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Apple and the Averages

Apple’s recently announced a 4 for 1 stock split will present some issues for the Dow Jones Industrial Averages (DJIA) but not the S&P 500. The DJIA is weighted by the market price of the underlying 30 component companies. Currently, Apple accounts for about 10% of the DJIA.  After the split, this will be reduced […]

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Is the 401(k) Obsolete?

That seems to be the view of Aaron Brown, writing for Bloomberg News, in an article titled “401(k) Plans No Longer Make Much Sense for Savers”.  Susan Tompor, a columnist for the Detroit Free Press disagrees and has written an exceptional rebuttal titled, “Does a 401(k) plan still make sense for you? It might, or […]

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“The Progress of Mankind Has Been Incredible, and That Won’t Stop”

This is a quote from Warren Buffett, who has been a consistent voice of optimism regarding the U.S. economy and American innovation, during a March 10 interview with Yahoo Finance.  Mr. Buffett went on to say, “we haven’t forgotten how to make progress in this country”. At the recent Berkshire Hathaway annual shareholder meeting, Mr. […]

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What is the Secure Act?

The Secure Act is piece of retirement legislation that was making headlines the past several months as it navigated through Congress. The House of Representatives passed the proposal back in May of 2019 and it was recently approved by the Senate in the middle of December. The Secure Act imposes a spectrum of changes primarily […]

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Diversify!

Matt Krantz, in an article recently published in the Investor’s Business Daily, pointed out that six companies that commanded market values of more than $1 billion at the start of the decade (12/31/2009), were now penny stocks. Without attempting to analyze the underlying fundamentals of each of the companies in question, (J.C. Penney, Frontier Communications, […]

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Coin of the Realm – Update

On Feb 16, 2018 we posted a blog titled, “Coin of the Realm”, in which we suggested that legal tender is what the government says it is and governments don’t like competition. Recently, Facebook announced plans to introduce Libra, a permissioned blockchain digital currency.  The project, currency and transactions are to be managed and entrusted […]

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