Fed Chair Powell Reverses CourseThis is very different from what the market heard just a week ago.The Bloomberg.com headline says it all. Interest rates jumped, and risky assets dropped sharply. Note that it is not only the direction/level, but the speed. It is very...
September Is “Suddenly” NastyOn July 29, I hurriedly wrote an email to the stable (which is our narrow set of clients that keep the lights on over here, we have bills yanno). The title was “We’re gonna party like it’s is 2022.” Here Is The Email I SentClosed list...
Fitch Downgrades US Debt: Does It Matter?Confidence and correlations (the glue) matter, the actual downgrade doesn’t. If the US actually defaulted, then candidly speaking, then salt would be the new money. Never say never, but the fact of Fitch downgrading US...
Mr. Market Has Given Many People A GiftThe market is higher in 2023, that is clear. Balances have not returned back to 2022 levels, unless you have been almost entirely in semiconductors and the largest Nasdaq companies (META, NVDA, MSFT, AAPL, TSLA, GOOGL). Even with...
Who’s Afraid In Financial Markets? No One, ApparentlyHere’s when diversification works, because the glue is holding the pieces together, allowing greater allocation to the risky asset classes.When add up the two graphs, then higher markets is not difficult to explain....
Financial Plan | Get The Process Right FirstThe problem is that the financial advice industry is built to inform you about a product, a tangible thing that you buy or sell.I Have A Couple Of QuestionsWhat happens when the product isn’t explained correctly, or...
Ripple Effects Of Higher Interest RatesAgain, these are all points that have been made here, or on the YouTube Channel.Higher interest rates mean that the huge investors (pensions) have the ability to allocate money to receive the proceeds required to pay their...
Preview Of The 2024 Edition Is HereI share my thoughts on the planned changes for the new edition of Maximize Your Medicare. The thought process of understanding financial topics, including Medicare, is unchanged. However, the market changes, your situation changes,...
AI The Future Of Investing? Yes, but…Opinion: artificial intelligence, active indexing, robo-advisors will continue to grow. It would be crazy for this to not occur.AI learns constantlyHumans believe in Numeratorville, which is fine, except it requires that the...
Mutual Funds Sponsors Aren’t The Owner of Shares, You AreVanguard and BlackRock are mutual fund managers. When they buy XXX shares of company AAA, that does not mean that the mutual fund manager is the owner of the security; YOU, the investors, are.WFFM based in Ohio,...
Complete Misunderstanding of Investments
Investment Strategy Club (On Chat For Paid Subscribers)I am going to post frequent chats when there is a noteworthy news headline.