When it comes to retirement planning, Baby Boomers had the rug pulled out from under them by the government and Federal Reserve. For decades, Boomers worked with their financial planners, saving, investing, and strategizing – targeting their “magic number.” How much money did they need to have on their retirement day to live comfortably and enjoy their golden years? Bank […]
» Read moreOur recent article, “The Fed’s Disaster Has Arrived” got some great responses. Readers agreed, the Fed’s high inflation is a disaster; investors have some real challenges protecting their money. Cash is no longer a store of wealth, but rather an asset depreciating rapidly. Richard Maybury’s recent “US & World Early Warning Report” outlines the challenges. He offered six options and […]
» Read moreDuring my working career, I was fortunate to become close friends with many very successful people. Tom (fictitious name) fit that mold. We had each other’s home phone numbers and talked regularly. Tom was a high-level vice president of a major corporation and was the speaker at a banquet for our training class. He asked me to stay when the […]
» Read moreBest of Dennis… Dennis is tending to his health again and hopes to be back writing very soon. Here’s an article that is a very interesting look back at the 2017 market and is worthy of a re-read in these times. This article was originally posted on December 7, 2017. When Advice Conflicts, Who Should You Listen To? We moved […]
» Read moreThe Fed is raising rates, forecasting more hikes and the stock market is falling. Fed Chair Powell says he can’t promise a soft landing. Pundits are peering into the future expecting the stock market to continue down. The Fed proclaims the days of easy money are behind us; many expect bond defaults and a slowing of the business cycle. I […]
» Read moreWell, the Fed finally did it! They upped interest rates ½%, the most since 2020. Yahoo Finance reports: “Prices have been rising at their fastest pace in 40 years – hitting 8.5% year over year in March as the U.S. comes out of the pandemic.” Wolf Street weighs in on food prices: “Food at home” inflation spiked by 1.0% for […]
» Read moreWhen the Fed bailed out the banks in 2008, interest rates dropped to historic lows. Many retirees were heavily invested in CDs and quality bonds earning a safe 6% interest, paying their bills, and enjoying their golden years. Overnight, trillions in CDs and bonds were called in, savers lost a major portion of their anticipated income as interest rates dropped […]
» Read moreFamed philosopher Ayn Rand told us, “You can choose to ignore reality; but you cannot ignore the consequences of ignoring reality.” If you bury your head in the sand long enough, you will eventually get bit in the ass…. Inflation has been skyrocketing and the government/media can no longer ignore it. John Williams, at Shadowstats.com calculates inflation using the same […]
» Read moreJust when you think things can’t get crazier, they do. The US pulls out of Afghanistan, leaving people and weapons behind unnecessarily. Russia invades Ukraine because they are threatened by NATO. China is rattling the saber over Taiwan. The Canadian Prime minister governs against the will of the majority; all because he wants to save face. Unpopular mask mandates are […]
» Read moreIn a recent interview with Chuck Butler, we concluded, short of dumping the FED and a ballot box revolution, inflation is here to stay. Individual investors can control where/how we invest to protect our life savings. Chuck summed up his feeling about a market fraught with risk: “I recently had some bonds mature. These maturities brought me into a ‘Cash […]
» Read more