My Comments: I grew up in WW2 England, in my uncle’s house, and he had a car in the garage. My father was in the Royal Tank Regiment, doing what soldiers do in a war. My life as a small boy was relatively normal. Petrol (gasoline) was rationed but I recall going for a drive …
Continue reading The End Of The Fossil Fuel Age As We Know It
My Comments: Many in my profession have been waiting for a market correction of significance for at least the past 18 months. Obviously it hasn’t happened yet, but unless you expect the sun to rise in the west, it will happen, and probably sooner rather than later. More and more commentary surfaces every day that …
Continue reading A 34-Year Tailwind For Stock Market Returns Has Run Out Of Steam
My Comments: Many ordinary investors, people who one way or another have retirement money invested in the markets, are worried. And they should be. I’m worried about my money. The tide is going to turn, and it’s probably not going to be a pretty sight. There are things you can do to protect yourself, but …
Continue reading Earnings Don’t Support A Continued Rally In U.S. Stocks
My Comments: In days past, estate planning was associated with having lots of money. This was because the IRS had their fingers in your financial pie if you died owning what is today considered a modest estate, anything more than $550,000. Since that existential threat has largely diminished for almost all of us, estate planning …
Continue reading How To Talk to Your Family About Your Estate Plan
My Comments: This might put you to sleep. Or the next bear market might cause you to leap from a tall building. You choose. If you have money invested in the markets, and your time horizon for a full recovery is limited, you should read this to the end. by Eric Parnell, CFA, June …
My Comments: I’m not fond of debt. But over the years, I’ve certainly had my share. But that is personal debt which is very different from institutional debt. My dynamics are finite ( I will die some day ) and defined by micro-economic rules; institutional debt is not necessarily finite and if you are speaking …
My Comments: There is a significant difference between avoiding taxes and evading taxes. Not less an authority figure than a former Supreme Court justice expressed that “…there is no obligation to pay more in taxes than absolutely necessary”. But evading taxes will perhaps land you in jail. That being said, the IRS is NOT going …
My Comments: The more things change, the more they stay the same. You’ve heard that before. Is it also true that the more things stay the same, the more things change? It’s said that the world you live in as a teenager largely determines who you will be throughout your life. And since the world …
My Comments: Is the glass half full, or is it half empty? That’s a classic question, to help determine if someone who answers is optimistic or pessimistic. Personally, my natural response is to suggest the glass is half full. For me the past is past; the only criteria becomes the present and the future. To …
My Comments: Followers of this blog have seen the ideas expressed by Scott Minerd. I share them with you as I think they are important ideas, intended by me to help you better understand the role that money plays in your life. As I’ve expressed many times, we live in a society where having more …
Continue reading Sustainable Development: The Future of Investing
Helping Define Your Financial Future 