The year 2022 will go down in my book as the worst year in history for the U.S. investment markets. Why do I assert that so strongly? It’s because of what happened to bonds. The S&P 500 lost -18.1%, making 2022 merely the seventh worst year since 1926. But that wasn’t the main story. The…
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At the tail end of December President Biden signed into law the Secure Act 2.0 as part of the $1.7 trillion Consolidated Appropriations Act of 2023. Its name represents an extension of the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act that was the Federal government’s first major retirement-focused legislation since 2006. Secure…
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Last year the city of Oakland launched a program called Resilient Families to provide 600 low-income families with $500 a month for 18 months without any limitations on how the money can be spent. The funding came from donations from a philanthropic partnership (Blue Meridian Partners) and the program is run by a non-profit (UpTogether).…
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If I had told you a year ago that Facebook’s stock price would drop by more than 70% in 2022, what would you have thought? That I’m crazy? Well, that’s exactly what occurred. From 2014 through 2021 an investment in Facebook (now Meta) would have cumulatively outperformed an investment in the S&P 500 by nearly…
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Over my many years as a financial planner I’ve pretty much heard it all when it comes to investment beliefs and expectations. Here are five of the more interesting investment fallacies I’ve encountered. A stock split is a buy signal (false). A stock split is nothing more than a company’s attempt to reduce the price…
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It’s open enrollment time again. Ordinarily when someone turns age 65 they should sign up for Medicare, or else risk having a late enrollment penalty applied to future premiums. But the rules are quite different for people still working. I will attempt to simplify them as briefly as possible. First, here are some basic Medicare…
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