My Comments: None. This speaks for itself. Commentary by Scott Minerd, Chairman of Investments and Global CIO, Guggenheim Partners, August 21, 2015 More bad news out of Asia: Chinese manufacturing conditions are back at the same levels as they were at the height of the financial crisis in 2009, a clear sign that China’s economy …
Tag: money management
2 Phase Bear Markets
My Comments: This is a great overview that needs to be read and understood if you have money in the markets, especially retirement money. If you know how, you can find ways to make it grow when everyone around you is falling backwards. There is a link so you can see the great visuals and …
Get Ready For A Bear Market
My Comments: This person may be right, or not. Yesterdays sell-off sure was ominous but you never “know” until it’s too late. One way to profit from the downturn is with alternative investments. Only very few investment managers use them as a matter of course when promoting their skill set to the public. Those of …
Fundamental Truths
My Comments: If you have money invested somewhere you may be wondering how the next several months are going to unfold. We’re in the sixth year of a bull market and that’s a historically long time without a serious correction. This commentary by a very knowledgeable person may give you some insights worth having. Commentary …
Does the Government Steal Your House When You Get a Reverse Mortgage?
My Comments: People of my age are living a lot longer than before, and many of us are still distressed by what we now call the Great Recession. Whatever your financial circumstances, it’s proven once again that in our society, having more money is better than having less money. Many of us are increasingly frustrated …
Continue reading Does the Government Steal Your House When You Get a Reverse Mortgage?
Stopping the Iran Nuclear Deal
My Comments: Readers of my daily posts know I agree with the proposed agreement. I disagree with the notion that the inevitable outcome of failing to approve the deal is war with Iran. But that’s not to say there won’t be some serious negative consequences. Switzerland, for example, has already lifted most of it's sanctions …
The Next Hiroshima?
My Comments: As a financial planner, my job is to identify existential financial threats faced by a client and attempt to remedy the potential problem before it becomes a real problem. For the record, an existential threat is something bad that might happen. The idea is to take steps to keep them far in the …
Saudi Arabia May Go Broke Soon
My Comments: If Saudi Arabia ceases to function and Iran has a nuclear weapon, what are the implications for the rest of the world? I accept that I’ll be just a memory by 2045. However, the United States may then be the only country on the planet with the ability to both unilaterally feed itself …
Obama’s Long, Hot Iranian Summer
My Comments: To deal or not to deal, that is the question. Most people are focused on the political implications of the agreement, and whether it's a good deal for us or not. I'm very concerned about the economic implications as well. My blog post tomorrow talks about the high probability that Saudi Arabia will …
Obama’s Climate Plan Makes for Canny Politics
My Comments: In keeping with tradition, the President’s critics are having the usual hysterics about his recent announcement designed to reduce carbon emissions. If I were the owner of a bunch of coal mines, I’d probably be unhappy too. But for the rest of us who don’t own coal mines, which is virtually all of …
Continue reading Obama’s Climate Plan Makes for Canny Politics
Helping Define Your Financial Future 