapse
My Comments: The headline says ‘really near’ but what does that mean? In my past I worked with a currency trader whose idea of a long term hold of a position he’d bought was 3 days. His idea of 'really near' was about 30 minutes. If you are now in your 30’s or 40’s, your …
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New Medicare cards: What to do if you haven’t received your new card
My Comments: I have not yet received mine but perhaps it’ll come in today’s mail. The idea is that with so much money at stake, there are too many opportunities for the bad guys to game the system. This is an effort to make that harder. I hope it works as planned. What I know …
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Watch Your Wallets — The Next Crash Is Coming
My Thoughts for Monday, Labor Day 2018: The sun is shining here, the daily showers have not yet arrived, I’ve been to the fitness center already, and life is relatively normal. Happy Labor Day! But I can get far from the reality that is our life in America these days. In many respects, it’s good …
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Helping Define Your Financial Future 