For regular readers of my column, you may be aware that two weeks ago I paid tribute to the workers of America in a special Labor Day article. In it I expressed a need to further lift up the working class and reduce the widening gap between the middle and [...]
Ever since inflation took hold of our economy in mid-2021 Federal Chairman Jerome Powell has consistently said his desire is to use interest rate hikes to softly land the plane that is the US economy. So far, in this effort I would say he has been successful in this attempt [...]
If you were watching the news at all last week, you likely saw video of the Nordstroms location in Los Angeles ransacked by a flash mob in broad daylight resulting in over $300,000 worth of merchandise being stolen. Unfortunately, this tragic event was not a one-off and I believe is [...]
While I myself am not a huge soccer fan, I know many of you out there are. With the Women’s World Cup semi-finals happening as we speak, I’m sure some of you are getting up early or staying up late to watch all of the action live. Womens Soccer World [...]
Sometimes I get accused of beating up on young people too much. Particularly when it comes to their views on financial matters. However, a recent study conducted by Northwestern Mutual gives at least a little justification for my attacks on them. According to the survey, among all generations polled, Gen [...]
In behavioral psychology there is a principle called risk aversion theory. The concept states the human mind has a naturally tendency to feel the pain of losses more than the pleasure of gains. For many investors who saw their accounts drop by more than 20% in 2022 they are probably [...]
Life has various stages. Your plan needs to take them into account. If there is one thing, I have learned in my over 40 trips around the sun it is that life never happens in a straight line. Markets don’t just go up at a consistent 7% a year, last [...]
With almost a half year of 2023 passed already, let’s take stock of the US financial situation to see whether Mr. Market knows more than the experts and whether the current positive returns can be sustainable through year end. It is usually quite dangerous when anyone opines, This time is [...]
Monday was our national holiday dedicated to remember and honor those who have given their very lives on our behalf. In recent years, we have perhaps also spent more personal attention to memories of our non-military ancestors with regard to the legacy which they gave to us. That seems appropriate [...]
In light of the escalating debt crises in Washington, I have recently been asked by several clients why this keeps happening, and what will happen if a deal doesn’t get struck? Today, I thought I would give a very brief explanation for why our politicians are seemingly always arguing about [...]
