Had a conversation the other day with a bright, young, passionate Central Valley California conservative. A person who would all-day-long profess himself a capitalist, who, with table-pounding zeal argues for smaller government and lower taxes, who tea-partys like it’s 1999. There happened to be a TV in the room channeled to a cable news station, [...]
Per my experiences with clients during the “worst recession since the Great Depression”, the tech-bubble bear market of ’00 – ‘03, the brief yet dramatic 20% decline in the fall of ’98, the market setbacks of ’94 and ’90, the October 1987 crash, the too many to remember 10% corrections, as well as the rallies/bull [...]
“Reality is merely an illusion, albeit a very persistent one” Albert Einstein I tell ya, in today’s bipolar world, you just don’t know what to think – or that’s what we say anyway. The fact is, we’re going to think whatever suits our personal or political fancies, all the while fooling ourselves into believing we’re [...]
Frustrated that your portfolio’s not back to its October 2007 peak? Doubting the old conventional buy and hold wisdom? Well folks, I’ve discovered the answer (you can now forget about all that asset allocation and rebalancing garbage I’ve been preaching for so long). I literally spent every afternoon last week watching CNBC and I’ve come [...]
When was the last time you called a tech helpline and spoke with an individual who you weren’t convinced was maybe mid-way through his ESL (English as a Seventh Language) course? Put together your own blog site in mid-October and expect to be stalled for a few days while the techs your consultant hired celebrate [...]
Once every blue moon someone will ask why we don’t time the stock market. My pat reply is always “I’m afraid we’d totally screw up and get it right the very first time”. Seriously, the worst thing that could happen would be to sell right at the peak – or buy right at the trough [...]
