It’s hard to get nostalgic about the 1970s. We remember what we wore, how we had our hair done up and the stupor-inducing sitcoms we considered appointment TV. And we also remember the way the economy was going. The 1970s’ economy wasn’t bad per se, but it was a disappointment – a ‘’bummer” if you […]
There sure have been a lot of big-name initial public offerings (IPOs) so far this year, and a lot more in the pipeline. Already we’ve seen Zoom, Slack, Beyond Meat, Chewy, Fiverr, Pinterest, Uber, and Lyft. Still on deck are AirBNB, Postmates, Robinhood, and WeWork parent The We Company. Traditionally, retail investors have been unable […]
It’s hard to gauge the point at which you’ve entered a recession – two consecutive quarters of negative economic growth. It’s much easier, though, to figure out when you’ve hit a bear market because a financial bear market occurs when the stock market, usually defined as the S&P 500 index, falls 20% from its peak. […]
In normal times, investment advisors often tell you to diversify your portfolio into three broad categories: equities, fixed income, and cash equivalents. What proportion you put into each bucket is a judgment call, as is the frequency with which you rebalance your portfolio. And of course, the art lies in picking the right vehicles within […]
The good news – and there’s plenty of it – is that the 2019 economy is doing very well. The U.S. economy just notched its 121st consecutive month of expansion. That is, it has been more than a decade since America experienced two consecutive quarters of negative gross domestic product (GDP), which is what defines […]
Quick: What’s the biggest source of debt in the U.S.? If you answered “mortgages,” you’d be right. But that’s almost too obvious. What comes next? Cars? No, that’s third. Credit cards? Not even close. Medical bills? Someday, maybe. It’s student loans – the bankruptcy-proof ones you can never get out of until they are all […]
Despite all the hype about the benefits of tax reform at the federal level, wage earners across America have learned to take the Tax Cuts and Jobs Act of 2017 with a grain of SALT. In this case, SALT is an acronym for “state and local taxes.” Until January 1, 2018, these were deductible, to […]
Utility company stocks, as you’re probably aware, are considered among Wall Street’s safest bets. In return for agreeing to be highly regulated to the point where they’re practically in the public sector, the issuers are granted monopolies from the states, which virtually guarantee them a profit. It’s a small profit, but a steady one. If […]
If you collect inspirational, empowering quotes, then you’ve already heard this one a million times: “I skate to where the puck is going to be,” hockey legend Wayne Gretzky once said, “not where it has been.” At the time of this writing, it’s a hundred degrees outside in most cities with a National Hockey League […]
WOW – August already! Where has the summer gone? I can’t believe that it is time for school and college to get cranked up again in a matter of weeks. I personally have two going back to college this year. They are both attending Baylor, as I did, and it is great to be able […]
