My clients tell me, “That’s why I hired you.” They say it when I explain why we’re buying or selling certain positions. “That’s why I hired you.” One of my long-time doctor clients tells me, “I do what I do. You do what you do.” When he says to me, “I’ll leave that to you,” […]
Investing
“What Do You Do If the Market Crashes?”
“What do you do if the market crashes?” a new client asked me last week. “Good question,” I said. “I get that one a lot.” And it’s one of the reasons I’ve been writing to you, valued reader, on my efficient frontier study. The efficient frontier is a visual expression of my phrase, “It’s not […]
Will Higher Rates Destabilize Fiat Currencies?
At Mcleod Finance, Alasdair Macleod discusses the risks of high rates on fiat currencies. He writes: It is gradually dawning on markets that lower dollar interest rates are a fantasy. But higher rates will destabilise fiat currencies. If a chart speaks a thousand words, this is it: From its peak at about 15% in the […]
Is Your Retirement Life a Mess? Let’s Talk
“Is your retirement life a mess? Then call 1-800-get-HELP.” No, this is not a commercial promising to change your life. This is about my conversations with you. Let’s take last weekend for example. Your Survival Guy was tired of pulling into my garage and looking at the mess it had become and did something about […]
This Is about Your Survival, Not Anyone Else’s
You don’t want to let the perfect get in the way of the good. Specifically, when it comes to your retirement life, you want to get paid to be in the markets. You don’t want to miss out, hoping to get in at the “right” time. When looking at the current interest rate environment and […]
“Happy I Found Richard C. Young’s Intelligence Report”
“Happy I found Richard C. Young’s Intelligence Report all those years ago,” you told me yesterday. “Because we wouldn’t be talking this morning about investing if I hadn’t. Your father-in-law’s monthly letters kept us on track. He kept us focused on saving and compound interest.” That wasn’t the first time I’d heard that. And what […]
Your Retirement Life: Watching The Masters and More
Happy Monday. I hope you had a nice weekend catching some of The Masters from near and far. I remember like it was yesterday, now 25-plus years ago, how Becky and I, newlyweds, enjoyed having it on while getting dinner ready. Watching it this weekend, it’s hard to believe how fast time goes by. It’s […]
Metals Swing Sharply on Russian Sanctions
Bloomberg reports that metals whipsawed as sanctions on new Russian supplies rattled the LME. They write: Metals swung sharply, with aluminum surging by a record before later erasing most of its gains, as traders digest US and UK sanctions that banned delivery of new Russian supplies onto the London Metal Exchange. The curbs on aluminum, […]
Your Retirement Life: A Living Income from Savings
You want a forward-looking indicator? Look at the stock market or 10-year Treasury bond—both flashing warning signs this week. But how about years from now? What will the decades ahead—your retirement life—look like? What if we’re going back in time? You and I, we’re in the business of patience. With so much attention paid to […]
Get Paid During Your Golden Years
With the 10-year treasury at 4.5%, retired and soon-to-be-retired investors are seeing rates they can sink their teeth into for longer—don’t let inertia keep you down. How high will they go? Not my concern. What I am concerned about is that you get paid during your golden years with some cold, hard cash from interest […]