If you have accumulated some wealth, after a long lifetime of hard work, you are no doubt interested in securing your financial future. I have long found it prudent to broadly diversify financial and real estate assets. A year or so ago, Debbie and I traveled to Switzerland in the hope—small though it was—of being […]
One of the great books on investing is not about investing in stocks. It’s about investing in baseball players. The now well-known strategy discussed in Michael Lewis’ Moneyball tells how A’s GM Billy Beane created an edge by using statistics overlooked by other managers. The league has since caught up to Beane but there may […]
In my close to 20 years working with investors I have found gauging one’s risk tolerance is more art than science. There are models galore that will give you an “appropriate” allocation for your age, income needs etc. But often times that’s thrown out the window when times get tough. And tough they have gotten, for […]
Here The Wall Street Journal stipulates that Russia’s soft underbelly is its economic reliance on Europe. But this late in the winter its favored “natural gas diplomacy” won’t have much effect because Ukraine and the other European nations already have enough supplies to get to Spring. Russia’s Micex stock index fell 11% on Monday and […]
Making money and saving money is hard. But if you have some money and some time then you can do some amazing things like compounding your money or what Albert Einstein referred to as the 8th wonder of the world. But compounding can work both ways. Carrying credit card debt at predatory rates month after […]
Saving money is hard. But the earlier it’s started, the easier it gets. I was stacking quarters the other night to explain the concept to my kids. Saving money early helps to bring time into the equation. The result is compounding money–a phenomenon Albert Einstein referred to as the 8th wonder of the world.
Talking with NPR, Campbell Harvey, a financial economist at Duke University, contends that Bitcoin is 10 times more volatile than the changes in the price of gold and 20 times more volatile than holding U.S. dollars. But just as the fluctuation can take you from rags to riches, bitcoin transactions can also go downhill for merchants. […]
The promises in some variable annuities are too good to be true–a realization being made by the insurers that made them. You can learn more here: Variable annuities combine a 401(k)-like investment account with the equivalent of an insurance policy. They appeal to investors approaching retirement with a promise of guaranteed regular payouts that could […]
Young Research’s Retirement Compounders common stock program has a ten year compounded rate of return of 9.8% per year. As you can see in the chart that’s better than the 6.8% by both the S&P 500 and Dow Jones Industrial Average. In this market I think a ten year historical record is imperative in gaining […]
Last year the so called smart guys said bonds were dead. They must have forgotten that stocks don’t go up forever. In January the Dow dropped 5%, but Vanguard GNMA gained 2%–a spread or difference of 7%. Not a bad start to the year for Vanguard GNMA.