Attempting to time the market could be the most popular mistake among market participants. Here’s what I wrote about market timing back in January 1997: Panic!… History has been made. Since the exact summer Dow low of 5346.55, the Dow has soared an amazing 21.9%. Never in stock market history has the Dow added 1,000 […]
Investing
Wellington and Wellesley Funds Not Managed by Vanguard
In my conversations with you, we talk about the virtues of being a balanced investor. You can achieve this through a mix of blue-chip dividend payers and laddered bonds. To illustrate, I’ll use as a proxy Fidelity Balanced, Vanguard Wellington, and Vanguard Wellesley funds. In that order, they have roughly the following stock/bond allocation mix: […]
Don’t Ask Me When to Haul Your Boat
Your Survival Guy tried to reason with Hurricane Lee and lost. It never made landfall in my neck of the woods or sea. Just lots of wind and rain. No more boating this season. Thank you, Tom Sawyer, for another great one. It’s bittersweet. Because in my conversations with you, we talk about a feeling […]
“I Want to Be a Farmer, a Garbageman, or Tom Brady”
Life is full of pressures, and they don’t lessen over time. Life doesn’t get easier. Getting older isn’t for the faint of heart. In high school or college, we’re asked what we want to do. Not an easy question to answer. The only time it’s easy to answer that question is when you’re a kid. […]
“Jesse’s Going Crazy, Just Running Along the Edges”
Just thinking about our dog Louis, who turned twelve in July, brings a flood of memories. Like when our kids came home that day, dropping their backpacks on the floor like they summited Everest, as a puppy came sliding and tumbling around the corner into them for the first time. Or, when Louis brings Your […]
Hurricane Lee Spaghetti Models and Your Lazy Cash
Watching the spaghetti models for Hurricane Lee makes me wonder if I pulled my boat out too early. Because it looks that way this morning. But here’s the deal: if an errant strand ventures off into my particular harbor, I don’t want to be part of the problem. That’s why trying to reason with hurricane […]
Dividend Paying Stocks and Taxes
UPDATE 9.11.23: I wrote this to you about ten years ago, and it still applies today as much as it did then. Originally posted September 24, 2013. This year the tax on dividend paying stocks for the highest wage earners, thanks to Obamacare, is 23.8%. One way to avoid this tax altogether is to invest […]
RAGE Gauge September: “We’re Moving On,” They Say
Your Survival Guy’s September RAGE Gauge is in, and it’s not pretty. What did you expect me to say? The reality is what it is. It’s the world we’re living in right now. Americans are feeling unsure about the direction of the country. The presidential debate did provide a bit of optimism, but not much. […]
Do You Know What Stagflation, Deflation, and Inflation Are?
Have you been out to lunch or dinner lately and looked at the astronomical prices on the right side of the menu? Did you think, “With these prices, you’d think someone, anyone, would like to take my order?” Then, you get your cheeseburger, in no paradise of yours, and it’s missing one of the fixings […]
Why You Miss Richard C. Young’s Monster Master List
You can learn a lot by asking questions. Here’s some I wrote to you about back in April. Is your advisor a bank? If so, is it lending out your money for a song and paying you peanuts? Fidelity is not a bank. Fidelity is not a publicly traded company. In comparison, Charles Schwab has […]
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