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Advice to the Twenty-Something’s

I have three twenty-something daughters – all college graduates in the past few years. The choices they make now can greatly change their future prosperity. Both their friends, and my daughters, periodically ask for my guidance to help with their early financial decisions. So, here is my advice: Debt is your greatest enemy! Taking on […]

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Fed Watching

As we have seen, ad nauseam, over the last several days, the Fed watching is a game that anyone can play.  The almost endless, and widely diverse, opinions and predictions put forth by CNBC’s staff and commentators probably generated more heat than light.  In the end, the results of the Fed’s latest meeting were essentially, […]

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Free Market Capitalism

Larry Kudlow frequently advises viewers of CNBC that, “free market capitalism is the best path to prosperity.”  On the whole, he has a point.  Unfortunately, this is a concept that is difficult to explain in a sound-bite.  Even worse, it tends to require a significant degree of political and individual effort and discipline to implement […]

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The Importance of Focusing on the Long Term

The following paragraphs, relating to long term investing, are excerpted from Warren E. Buffet’s most recent Berkshire Hathaway Inc. letter to shareholders. “The unconventional, but inescapable, conclusion to be drawn from the past fifty years is that it has been far safer to invest in a diversified collection of American businesses than to invest in securities […]

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Involuntary Part-Time Work

The latest Bureau of Labor Statistics (BLS) data indicated that the February unemployment rate was 5.5% while labor force participation was 62.8%.  At 5.5%, the unemployment rate appears to be a positive, although it doesn’t adequately reflect underemployment.  The labor force participation rate of 62.8% is near record lows and would seem to reflect an […]

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Staying Alive

Yahoo Finance penned an article last week titled, “Five ways your financial adviser can screw up your retirement, legally.”  This coincided with an announcement by US Labor Department Secretary Thomas Perez, indicating that he was sending the agencies’ “conflict of interest” rule to the Office of Management and Budget, which means that the timer is […]

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