Bitcoin this year is up 72% and in the last 15 months, it is up over 330%. Should you invest in this cryptocurrency? What is It? Most people buying bitcoin or a proxy for it could not give you a good definition of what they’re buying, and I understand because digital...
Because large losses are so damaging to long-term returns, market timing to avoid them has a lot of appeal. It seems intuitively correct that when stock market indexes go to extremes they come back to normal and often swing the other direction before going back...
Important Strategy UpdateWe have been completely out of stocks and bonds for about half a year and it has served us very well in protecting principal which I view as my primary responsibility. InflationInflation is still out of control, running over 8%, and while the...
Starting in the 2000s the Fed was worried about deflation and started on its course of very extended super-low interest rates in an effort to boost inflation to at least 2%. I said for years that 0% interest outside of a financial crisis and continued massive...
The top chart shows the price to earnings ratio of the S&P 500 Stock Market Index. We are now only down to the top end of the long term range. The ratio is not perfect. It can spike when earnings go down a lot as it did in 2003, 2009, and 2020 so you have to...
Over my nearly 40-year career I have advised a lot of people on retirement planning. Here some key thoughts – A life goal of no longer being productive but just playing or piddling every day is not consistent with the way God wired men. Adam was put in the...
