Launa sent me to the store to buy bananas. I was expecting them to be .69 a pound but when I saw they were only .49 a pound I bought more than she asked for. I like a bargain and when I see one I stock up. I am even worse when it comes to…
DetailsLast week I pointed out the irrational prices of some high-flying tech stocks and mentioned that even though I love tech in the long run, I questioned whether it was worth what Wall Street was paying. Stocks, at some point, will usually return to a reasonable level based on value. I was glad to see…
DetailsThe current big market news has not, in my opinion, been the return to record levels but the way in which those levels have been attained. Many businesses are still languishing while market indexes have been pushed up largely by the meteoric rise of a relative handful of high-tech companies. I feel this is creating…
DetailsI decided to tackle the project of cleaning up my massive photo library from the past decade. It has been quite a walk down memory lane to times that were much different than they are today. While doing so, a friend called for some financial advice. He has been working on some investment opportunities but…
DetailsAssessing the effect of a Trump victory in November is much easier than evaluating a Biden win. Trump is a known entity and despite his unusual style, the actions he takes have been fairly predictable. Wall Street does not like uncertainty and so many investors and analysts are noticeably concerned about how a Biden presidency…
DetailsNow that the political parties have chosen their candidates, I would like to offer my preliminary assessment of how investors might be affected by the November election. It is possible to look at history and party platforms to get an idea of the direction one party might take the country, but politics is messy business…
DetailsI went golfing with a man who asked if I could help him with his retirement planning. He began to tell me a very common financial life story that I have heard many times. He had always struggled to save money. He spent his life earning quite a bit, and spending it as he went…
DetailsThis week it was reported that second quarter (Q2) Gross Domestic Product (GDP) fell more than at any time in history, and on the news the stock markets opened significantly lower. Trying to figure out the mind of an investor can be a challenging task. Sometimes I think the investing public has an unlimited capacity…
DetailsAs an airplane owner I have had the opportunity lately to spend a fair amount of time contemplating liability, and how risk can spread. We are all aware of the two major crashes of Boeing 737MAX airliners with the hundreds of deaths, and the grounding of a substantial portion of the fleet. Financially, the disaster…
DetailsA pilot awoke to a beautiful Florida day and decided to go sightseeing in his small plane. Several miles away another gentleman decided it would be a perfect day for jogging on the beach. As he ran along he passed many others who had awaken with the same idea and together they enjoyed the beautiful…
Details