Investment

What a Less Dominant America Might Mean For Your Money

I have long suggested owning companies outside the United States as part of a diversified investment portfolio. For most of that time it was unpopular advice. Americans did well betting on America, and the habit of holding primarily US stocks is deeply entrenched. Our...

The More Often You Check Your Portfolio, The More Volatile It Seems

On the last Wednesday in July, I got several phone calls from clients. On the last Friday in July, nobody called. Why the difference? On Wednesday, the S&P 500 dropped 1.52 percent and the Nasdaq composite dropped 1.74 percent. On Friday, the S&P 500 gained...

Corruption, Not Communism, Is The Real Threat To Economic Freedom

On July 3, President Trump spoke at Mount Rushmore, 25 minutes from my house. He warned of a resurgence of the “communist menace” in this country and called communism “a mortal threat to American liberty.” Afterward, a friend asked me, “Should I move to cash before...

Why Asking The Fiduciary Question Is No Longer Enough

“Find a financial advisor who is a fiduciary, someone legally bound to put your interests first.” I have made this recommendation many times over the years. Now, most financial advisors technically qualify as fiduciaries, which is a problem for consumers. In its...

Inflation, Interest Rates, The Fed, And Your Family Budget

The Federal Reserve, as part of its responsibility to safeguard the stability of the country’s financial system, has a targeted inflation rate of 2%. Its most visible tool for that purpose is increasing the federal funds interest rate when inflation is rising and...