My Comments: How fast will your money grow? An expectation of growing money at an annual rate of 7% to 10% going forward is probably unrealistic. Interest rates and inflation rates are relatively low, and global economic growth rates are likely to slow down over the next two decades. See my earlier posts to understand …
Continue reading A 60-40 Portfolio Could Return Less Than A Savings Account
My Comments: This doesn’t tell the whole story. But it helps. And, yes, this does have political implications. Make America Great Again is a very complicated matter. What a surprise. And you thought it would be easy and would happen overnight after we drained the swamp. Well... Donald Boudreaux is a senior fellow with the …
Continue reading Protectionists Are Wrong About Unemployment
My Comments: Retirement means different things to each of us; it may be when we quit a long career, or we need something less intensive, our current employer sucks, or maybe we simply stop working. If you’ve been disciplined, it’s time to let your money start working for you, always assuming you have some. But …
My Comments: It’s a given there will be a ‘next recession’. People much smarter than me say it’s not many months away. It’s a normal event and we’ll most likely survive. What we may not survive, however, apart from a random collision with an asteroid, are the effects of income inequality across the planet and …
My Comments: Be assured, I have no idea. But then, I don’t know what I’m going to have for lunch either. All I know is that I will have lunch and one of these days, this bull market will end. The trick is to understand that it will end, and if you’re not ready to …
My Comments: trump famously commented that he had no idea health care reform could be so complicated. There are five principal stakeholders in our health care delivery system: insurance companies, pharmaceutical companies, hospitals, the medical profession, and lastly, we the consuming public. All five have vested interests they want to grow and preserve, and all …
My Comments: Some people have an innate ability to look after money. Others, not so much. This is especially critical as you transition from working FOR money to when money is working FOR YOU. We call this retirement. It’s further complicated because the financial advice industry is now undergoing a massive shift in how you …
My Comments: Forget for a minute that without changes from Congress, Social Security as we know it today will collapse. We’re probably 15 years away from that happening which means no one now in Congress gives a damn. In the meantime, many of you are starting to explore when and how to sign up for …
My Comments: Coming to terms with the chaos in Washington, DC is not easy. Especially if you are inclined to favor Democrat Party values and themes. The insights expressed here may help Democrats and Republicans alike. I simply know many of us on the left are not happy. By Dahlia Lithwick / June 22, 2017 …
My Comments: I’ve been known to place a bet now and then. But Las Vegas, for me, is nothing more than a place to visit from time to time. But it takes all kinds, and if you are one who enjoys the uncertainty of your financial future, here’s an article for you to consider. Thanks …
Helping Define Your Financial Future 