Best of Dennis… Dennis is tending to his health again but is on the mend and hopes to be back writing very soon. Here’s another article from almost exactly a year ago that I felt was relevant and worthy of a re-read. This article was originally posted on December 17, 2020. The Fed Doesn’t Have A Problem With Fake Money […]
» Read moreMy friend Tim Plaehn never ceases to amaze me with his research. He recently wrote about stocks with a declared dividend, plus a variable dividend on top of it. Sounds cool…but…. I called him to share a bad experience. Right after the 2008 bailout, a mining company offered a guaranteed dividend increase based on gold prices increasing. As a new […]
» Read moreI published this article five years ago. Sadly, things seem to be getting worse. The message is even more important today. Those who think and act independently will always survive. Today is a real downer. We just finished a wonderful week with our youngest grandchildren. They’re now gone and the house is quiet. That’s not what is causing my mood, […]
» Read moreEnough is enough! It makes no difference what political party is at the helm, our government is foolishly wasting money and putting OUR country at risk. While the preamble to our Constitution begins with, “We The People”, somehow the concept of elected representatives looking after OUR best interest got lost along the way. Pundit Bill Bonner defines government in simple […]
» Read moreMy grandfather was a WWII Army Sargent, an uneducated farmer with a Ph.D. in common sense. One of the lessons he preached; the longer you ignore a problem, the more it will grow. Fed Chairman Jerome Powell never met my grandfather. This Schiff Gold article confirms my grandfather’s thinking: (Emphasis mine) “During a webinar sponsored by the Economic Club of […]
» Read moreAs the world awaited the new bailout bill, CNBC reported, “10-year Treasury yield hits highest level in a year”. “The yield on the benchmark 10-year Treasury note climbed to 1.29% at around 4:15 p.m. ET, breaking above the 1.28% level for the first time since February 2020. Meanwhile, the yield on the 30-year Treasury bond rose to 2.08%. …. The […]
» Read moreAt what point should investors switch from aggressively investing for profit to preservation of capital? When do you switch from offense to defense? Is it possible to do both at the same time? Shortly after the 2008 bank bailout, I was asked to write a financial newsletter for baby boomers. The firm had a great track record investing in metals […]
» Read moreI chuckled when I read the Wall Street On Parade (WSOP) article, “Congresswoman Katie Porter Tells the Fed that It’s got a ‘Big Problem’.” She asked Randal Quarles, Vice Chairman for Supervision of the Fed: “The Fed is largely responsible for dispensing the $500 billion Congress provided as a bailout for corporate America – the biggest bailout in our country’s […]
» Read moreI’m still angry! I recently wrote about our “capitulation”. Tim Plaehn explained: “The yield for passive investors in fixed income products is terrible. Savers and retirees start looking for other ways to make their money grow. Just like you and Jo, many investors have moved into stocks out of necessity rather than desire.” (Emphasis mine) Tim was polite. Why the […]
» Read moreRemember the saying, “Everything comes to those who wait?” Investment gurus lectured us about patience and compounding. They blared, “Save $100/month, invest at 6% and you will be a millionaire when you retire.” Current interest rates make that impossible. 25 years ago, if you bought US treasuries, the compound interest doubled your money in 12 years. Using today’s interest rates, […]
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