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Understanding the Fed’s Rate Hikes and the Market
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... over the past 20 years. In the long run, patience pays off. ...
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Is the Next Stock Market Catalyst Taking Shape?
(Main Content/blog)
... of good news: Consumer prices rose more than 9% on an annualized basis in June, the worst reading in 41 years. But something interesting is happening. While the official data are still ...
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When Will Stocks Get Back in the Black?
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... bad news, stocks that can potentially deliver robust appreciation over many years are effectively on sale. Market selloffs are indiscriminate: Scared investors tend to sell off their quality stocks along ...
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For Investors, the Shoe Has Dropped
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... is down 18%, while the Nasdaq Composite is off by a stomach-churning 27%. The Dow Jones Industrial Average looks "good" by comparison—it's only given up 14.5%. After years of the markets flying high, ...
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Market Turmoil Brings Buying Opportunities
(Main Content/blog)
... years. In late 2021, price-to-earnings ratios for the NASDAQ were over 30; today they are closer to 25. Technology growth stocks have stumbled in large part because of expectations of higher interest ...
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A Bad Time to Be Over-Diversified
(Main Content/blog)
... risk without the benefit of higher returns. In fact, over-diversification can be a drag on returns. Imagine you bought Apple 30 years ago, when shares were still cheap, and held it; you'd have a massive ...
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Why I Don't Invest in Crypto
(Main Content/blog)
Cryptocurrencies have taken off. Just 12 years since the debut of Bitcoin, the first crypto, the total value of all cryptocurrencies has soared to more than $2 billion globally. That's more than twice ...
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Higher Interest Rates Could Hammer Stocks
(Main Content/blog)
Inflation is back. U.S. consumer prices rose 6.2% year-over-year in October, the steepest increase in more than 30 years, as a flood of cheap money surging met consumer demand and supply chain bottlenecks. ...
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Time to Make a Shopping List
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... No one can say with certainty where the market will go from here. But stocks have gone more than 13 years without a major correction, so a pullback of 10% or more would not be surprising. But rather ...
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Will Biden Double the Capital Gains Rate?
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... to soak farmers and family businesses. Biden, who spent 36 years in the Senate before spending eight more as Vice President, is the definition of a savvy politician. I believe he sees the capital gains ...
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When Will Stocks Rise Again?
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... record high of 4,233, the S&P index has bounced around, mostly lower, for more than a month. The market won't stagnate forever—over the past 20 years, its annual return has averaged 11.6%. Every ...
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How to Invest for Inflation
(Main Content/blog)
After years of ultra-low inflation, costs are rising at their fastest rate since 2008. The poster child this time around is lumber, where prices have risen more than 85% this year and 280% in the past ...
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Rising Inflation and Interest Rates: What to Do
(Main Content/blog)
... not a $1,520 monthly payment, at 4.5%, for example. And over 30 years, that higher-rate loan would add in excess of $100,000 to your total payments. Rising Treasury yields also have implications for ...
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What the Democrats' Win Means for Stocks
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... While the distribution of the highly effective vaccines is good news, the rollout has been disappointing. At the current rate, it will take an estimated three years to achieve so-called herd ...
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Use Tax Planning to Grow Wealth Faster
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... your traditional IRA will trigger a tax bill—but the reason to do it now is that tax rates are at historic lows. Many experts believe that rates will rise, if not in 2021, then in the next several years. ...
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Be Very Careful Here
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... be in for a second wave of the outbreak very soon. Some promising treatments are being developed for those who fall ill, but a vaccine is months if not years away. That all adds up to uncertainty for ...
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What to Do Now
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... strong balance sheets and, I think, great futures. Some of these firms, including in tech, had rallied so much in recent years that they didn't make sense to buy. Now they do. So don't get psyched out ...
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The Coming Corporate Debt Cliff
(Main Content/blog)
... businesses to borrow trillions of dollars. But they'll soon have to pay the piper: Some $4 trillion of corporate debt will come due in the next five years – and the fallout could affect the economy as ...
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Bond Yields Are Low – So Where Do You Find Income?
(Main Content/blog)
... and 7% with duration under 5 years. The range is based on several variables, including prepayments and defaults of the underlying mortgages, as well as projected valuations of defaulted properties. Non-agency ...
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Time to Invest Smarter
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... collected in the first several years of the recovery are gone. Going forward, you'll have to dig into the research to find companies that are poised to do well. If you'd like to talk about your investments, ...