Stock guru sees extended run-up for stocks; 'everybody into the pool' My Comments: Laszlo Birinyi is one of those people who have made both good and bad predictions before yet are almost always seen as having a better insight into the future than the rest of us. Whether we hit a record high in 2013 …
Continue reading S&P 500 Will Hit Record High in 2013: Birinyi
My Comments: The other evening I was talking with a colleague and our conversation shifted to investments and what’s likely to happen now that ObamaCare is going to happen. We agreed we are likely to go over the cliff without an agreement in place. What does it all mean? He asserted that in few years, …
My Comments: A quick analysis of a popular chart showing good times and bad times for the US economy should give everyone a better understanding of the advice given by virtually all financial advisors. Unless and until you realize the world today is different from what it was several years ago, you’re likely to take …
Continue reading Financial Advisors Cling To Failed Strategies, Says Report
My Thoughts on This: The media would have you believe that the “fiscal cliff” is the most closely watched and critical issue on the planet. How else can they promote listeners and eyeballs that result in advertising revenue? For me, it’s interesting but not critical. I think there is likely to be a slowdown in …
Continue reading Tax Increases, Spending Cuts Earn Public Support
My Comments: Not talked about much during the recent election campaign but in the back of my mind as I pondered the merits of the GOP vs Dems. The neo-con crowd who were backing Romney were the same people who pushed as hard as anyone to get us into Iraq in 2002-03 and have been …
At Schwab Impact, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank and why he’s willing to write a bigger tax check. My Comments: Most of you know that I'm a center left Democrat. I also pretend to be an economist with a reasonable understanding of economics, finance, and how the world of money works. …
Continue reading Chuck Schwab: We’ll Go Over Cliff, but Let’s Move On
My comments: I interpret the phrase, “money management” to mean everything necessary to help a client get from point A to point B with more money than they started with. All of us in the investment advisory business work hard to understand all the variables, and apply them intelligently to the needs of the client. …
Continue reading What Constitutes High-Quality Money Management?
My comments: When I saw this title, I had my doubts. Part of that is because no President has enough necessary tools, and because one doesn’t “fix” the economy; it more or less has a life of its own. If I “believe” things are better, which is a mindset, and not written in stone, then …
By Joyce Hanson, AdvisorOne The intricacies of investor psychology shed light on what people are doing to miss out on long-term opportunities—and on how advisors can help them overcome those behavioral hurdles, according to a recent report from Franklin Templeton Investments. Behavioral phenomena can have a negative impact on investor psychology, says Franklin Templeton in …
My Comments: I like to think of myself as an economist, albeit an amateur. For the past 70 years, since the end of WWII, this country has been pushing economic development across the planet. Our efforts have resulted in incredible wealth in nations that can be called rising great powers. And there has been a …
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