Investors have a fascination with predictions. Look at the financial media. Turn on any television show, listen to any radio program, or pick up any magazine, and you’ll see there’s always someone trying to predict future stock prices. It...
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Similar to today, the Roaring 1920s saw rapid technological change with cars and electricity. This created a farm surplus as fewer horses consumed less feed. Prices fell, and farmers complained of foreign competition. Herbert Hoover promised higher tariffs in...
The Fed cut rates by 25 basis points today as expected. The notes show officials were split on the need for more easing, and made comments about acting as appropriate to sustain expansion. As defined on the Federal Reserve...
This week marked the 307th time that the Dow Jones index fell 3% or more in a single day when reviewing historical market data. The chart above displays the Dow Jones Industrial Average going back to 1920, and the...
Unemployment is still at historic lows, the economic expansion in the U.S. is at record length, and consumers are spending money, so why did the Fed lower interest rates? This is called an “insurance cut.” The central bank wants...
Retirement planning can start in any decade of your life. In Chapter 2 of the book, Your Insiders’ Guide To Retirement, we say you must have a plan. Setting a goal is not the main thing. It is deciding...
Friday is the day of Summer Solstice. This is the longest day of the year in the northern hemisphere. For us this means an early dawn, long day, and a late sunset. Meanwhile, south of the equator, winter begins....
Creating a financial plan not only gives you a road map to your retirement goals, but it also allows you to better understand the emotional elements of the stock market. Why do very smart people make bad decisions about...