Category Archives: Current Events

Are You Better Off Than You Were Four Years Ago?

Are you better off than you were four years ago? Ronald Reagan closed his 1980 debate with Jimmy Carter with that very question. At the time, Reagan’s rhetorical question was a knockout punch that secured his victory in the presidential … Continue Reading

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The IRS’ Top 400

The recent presidential campaign featured quite a bit of debate on taxes, focusing especially on whether top earners were paying their fair share. Last month, the Internal Revenue Service (IRS) published what it says will be its final report on … Continue Reading

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The Fed Finally Raises Interest Rates

The decision by Federal Reserve System to raise interest rates came as no surprise. Last week, the Federal Open Market Committee (FMOC) met and decided to increase its key Fed funds rate by 0.25 percent to a range from 0.50 … Continue Reading

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The Wells Fargo Controversy

There’s some pop song on the radio that repeats the question, “Is it too late to say sorry?” That question would have been a better defense than what John Stumpf, chief executive of Wells Fargo Bank, offered a Senate Committee … Continue Reading

Posted in Current Events, Fraud | No Comments

Taxes: Clinton and Trump Tax Plans

The first Presidential Debate is scheduled for September 26. At that time we will see Hillary Clinton and Donald Trump square off against each other. In the meantime, both candidates are beginning to fill in the details of their platforms. … Continue Reading

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Michael Phelps

Michael Phelps won one last gold medal in the 4×100-meter medley relay and went out on top on Saturday night in Rio. He’s won 28 Olympic medals overall. Phelps has won so many more medals than any other Olympian that … Continue Reading

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Brexit Follow-up

They say a picture is worth a thousand words. In this case, I’d argue that your financial future rides on appreciating the following two drawings by author and Behavior Gap founder Carl Richards. The first illustration illustrates how may investors behave … Continue Reading

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The Brexit Surprise

When you least expect it, expect it. I seem to remember that line from a1970s sitcom. Perhaps it was an older brother promising revenge on a younger sibling? In any case, as it turns out, those cautionary words aptly describe … Continue Reading

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Warren Buffett Speaks

When Warren Buffett, the world’s most famous investor, and his number two man Charlie Munger speak, people listen. And this year, more people than ever could listen in because, for the first time, Berkshire Hathaway’s (Berkshire) annual meeting was livestreamed. … Continue Reading

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A Look Back Since the Financial Crisis

It has been well documented that during the Global Financial Crisis (GFC), many individual investors panicked, sold the bulk of their investments and sat in cash waiting to get back into the market. If you asked them, they would tell … Continue Reading

Posted in Behavioral Finance, Current Events, Market Timing | No Comments