Secure 2.0, What’s in it and why it matters
In the midst of all the chaos that comes with the whole Christmas season, you may not have realized that as part of the massive Omnibus Bill signed by Congress to avert a government shutdown, significant legislation was passed related to your retirement accounts. The SECURE Act of 2022 commonly [...]
2022 In Rearview Mirror
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 [...]
A new Christmas tradition
While it will be several weeks before we have a clear picture on total retail sales this holiday season, we do know that it started very poorly with November sales numbers, typically the highest month of the entire year, actually dropping .6% when compared to October. Many on Wall Street have interpreted [...]
Advantage from Losses
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 [...]
Lesson’s Learned After 25 Years
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 [...]
When good news is bad
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 [...]
The dangers of investing in “the next big thing”
Recently the crypto industry was rocked to its core with the collapse of the third largest cryptocurrency exchange in the world FTX, and the still developing scandal revolving around the alleged securities fraud committed by its founder and CEO Sam Bankman-Fried. With a value as high as 32 billion weeks [...]
Still Thankful
Thanksgiving is a time where most of us are reminded of the blessings we have been given and focus our attention on those who may be struggling. Recently I wrote that most of our societal ills today stem from our own poor choices including addictions of all kinds. While these [...]
Is Pain the Cure?
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 [...]
Don’t like paying taxes? Credits might be a good alternative.
It’s getting to be that time of year again when we all start thinking about taxes, and what we are going to owe in the spring. This probably goes without saying, but my goal is always to pay as little as possible to both Washington DC and Jefferson City. A [...]