Insights

The only true goal of investing is GROWTH. Bonds, bank accounts, and annuities are, in many ways, speculations — primarily because of inflation risk. One of the great wonders of…

Hiding in plain sight: a 9% adjusted shareholder yield. For many years, we focused primarily on dividend yields. In earlier decades, high dividend yields were relatively easy to find, but…

Why did the market recover so fast? Recoveries from bear markets are typically swift. Short sellers — speculators who bet on declining prices — must eventually repurchase the securities they…

At all times — but especially during uncertainty — it’s important to rely on history and evidence when making investment decisions. Let’s consider 250 years of U.S. economic history. We’ve…

On March 18, China reported that new coronavirus cases had nearly reached zero. I marked “Market Bottom” on my calendar. It took a few days for the news to register…

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law on March 27, 2020. Below are highlights relevant to retirement accounts. More information will become available as implementation…

We are well aware that emotions are high and many of you are asking, “What should we do?” This past week, we’ve been saying the same thing we always do:…

PREDICTIONS AND POLICIES… The predictions that guide policies are failing to perform as expected. These predictions are often the ones that conflict with common sense. Their failure makes it even…

The predictions that guide policies are failing to perform as expected — especially those that defy common sense. These failures make it harder for forecasters to project the future. Here…

There was a time when catalysts were very important in investing. In finance, a catalyst is a factor that accelerates the rise in a stock’s price. Sometimes the catalyst is…

Another New High in the stock market this week. The longest bull market in U.S. history continues. The combination of the new highs and the length of the bull market…

We’d like to thank you for our success. The success I am writing about is the outperformance of your accounts. At least half the credit for your success is due…