Is investing in the stock market akin to gambling? It certainly carries a reasonable amount of risk. Yet, done correctly, investing in the market is not remotely gambling. For comparison, consider games of chance. The best one to play is Blackjack. If you play every...
“I lost over $450,000, I cannot pay the bank, I’ll become homeless. Suicide is the only way out.” This desperate plea summarizes one of the top posts a few months ago on a Reddit forum for the cryptocurrency Terra Luna. Like other cryptocurrencies, it has recently...
I’ve been warning against speculating in crypto currencies since 2017. Any currency typically has no place in any conservative investment portfolio. That is doubly true for digital currencies. They need to be approached in the same manner as any risky speculation....
“The Bear is coming! The Bear is coming!” Indeed it is. Should you be worried? No, if you have heeded my advice and diversified your portfolio and set aside a cash reserve. You can actually stop reading now. For everyone else, the answer is “probably...
“I reject your reality and substitute my own.” As youngsters, my kids used to quote this line from host Adam Savage of Mythbusters, one of their favorite TV shows. While he was being humorous, he was also describing the human condition. Regardless of the...
