It seems that during good times or bad there will always be financial advisors who violate the trust their clients place in them. Although the miscreants below actually represent only a tiny fraction of the many reputable and trustworthy CFPs out there, I am sharing their stories in the hope that it will make you…
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The S&P 500 just set a new high last week as of this writing. It’s up over 26% so far this year. And that’s on top of a 16% rise in 2020 and a nearly 29% jump in 2019. It’s completely understandable that investors would question whether they should remain in the stock market, let…
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I came across some data from the Federal Reserve that compares the ownership of assets in the U.S. by wealth percentile (the top 1%, the next 10%, the next 40%, and the remaining 50%). To add some flavor we’ll name these cohorts the Elite, the Successful, the Middle Class, and the Working Poor. Here’s a…
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Once again Bitcoin is in the news. This time the hype is around a new exchange-traded fund (ETF) just introduced by ProShares. The headline news purports it to be a safer way to invest in Bitcoins by avoiding unregulated exchanges and loss-prone Bitcoin wallets. While the ETF structure does add a modicum of legitimacy around…
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The recession that began in February 2020 as a result of the COVID pandemic officially ended in April 2020 according to the National Bureau of Economic Research (NBER), a private nonpartisan economic research organization. (From the vantage point of 2021 this should come as no surprise). That makes the two-month COVID recession the shortest in…
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In 2009, after the so-called Great Recession clobbered stocks, one of the largest mutual fund companies (PIMCO) produced a set of economic and investment analyses that they named the “new normal.” Right now McKinsey & Company is currently promoting their viewpoint of post-COVID changes in the workplace and in the economy under the rubric of…
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