As my friend, Ken Woodruff often says, There are two seasons in Iowa and places north. Winter and tough sledding. The groundhog saw his shadow, but there is an end soon coming to physical winter. The current bear market, not so soon. More tough sledding, until the fourth quarter would [...]
If you are a sports fan, it is an exciting time to be living in the KC metro. Over the past decade we have experienced more than our fair share of national championship victories from our local teams including, the Royals, Sporting KC, the Jayhawks and of course the Kansas [...]
For decades, commentators on the Federal Reserve Board (the Fed) have referred to the action of raising federal funds interest rates as taking away the punch bowl at the party. After finally arousing from sleep after the inflation fire was already getting out of control, Fed Chair Jerome Powell has [...]
This past week I taught a seminar on effective budget making. It broke down the basics on proper ratios of spending, saving, giving and debt repayment. As I presented, I jokingly said if I could gain access to Congress, I would love to enlighten Washington on these basic principles. As [...]
Would you agree that most investors are glad to see 2022 in the rearview mirror? Even when one obtains better results than the market in a downtrend, the general feeling is still painful. The drop represents real dollars lost from accounts of real people, even if only for a year [...]
I know that many of you reading this column are investors with a long term perspective who generally hold your positions for years. Therefore, today’s message is particularly for you. Since applying technical analysis is definitely not easy or perfect and is labor intensive, keeping stock, bond, or mutual fund [...]
At Stewardship Capital we recently celebrated our 25th anniversary in business. Before 1997, the idea of an independent advisor actively managing the portfolios of clients who were not high-net-worth was quite rare. (Honestly, in many ways it still is 25 years later.) At that time most individuals invested their money [...]
A perceptive client just asked, How is it that a positive jobs report came out last week and the Market proceeded to drop? Great question, I replied. This phenomenon occurs regularly. It is difficult to understand unless one looks at the effects of the news for the intermediate term, months [...]
I’m convinced pain is just ahead and that it’s exactly the medicine we need. As much as I’d like to get it over with, nice and fast like, I’m afraid what we will get and really need is a period of prolonged pain. The good old-fashioned type where you find [...]
As often stated, much about investing trends can be related to calendar seasons each year. By November 1, an uptrend of indeterminate length usually begins. Since this year’s market highs came on January 4, such a change in trend could not be more welcome! Today, I will focus upon where [...]
