You have every right to wonder what’s going on with Charles Schwab. Its stock is off 30% this month. Its banking unit’s sweep account is bleeding deposits. Thankfully, dear reader, you’ve been with me through thick and thin, and by now, you know the deal. Schwab is a publicly traded company. It gobbles up smaller […]
BEWARE: The Road to Digital Currencies
With everything going on in the banking world, is it any wonder Your Survival Guy likes doing business with Fidelity? It’s a non-bank, non-publicly traded company. Banks are under enormous government pressure to consolidate, while publicly traded brokerages are pressured to meet quarterly earnings. It’s a bad one-two punch. Look at Charles Schwab, for example. […]
If You’re a Highly Effective Person, We Should Talk
Happy Friday. It’s tax season. Unfortunately for mutual fund investors, this can be the time of year you realize your fund was down, but you still owe taxes. Because of its structure, a mutual fund puts you in the same boat as other investors. If some head for the exits, the manager is forced to […]
Is Vanguard Voting Against Your Political Beliefs?
You’re not supposed to talk about religion or politics in the investment business. Your Survival Guy broke that rule on day one. I’ve always felt it’s important to know who you’re dealing with. The big firms try to play it right down the middle. They try to please everyone and no one at the same […]
Are You Fairly Wealthy? I’m Listening
Did you catch the Sunday New York Times article on the supper clubs in Palm Beach? Look, Your Survival Guy loves Palm Beach, especially lunch at the Brazilian Court, but a supper club? Sounds expensive. But wait a second. When I started running the numbers, I thought, “Self, it could actually work.” That is, if […]
When Is the Best Time for You to Do This?
“Life’s short,” my grandfather would say. “You’re only here for a visit.” He didn’t say it to me. I was too young when he passed away. He said it to my dad, who just turned 79. My grandfather would also ask my dad when he was starting out in business, “Do you know when the […]
Is Your Good for Nothing Cash Doing Anything with Its Life?
Is your good-for-nothing cash doing anything with its life? Please don’t tell me it’s sitting around eating all your food and drinking all your wine. That’s no way to go through life. Maybe it’s time your cash goes on a liver cleanse. But, if that’s not in the cards, there’s an easier way to whip […]
How Will YOU Feel in Retirement? Let Me Explain
OK. Here’s the deal. You don’t know how you’re going to feel in retirement. There I said it. Plain and simple. It’s an unknown, unknown. Sure, you think you’ll know how you’ll feel. But thinking is a whole lot different than living. Let me explain. Your Survival Guy spends hours each day talking with investors […]
Hands Down – Boston’s Best Hotel
Debbie and I have spent over a decade visiting the small group of a dozen or so Paris Palace hotels, each of which is a magnificent, distinctive fortress of special importance. The very best of this unforgettable group of travel treasures continues, to us, to be Le Bristol Hotel in the 8th arrondissement. We look […]
How Long Have You Been in the Investment Business?
“How long have you been in the investment business?” he asked. “Most of my adult life,” I said. “Did you know when you were my age (18) what you wanted to do?” “Not really. I went to business school at Babson College, worked at Fidelity Investments, and I’ve been here for 25 years.” “That’s cool,” […]
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