I subscribe to Outside magazine. I like the annual Best Places to Live feature and spent some time this morning going through the 2017 list. These towns are great if you want easy access to the adventure and wonder of the Great American Outdoors. Here is a sample from last year’s list, available online for free. Outside's top pick was Billings, Montana. Here's why: When it comes to fitting you for a cowboy hat, the gals at Taubert’s Ranch Outfitters have two ways to go about it. If the hat is a little tight, they’ll point out, your head will stretch it over time. If it’s loose, they’ll advise … [Read more...]
What Good is Money if You Can’t Enjoy It?
What good is money if you can’t enjoy it? Keep moving. It’s good for you. I like this piece from Outside Online. The message is, your brain is much healthier when you exercise your body. Kate Wheeling writes: Human beings evolved to move. Our bodies, including our brains, were fine-tuned for endurance activities over millennia of stalking and chasing down prey. “We’ve engineered that out of our lives now,” says Charles Hillman, a psychology professor at Northeastern University who has spent decades studying the link between exercise and cognition. The toll our relatively new sedentary … [Read more...]
Space X Will Launch the Air Force’s Secret Space Plane into Orbit
The Air Force's secretive X-37B will soon be launched into orbit by Elon Musk's Space X rockets. According to Bloomberg, Musk's venture was able to beat the established launch company, United Launch Alliance (a joint venture of Boeing and Lockheed Martin) by offering lower prices. Musk promises to launch for $61 million, a bargain compared to UAL's typical price of over $100 million. … [Read more...]
A Temporary Corporate Tax Cut Won’t Help Much
Senate procedural limits on legislation that will increase the budget deficit are hampering the potential for permanent tax rate cuts. But as Alan Cole writes at the Tax Foundation, temporary cuts won't help the economy as much as permanent cuts. Companies dealing with temporary cuts will reduce their investment as the end of the lower-rate period draws near. Cole writes: In recent months, Republicans in the federal government and in Congress have been considering tax reform ideas. One issue that lawmakers are considering is the difference between temporary and permanent changes in tax … [Read more...]
Opposition to Trump’s ATC Plan is Wrongheaded
My friend Chris Edwards at Cato Institute examines the motives of the groups opposing President Trump's proposed Air Traffic Control (ATC) reforms. He calls the opposition reasoning "short-sighted." A privatized system in Canada has lowered costs and made the system more efficient. Read more from Edwards below. The airlines are for it, the key labor union is for it, aviation experts are for it, and the second-largest nation on earth did it. Canada privatized its system in 1996, and today the nonprofit Nav Canada is on the leading edge of ATC efficiency and innovation. The image below shows … [Read more...]
A Lawyer Fights Exorbitant 401(k) Fees
Investors' performance can be quickly sliced down when advisers and managers take hefty fees off the top. Fee abuse has been especially rampant in 401(k) programs, where employees sometimes aren't paying enough attention, or operating procedures are opaque. Fed up with this assault on employee savings, lawyer Jerome Schlichter of St. Louis has begun suing for clients. At first, no one took him seriously. Anne Tergesen writes: When Jerome Schlichter started filing 401(k)-fee lawsuits against big companies a decade ago, the personal-injury lawyer from St. Louis wasn’t taken seriously. “We … [Read more...]
Heed This Warning from an Investing Legend
One of the many features of the stocks in Young Research's Retirement Compounders portfolio (RCs), is their dividend paying histories. Pair the RCs with a solid fixed-income investment, and you're on your way to being a world class investor. At MarketWatch, investing legend John Bogle echoes the call for defensive investing. One development could mitigate much of the advantage that index funds enjoy and slow the rush to own them, but you’re probably not going to like it. When the market suffers a prolonged decline, active managers can gain an edge over indexers by moving large portions of … [Read more...]
Putnam Announces 3 “Alternatives” Funds: Time to Sell?
The low hanging fruit may have already been picked in “alternatives.” And yet, Putnam has announced three new Alt mutual funds. We’ve seen this movie before (see here and here). Putnam Investments plans to introduce three new alternative types of mutual funds that will be managed by PanAgora Asset Management, a Boston firm that typically manages money for institutions and is majority-owned by Putnam. The new funds include one aimed at investing money under “varying economic conditions,” and another that’s market neutral — or long/short fund — meaning the managers buy stocks they believe … [Read more...]
Ski the East: Return to MT. Washington Series Finale
I’ve been enjoying this series by Portland, Maine resident Ben Leoni. If you remember working in your twenties and living for the weekends then you’ll appreciate this. It ends where it all began… on the most badass backcountry skiing mountain in the East. Behold the final episode in this groundbreaking series. Ben Leoni is wrapping up 3 seasons of this passion side project, Working For The Weekend, with one last trip to his favorite “rock pile.” A huge thanks to all the viewers, fans, sponsors and support from the Ski The East and backcountry community! Although this series is coming to a … [Read more...]
Trump Hotel Chain: American Idea is a Great One
“American Idea” hotel chain? Sounds great to me. I was tuned into this story while scanning Drudge Report last night. "On the campaign trail, President Trump’s children rolled through dozens of small towns across the country, reveling in the adoration of the crowds. But they were less enamored of the budget-friendly hotels along the way, an assortment of run-of-the-mill offerings that were barely distinguishable from one another,” the article explains. Which led to a business idea. Why not open up a three-star hotel chain? The cool part of this story is "At Trump Tower on Monday evening, … [Read more...]
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