Coronavirus Infects Stock Market: Part LV You’ve seen how quickly blue state governors go wild. Now you’re seeing the looting and burning by cowards the blue-state governors aim to protect. Is this a dress rehearsal? Consider the recklessness from blue state governors and their self-crowning press conferences, stirring up resentment from the producers of the […]
Big Government Politics on the Shores of Newport and Beyond
Coronavirus Infects Stock Market: Part LIII Blue state governors have completely dropped the ball in the name of science, killing businesses and creating new health problems like anxiety and depression. In blue Rhode Island, we have our governor patting us on the head after a “successful” Memorial Day weekend. “The good news is, overwhelmingly, people […]
American Businesses Show the Way Forward Where Blue-State Politicians Fail
Coronavirus Infects Stock Market: Part LII During the coronavirus outbreak, the difference between heavy-handed local government, and private enterprises has been plain. Businesses are incentivized to protect their most important assets, their employees. Government officials are protecting their own reputations. In the early days of the virus, Leupold, an American business serving police departments and […]
“The Losses are Taking a Toll on Their Health”
Coronavirus Infects Stock Market: Part LI “You know what’s crazy,” a client told me yesterday, “is that investors spend more time buying a grill than picking a financial planner.” Friends of his are in deep financial trouble. The virus has made it even worse, and the losses are taking a toll on their health. Another […]
Update! May 2020: Why Vanguard is Too Big for YOU
Coronavirus Infects Stock Market: Part XLIX A new client of mine is consolidating his eight-figure fortune with Fidelity. What’s shocking is how easily he decided to leave Vanguard. “Why?” I asked him. “E.J., I haven’t heard from anyone at Vanguard in over a year,” he said. “They’re letting a quarter of a hundred million dollars […]
You Can’t Time the Market: When Hubris Fails
Coronavirus Infects Stock Market: Part XLVIII You can’t time the market. Don’t even try, because you just might end up being wrong. Consider commercial real estate, for example. Anyone want to buy a high rise in Manhattan? Let’s hop in our time machine and look back to 2018 when the stock market was having a […]
Where to Live in Retirement? I Got You Covered Baby!
Coronavirus Infects Stock Market: Part XLVII You worry about where you live in retirement. I get it. You hate the idea of leaving your kids behind. I’m here to tell you: Don’t despair, they’ll visit! But if social distancing is your concern, consider snowy Maine or New Hampshire in January. You might see a bear […]
You Owe it to Yourself to Continue Doing What You’re Good At
Coronavirus Infects Stock Market: Part XLVI Clients of mine on the West Coast, we’ll call them Rock and Tess, sold their business a number of years ago. They were in their early 50s. Rock could care less about money. Tess handles that. Rock fixes things. Rock can fix just about anything mechanical. Rock is still […]
Your Survival Guy’s Home (and Money) Protection Plan
Coronavirus Infects Stock Market: Part XLV Your Survival Guy was recently asked how I would protect my family if a gang showed up at my door (answer below), which leads me to wonder: Where you live may never be more important. Elon Musk has had it with California. Put me in jail, he says, but […]
You Can Kiss Summer Goodbye in Newport, R.I.
Coronavirus Infects Stock Market: Part XLIII You can kiss this summer goodbye. This weekend Newport opened for business, but it’s hardly open. There were cars driving along Thames Street, but hardly the traffic you see on a typical Mother’s Day. Most of the cars were just driving with no intent on stopping. The two restaurants […]
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