My friend Allan is not prone to rant, but he was on a roll. “I’m serious, I’m no longer trying to get rich, I’m just trying to keep from getting poor!” His tone of voice was heart attack serious; he was not smiling. Allan’s face was beet red. “Don’t talk to me about magic numbers, hell we blew 20% past it […]
» Read moreIt was a hot summer day as I was piloting my Piper Comanche from Chicago to Indianapolis. My confidence was brimming with my freshly printed instrument rating stored safely in my pocket. The hot air created some turbulence so I headed toward 12,000 feet, higher than I had ever flown before. I was euphoric, I could see all the way […]
» Read moreInvestors, now is the time for caution… Today’s forecast: yield-starved investors forced into the market by seemingly permanent low interest rates will continue to be collateral damage. For some, that collateral damage may involve more than the loss of income opportunities… many could be wiped out completely. At a recent investment conference, I asked the participants in our discussion group: “If there […]
» Read moreMy youngest son, who is now in his 50s, asked me what it felt like when all the children left the nest. I thought for a moment and said: For my entire adult life I’d driven a boat down a clearly marked, narrow channel. I had to stay between the markers in order to provide for my family. Then, when you […]
» Read more