Yesterday we highlighted features of JOBS 3.0, which combines 32 separate bills into one. Many of the bills are merely housekeeping items with lofty titles, but, taken as a whole,…
Ten Common Investing Errors
Where you invest is important, but so is how you invest. Over time, where you invest is likely to deliver you winners and losers. No investor has a perfect record.…
Investing Under President Trump
Is Donald Trump a narcissistic blowhard or an astute businessman with the ability to make America great again? We will all find out over the next four years, but we…
The Stock Market Needs “Seasonal Adjustment”
How many jobs did the U.S. economy generate in December? The correct answer is: 292,000 281,000 11,000 None of the above David Stockman wrote on his “Contra Corner” blog: “According…
Happy New Year: Meh.
Well, it’s a brave new world for us cynics. Somehow, we all survived another year, but it wasn’t easy. It was a good year for terrorists (Paris, San Bernardino), despots…
High-Frequency Trading Losing Frequency
The publication of Michael Lewis’ book Flash Boys early in 2014 brought high-frequency trading (HFT) to the attention of many investors for the first time. Lewis was quoted on “60 Minutes”…
How to Retire Early – Part Two
In part one of “How to Retire Early,” we focused on the need to reduce expenses and control debt. Doing so can create the foundation for a retirement plan by…
How To Retire Early – Part One
How would you like to retire early? Maybe 62 is a good age or maybe you’d like to retire at 60 or even 55. But unless you’ve won the lottery,…
The Markets Need Psychotherapy
“The whole idea that the stock market reflects fundamentals is, I think, wrong. It really reflects psychology. The aggregate stock market reflects psychology more than fundamentals.” Robert Shiller, Nobel Prize-winning…
Less than “Less than Zero”
In June, the ECB lowered the interest rate on bank deposits, including reserve holdings in excess of the minimum reserve requirements, from zero to -0.10%. This week, surprising just about…