A Few Dollars More

No doubt about it, 2008 was a bad year for the stock and bond markets. Hopefully, the coming year may not be as bad but nobody I know is counting on a great 2009 either. Given the recession, dim prospects for investment and a general feeling that conserving capital might not be a bad idea, [...]

[Read more →]

I’ve fielded a number of calls lately from clients over 70 ½ who are required to take a minimum required distribution (MRD) from their tax-deferred accounts before the end of the year. The rules state that everyone who owns a traditional IRA (and certain other types of defined contribution retirement accounts) must begin to liquidate [...]

[Read more →]

It was another week of battle between bulls and bears. Despite continued bad news however, the markets make head way one grudging step at a time. As it does, more and more investors who have been watching nervously from the side lines will begin to put money in the market. When enough investors are committed [...]

[Read more →]

If that sounds like a dream, wake up America because something of the sort will most likely be needed to get us buying and borrowing again. I expect by June we will see a government-sponsored initiative that will guarantee new consumer loans issued by now-government controlled banks for all sorts of things from mortgages to [...]

[Read more →]

Despite Friday’s blow up of the Detroit bail-out, the massive lay-offs from every corner of America and the revelation of an alleged $50 billion Ponzi-scheme from one of Wall Street’s top brokers, Bernard Mad off, the U.S. market is hanging in there. Can investors continue to shake off bad news and for how long?

[Read more →]

The time has come to consider income investments. Yes, those boring bond and stock funds that provide interest and income in a market I believe will at best do nothing throughout most of next year. Granted, you won’t be the center of attention at your holiday office party but you will be way ahead of [...]

[Read more →]

In my 28 years on Wall Street I’ve lived through over thirty stock market corrections worldwide. Not once have I been able to call a market bottom. I gave up trying long ago and it has not hurt my performance at all. Here’s why.

[Read more →]

Last night the U.S. Treasury Department leaked the rough details of a plan designed to boost home sales. The scheme would use the weight of government-owned mortgage giants Fannie Mae and Freddie Mac to ‘encourage’ banks to lend money a full point below existing 30 year, fixed rate mortgages. Okay, I admit, that got my [...]

[Read more →]

I am about to say something heretical, even life threatening to the investment community. As markets continue to decline and trillions of dollars of retirement money evaporates, an increasing number of investors, myself included, are taking issue with the argument that a Buy-and-Hold investment philosophy is the best approach for all individual investors over the [...]

[Read more →]