This past week on a straight party line vote, Democrats passed the Inflation Reduction Act. Among other things, the law will attempt to fight climate change and lower carbon emissions here in the US at a cost of roughly 370 billion. As someone who believes in the importance of stewardship, [...]
Last week it was announced by the Bureau of Economic Analysis that U.S. real gross domestic product had dropped in the second quarter by .9%. This report, combined with the previous quarter GDP drop of 1.6% began a long debate from economists and political pundits about the definition of the [...]
Over 2,500 years ago Aristotle developed a philosophical principle he called the “Golden Mean.” He argued choosing moderation between two extremes is often the most moral and desirable of all actions. For example, he argued that while courage is a virtue, too much courage can turn into recklessness and not [...]
Some folks talk about the good old days and seem to wish they could return to a younger period in their lives. I do not wish to return to any previous time—I would just make different and perhaps worse mistakes! But it seems to be an especially perilous world right [...]
As any of you who have looked at your retirement accounts recently are well aware, the first half of 2022 has been very bad for market performance. In fact, 2022 is the third worst first half of any year in US stock market history. (Only 1932 and 1940 were worse) [...]
In our modern world, technology has found ways around many scientific laws, for example Newton’s law of gravity was defied when Orville and Wilbert Wright first took to the air at Kitty Hawk. However, while man has found ways to bend some of these laws, they have not actually broken [...]
A week ago today, I was sitting in a lounge chair, soaking up the sun somewhere between Miami Beach and the Bahamas. As a celebration of school being out and summer arriving, my family embarked on a week-long cruise of the Caribbean. The level of professionalism, and customer service employees [...]
Last week we finally saw quite positive results for the major US stock indexes. Those most beaten down rose the highest: Nasdaq 100 by 7 percent, S&P 500 by 6.5 percent and the Dow Jones 30 by 6.2 percent respectively. Even the long dated Treasuries took a breather and their [...]
If I’m honest, the past decade or so have not been great for investors who actively manage or diversify their accounts. Many like Warren Buffet who espouse the strategy of simply buying low-cost S&P index funds, have done very well especially since 2009. With the nearly unprecedented run our nations [...]
Road sign to bond market My goal today is to give you some remedies for the plummeting bond values from which most of you reading this are suffering. One oft distributed piece of radio wisdom these days is that, in retirement, it’s all about income. I respectfully disagree [...]
