Tag: Investing
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It’s a great time to take nervous nellie investors to the cleaners
It’s often said that fools rush in where angels fear to tread. So is it foolish to buy into the stock market right now? Yesterday’s market suggests it’s a foolish time to buy anything. After yesterday, the S&P 500 is in official bear market territory. The DJIA briefly dropped more than a thousand points before…
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The dangers of the shorted short sell
I know something is a story when my wife gloms onto it. So, it was pretty extraordinary when she focused on the financial crisis involving short sellers of GameStop stock. I’m doubtful she even understands what shorting a stock means. I’ve watched a half dozen videos on this and I still find it confusing. What…
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The stock market is in a sugar high so expect another sell off
Retirement leaves me with a lot of surplus time, time I manage to fill reasonably well with consulting and other activities. But there is still plenty of time for leisure. Instead of watching Netflix, I tend to watch YouTube. Since the pandemic, recession and the election are in, I watch a lot of videos with…
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I’m betting on a recession
In a recent post, I suggested leading a logical life. It’s logically the logical thing to do. Of course, it’s hard to say what is logical, as there is a lot of murkiness in the world. To deal with the murkiness, sometime toward my late forties I hired a financial adviser who gave me all…
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Some surprisingly simple ways to actually grow the economy
In my last post, I discussed why the soaring stock market doesn’t mean a lot to most people. Roughly half of us don’t have the money to buy into the stock market, and most of us that do can only afford to do so through a retirement vehicle like a 401-K or an IRA. The…
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A soaring stock market means little
Donald Trump is hoping to win reelection based on the soaring stock market. Good luck with that. A soaring stock market doesn’t hurt, but these days a soaring stock market amounts to more evidence that more income is being redistributed toward the wealthy. Why is that? It’s because you have to be relatively wealthy to…
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Invest in innovation, not exploitation
America is a supposedly country that rewards innovation. The trouble is, a lot of this innovation is really exploitation. I looked into this briefly a few posts back when I looked at Lyft and Uber’s “innovation”. The only really innovative part about these ride services is their app. They’re both cheaper and generally faster than…
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Republicans continue to make the rich richer and the poor poorer
It’s pretty hard to keep up with the inanities coming out of the mouth our “president”. As a Democrat he sure embarrasses me, but I often wonder why Republicans are not. If retiring Senator Bob Corker (R-TN) is correct, most Republicans in Congress are embarrassed by Trump, but can’t summon the political will to say…
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Stuck in Merrill Lynch beneficiary hell
It sure is nice to inherit some money. Good luck in collecting it, at least at Merrill Lynch. My father passed away on February 1. Some weeks afterward our stepmother told us we were beneficiaries to some of his accounts. It turned out to be a fair amount of money, considering there are eight of…
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Why to drive on the wrong side of the road, or the power of rebalancing
Whew! It’s been a long week, which makes it hard to find time to blog. When I slow down the frequency of my posts, traffic to my site sinks as well. Well, sorry, I’ve been busy. It’s not that I have run out of ideas. I generally blog about whatever is on my mind on…
Occam's Razor 