If you have CDs rolling over into lower yields, don’t lose sight of the opportunities in fixed income. If you need help crafting your bond portfolio, let’s talk. … [Read more...]
Holiday Gatherings Are Tough on The Prudent Man
Holiday gatherings are tough on The Prudent Man. Because while everyone is happy to tell you how well they’re doing in the stock market, it’s The Prudent Man who knows how fleeting temporary gains can be. The Prudent Man knows his course, his path. He’s not quiet about it. Hardly. He locks eyes with the storyteller, knowing the final chapter’s end before it’s written. Yes, The Prudent Man tells his listeners the way he sees it—his vision—understanding that most investors won’t be able to handle his path. Temptation in markets, especially ones moving higher, is too much for lay investors to … [Read more...]
Unarmed Haitians Fall Victim to Gang Violence
What happens when only the bad guys have guns? Haiti has descended into chaos, with law-abiding people disarmed by the government and armed gangs running amok. Why should families be subjected to criminal violence with no way to protect themselves? That's one reason America's Second Amendment is so vital to the preservation of freedom. It keeps the thugs and bullies from dominating polite society. Ralph Tedy Erol reports for Reuters on the situation in Haiti, writing: Panic set in around downtown Port-au-Prince on Monday as wild shooting filled the streets of Haiti's capital, with heavy … [Read more...]
The World’s Most Dangerous Countries
At Visual Capitalist, Niccolo Conte and Dorothy Neufeld detail the ten most dangerous countries by homicide rate. Many of the countries are not so far from one another in the Caribbean and Central America. They write: With a murder rate that is almost 10 times higher than the global average, Jamaica ranks first. In January alone, there were 65 killings across the country, leading the State Department to heighten travel warnings for Americans. Not only that, homicides are even becoming more common in all-inclusive resorts. Often, police action is lackluster in response to the ongoing deadly … [Read more...]
Survive and Thrive March 2024: How You Livin’? Crossing on the Queen Mary 2
Dear Survivor, As my nephew asked me the other day, home from college and all the stuff one learns: “Uncle E, how you livin’?” “How I’m livin’?” I thought to myself. I haven’t thought about it. But it gets right to the point, doesn’t it? Which brings me to my conversations with you. I know how you’re livin’—quite well—because you tell me. Here’s what you’re doing. Fly fishing the Keys, catching some rays in St. Somewhere, hitting the powder out West, spending plenty of time relaxing on the beach, paying exorbitant prices for boat drinks, building houses and dreams, planning more … [Read more...]
Are Some Bank CDs Fool’s Gold?
Beware bank CDs that mature and roll directly into another CD, potentially at a much lower rate. Imani Moise explains this scenario in The Wall Street Journal, writing: John Furlong signed up for a certificate of deposit last year that paid 3.85%. When he checked his account in February, he was surprised to find the bank was only paying him 0.05%. The 62-year-old construction manager thought there was a mistake. Then an employee at his branch in Henderson, Nev., told him that his $50,000 CD had matured and automatically rolled into a new one that was paying a lower rate. The only way to … [Read more...]
RIP Daniel Kahneman: Thinking, Fast and Slow
Daniel Kahneman, one of the founders of behavioral economics, a branch of thought that sees people as they are, impulsive, prone to mistakes, and pushed by their emotions, rather than the fully rational actors of traditional economic thought, has passed away at 90 years old. Kahneman was a psychologist first, and an economist by happenstance. He understood that people's desire to "do something," is what could get them into trouble. He said, "All of us would be better investors if we just made fewer decisions." Sounds like Jack Bogle's "Don't just do something, stand there." Making emotional … [Read more...]
Happy Easter: Enjoy the Sweet, Parisian, Macaron
Now owned by billionaire Stephane Courbit’s LOV group, Ladurée is celebrating its 162-year anniversary, and as I wrote to you back in 2019, that’s a lot of history. Standing on the steps of the Madeleine church in the 8th arrondissement, looking down Rue Royale, you can see the Place de la Concorde. Where Rue Royale meets Rue du Faubourg Saint Honore, across the street from Gucci, you’ll see the mint green awnings of maison Ladurée, home to the macaron (pronounced mah-kuh-ron)—meringue like cookies, the color of Easter eggs, sandwiched with an emulsified filling. Groupe Holder is the … [Read more...]
Happy Easter: A Family Hunt for Dow 80,000
As you prepare for the quarter’s end, let’s reflect on where we’ve been. As the Dow Jones Industrial Average temporarily crossed 40,000 were you reminded of how far we’ve come? Because in my conversations with you, you tell me you remember when it was Dow 10,000, 6,000, or lower. The older we get, the higher the Dow goes, the more astonishing its new highs become. I know this isn’t your father’s or your grandfather’s stock market. But it can feel like it. What has been true at different stages for them might be true for you: Stocks tend to go up, but not on your schedule. Who doesn’t … [Read more...]
Your Retirement Life: Are You Talking with Your Advisor?
In my conversations with you, you tell me how you’re feeling. That’s OK. I’m up to the task. “Just checking in” calls are a way for me to hear you. And it’s nice that most, not all, of our conversations are about other things than simply investing. Just this week, you told me about the van you refurbished, shooting your age in golf (since you were 72, I might add), skiing, fishing, planning a cruise, and much, much more. Action Line: It’s called Your Retirement Life for a reason. It’s not about me. When you want to talk, I’m here. In the meantime, click here to subscribe to my free … [Read more...]
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