March 12, 2013
The other day I received the following question that I know is on the minds of many people right now: Are you still advising about getting in the equities market after the great bull run of 2013?
investment advice
February 1, 2013
With the stock markets moving up I felt it would be a good idea to restate my position that stocks continue to pose too great a risk to be a smart investment. I still advise that people stay out of stocks and any funds containing them. The same goes for mid- and long-term bonds and funds relying on them.
March 21, 2012
Did you see what happened this week on Wall Street? It was quite a story! Last Wednesday, an executive director at Goldman Sachs resigned through an op-ed article in the NY Times. It was really something, the guy just unloaded about the toxic work environment where doing right by clients was not even a topic at sales meetings. The focus was on ripping clients off in a variety of ways including by persuading them to invest in products left on the books that the company was trying to dump. He even shared that he had seen no less than five different managing directors refer to their own clients as “muppets” in emails. It’s shocking and yet somehow it’s also not a surprise, right?
January 11, 2012
For the past two weeks the mainstream media’s year-end spin has been, "2011 was a break-even year for investors." Break even? I don't think so. Not even close. As we start the new year it's a good time to stop and look at the truth and at a successful investment strategy.
November 30, 2011
The game of long-term financial planning has changed. There are many reasons for this change: the inevitable impact of our government's massive debts, the high likelihood that the stock market will continue its ten-year-plus underperformance for at least another decade or more, also that the economy will be weaker than normal for a long time to come, that the current historically low interest rates cannot be maintained, and that the dollar will unavoidably become much weaker at some point have all combined to change the game.