My Comments: Few of you reading this are confused about my politics. So I share these words with you as someone trained in economics and finance who has been an entrepreneur in financial services for over 42 years. Our society gives us, via the Constitution, the ability to express which values are important to us …
Tag: investments
‘Rolling Bear Market’ Will Paralyze Stocks for Years: Morgan Stanley
My Comments: It became accepted wisdom that a properly diversified stock portfolio can indefinitely absorb an annual 4% withdrawal rate to satisfy a need for retirement income. That assumption is now disappearing. There is growing sentiment that over the next decade, if not longer, a 4% withdrawal rate will lead to the exhaustion of your …
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The Next Bear Market is Coming, but it Should Be Less Fierce than the Last Downturn
My Comments: I’ve been cautious for a long time. Some would say too long since it means I’ve missed some great advances in the markets. But I’ve reached an age where I simply don’t want to be stressed and watch huge chunks of our money disappear. That being said, I can only urge you to …
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Listen to the IMF’s new warning, economist says, and cut your exposure to US stocks
My Comments: The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." They recognize that market crashes happen from time to time, and …
Continue reading Listen to the IMF’s new warning, economist says, and cut your exposure to US stocks
Ride Out The Next Market Storm With These Balanced Vanguard Funds
My Comments: Readers of my blog posts know at least two things: (1) I’ve been expecting a significant downturn for longer than I can remember and (2) I like Vanguard Funds. I have much of my money there, to some extent because of their insanely low fees compared with what I lived with for most …
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Caring for Your Aging Parents: How to Prepare
My Comments: Retirement is the third major time in people’s lives. It follows childhood and adulthood. Well, OK, a retired person is also an adult but retirement is a different stage. I describe it as when you turn off the ‘work for money’ switch and turn on the ‘money works for you' switch. Meanwhile, modern …
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The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America predicts
My Comments: For most of my adult life, the major player among brokerage firms in the US was Merrill Lynch. Actually I remember it as Merrill Lynch Pierce Fenner and Smith. Then the crash happened in the fall of 2008 and Bank of America acquired ML on 1/1/2009. The cynic in me said that BoA …
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One of the Oldest Rules for Retirement Saving Is Wrong, Experts Say. Here’s the Fix
My Comments: It’s Thursday when I post about RETIREMENT. You’ve heard me say time and again that retirement planning needs to assume one of you (if you have a spouse) is going to be around until age 100. And in every one of those years between now and then, everything you buy will increase in …
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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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Helping Define Your Financial Future 