This is a debate that has been going on since the invention of index funds and is likely to remain unresolved. An article in last weekend’s Wall Street Journal suggested that this is no stock pickers market. Perhaps, perhaps not. There is probably no right answer and, even if a strong argument can be made … Continued
Last Thursday Ben Bernanke surprised investors by announcing the Fed was going to indefinitely continue its efforts to stimulate economic growth. It has been doing this by buying $85 billion per month of bonds and keeping long-term interest rates low. Earlier in the year, Bernanke, citing an improving economy, hinted that the Fed may taper … Continued
As we mark the five year anniversary of the financial crisis we have many reflections. I will spare myself and readers a rehash of the gut wrenching feelings most of us had at the time and instead reflect on some of the progress we have made. Five years ago there were many companies in Corporate … Continued
Yes and Yes. But I think most observers would agree that a Rolex is much more than a time piece. For some it may be a fashion statement, a status symbol, a store of value, or something else. At a time when wearing a watch seems to be giving way to personal time keeping by … Continued
Based on the latest government data, the US economy is barely limping along, despite near record low interest rates. While the unemployment rate has fallen moderately, it is not reflecting the large number of citizens that are underemployed or have essentially “given up”. Perhaps a more realistic view of the job situation is the percentage … Continued
It seems that dithering is going around. In my experience, investors can be particularly prone to dithering, especially during periods of dramatic headlines and above average market volatility. My suggestion: Stay the course! You or you and your advisor(s) should have previously developed well-thought-out, long-term portfolio objectives, specifically tailored to your long-term goals. Decisions in … Continued
Much is being written about the dilemma that President Obama faces on what to do about Syria. This issue has far more to do with politics, both domestically and globally, than it does with investing. From an investment perspective, the more perceived risk (wars, strife, economic imbalances, etc.), the higher the discount rate and vice-versa. … Continued
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