Tips to avoid panic buying
Regardless of how many times I see it, I am always astounded to find bread and milk shelves laid bare prior to a forecasted snowstorm. In the 40 something years I have lived in the metro, I cannot remember a single occasion when two days after inclement weather I was [...]
Something to Consider: Get a Better Job
Even before there was a virus named COVID19 there was an explosion in the number of jobs that were being advertised in the US. The so called animal spirits for economic growth were alive and well. Now that many Americans for various reasons seem to have left the workforce, the [...]
Big tech is likely to get bigger
As can be clearly seen by the growth of the S&P Index which tracks the performance of our nation’s 500 largest corporations, our biggest businesses have grown substantially bigger over the past 10 years. In my opinion, they are poised for even larger growth over the coming decade. One of [...]
Investing through Inflation (Part II)
Last week I discussed the problem of holding bonds during a period of rising inflation. Not only does the older rate of income paid fall short of keeping up with the cost of buying goods and services, but the value of the bonds in your portfolio falls. The worst case [...]
Investing through inflation
The Federal Reserve Board Chairman Jerome Powell tells us that the present surge of inflation is transitory. But whatever its duration, it is wreaking havoc on the budgets of many American families. Just in terms of gasoline, a two wage-earning couple could easily be spending an additional $100-$150 per month [...]
Ready to Retire???
Covid has been hard on us all, but maybe harder on Baby Boomers than any other group. A recent survey conducted in August by Coventry Direct provides some interesting insight into the mindset of today’s working seniors. According to the survey, nearly 4 in 5 Boomers wish to retire earlier [...]
Not Too Fast!!
As a baby boomer generation member, I can recall feeling an incredible sense of pressure as a young person in the 1960’s. There were so many of us with which to compete. Unlike now, there were more looking for work than there were positions. I thought I had to [...]
Money truths from Judge Judy
This summer it was announced that Judith Sheindlin better know as “Judge Judy” would be stepping down from her enormously popular daytime show after 25 years of being on the air. While my current job has made tuning into her afternoon show difficult, as someone who was raised on her [...]
Debt is the real threat we face
The stock market has been rocked this past week after Chinese property giant Evergrande announced they were on the brink of a total collapse and were likely to default on over 300 billion in debt. While this announcement has certainly impacted its shareholders and creditors, it is also having serious [...]
When investing, facts matter more than feelings
According to Jesus’ parable found in Matthew 25 about the three servants entrusted with the Master’s talents of precious metal, we are going to be rewarded by taking at least some risk in our financial lives. Why do I say that? You will recall that the Master entrusts 5 talents [...]