S&P Mechanics 2022
S&P Mechanics 2022 Read More »
Growth
Closed End Funds: Illiquidity when you need liquidity
We got burned years ago with an instrument called a closed-end fund. Let me spend a few minutes on closed end funds—some of which we still own. Market Opportunities and Investment Themes Idealistically, some Wall Street firm identifies market opportunities in the fixed income market to seemingly help clients build wealth, where they see tremendous
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Don’t Ladder
All throughout my career I have heard the mantra of “laddering portfolios.” Laddering maturities means to buy a series of bonds over time so that regardless of whether interest do, there will soon be a bond maturing and one can reinvest the proceeds at the new interest rates. This is cowardly. This also provides the investor with
Health Planning is the same as Wealth Planning
It seems to me that, like many fad diets, the exercise of financial planning as it is marketed right now is in search of some magic elixir that will allow you to eat too much or exercise too little and then lose weight. The dangerous thing about financial planning at the big banks are the
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Ignore Growth and Value
You have to tip your hat to the consulting Firm born of ERISA, Frank Russell and Associates. They managed to find a business annuity from licensing fees. There are 11 S&P industry sectors19. Where did they come from? Standard and Poor’s convenes what I have heard called a conclave on a regular basis to decide exactly
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