As of 1991, a social worker named Shirley Sauerwein had never purchased a single share of stock in her life. “I didn’t understand it,” she told the Wall Street Journal in December of 1999. Then she heard about a local company on the radio: Then, while driving one day, she...
What’s the first thing that comes to mind when you hear the question “How do you get rich?” You might envision someone winning the lottery or receiving a large inheritance, but the most common and likely response is something along the lines of “make a lot of money.” If you...
What the Dow’s 28% (Update 32%) Crash Tells Us About the EconomySource: Bloomberg (Note: I added line breaking Dow $20k to reflect 3/18 trading)       Short answer: Recession. Longer answer: Decades ago, the Dow Industrials was used as a shorthand substitute for the broad market. It shouldn’t be — its not very...
Today’s Talk Your Book is brought to you by Fundamental Income and the NETLease ETF: This week Michael and I had the chance to talk with Alexi Panagiotakopoulos of Fundamental Income about all things the commercial real estate market. We discuss: How the crisis is affecting the corporate real estate market How...
How to Fill the Hole in Your Retirement PlanIt’s not impossible, but it does require a level head and planning.Bloomberg, April 16, 2020     You have been diligently working, saving and investing for retirement. You put in 40 or even 60 hours a week for almost 50 years. At long...
Dave Ramsey has the third most popular radio show in the country and the largest one with a financial focus. It is also far from the worst financial shows out there which tend to be thinly-disguised infomercials put on by insurance agents and loaded mutual fund salesmen. He...
“The stock market is detached from fundamentals” is something people in the investment industry like to say (and they’ve been saying this a lot lately). “We believe the market is fully valued right now” is another crowd favorite. Then there’s, “The market is trading at fair value.” I enjoy a good...
How to Fill the Hole in Your Retirement PlanIt’s not impossible, but it does require a level head and planning.Bloomberg, April 16, 2020       You have been diligently working, saving and investing for retirement. You put in 40–60 hours per week for almost 50 years. At long last, you get...
Financial infidelity can mean many things. I have talked for a long time about the importance of being on the same page financially with your spouse. It is so important to be open with each other as far as your finances go. If you are not doing this...
We discuss: What would a vaccine mean for the markets? Is the vaccine a sell-the-news event? Could we potentially see a stock market bubble when this crisis is over? Why is Uber’s stock price up this year? Why people are so angry at the stock market Is private equity a retail killer? What happens to...