But can you spot the “charitable” word in my headline?
The key word here is the word investors. Most financial market participants, whether professional or amateur, are not investors at all. Rather they are more akin to Vegas-like speculators.
Real Investors have a long- term game plan based on compound interest, cash flow, balance and patience.
In my over five decades of investing, I have never once sold out of the financial markets based on unfolding events or some predictions of future events. The truth is, after so many decades of buy and hold, I could be looking at a kickass tax bill. No thanks!
Consistent cash flow, compounding and patience offer all the raw materials you require for a marvelous retirement.
Unfortunately, for all too many investors, the many road blocks put up along the way make the ideal retirement destination unobtainable.
Americans have only themselves to thank for eight grizzly years of Obama/Progressives economic strangulation. The guy was in so far over his head that the Fed was forced to let the thieves on Wall Street borrow at nothing for eight painful years while they handed the tab to Boca retirees. The Boca crowd faced zero interest rates on safe U.S. Treasuries and bank CDs. Some retirement.
The T-Bill rate needs to get back into a 4/5% range, and the sooner the better.
So, as true investors celebrate the potential return to interest rate sanity, the Progressive income redistribution and Wall Street crowds will wail that Trump is a market ogre.
President Trump’s program of lower corporate tax rates, a less strangling regulation climate, and business friendly judicial appointments have produced a booming America First economy, as promised.
Latest posts by Richard C. Young (see all)
- Doug Bandow Explains the Ukraine Debacle for You - October 18, 2019
- Putin Now the Man in the Middle - October 18, 2019
- The Great Walter E. Williams on the College Debacle - October 17, 2019