Like so many other people in America I get excited about football season. Part of it is just my eternally optimistic hope that the Bears will be competitive and make a run deep into the playoffs. Second to that though is the chance for fantasy football domination. I have to admit that my performance the Read more about What Fantasy Football Can Teach You About Investing[…]
The old adage Sell in May and Go Away suffers from one fatal flaw and several minor ones. If you are anywhere near the investment world I am sure you have heard it. “Sell in May and Go Away” History shows that markets do not perform as well in the summer months as they do in Read more about Sell in May and Go Away? You Might as Well Pick Red or Black[…]
What Makes the “Smart” Money so Dumb? Hedge – def: an investment to reduce the risk of adverse price movements in an asset. Fund – def: a supply of capital belonging to numerous investors that provides a broader selection of investment opportunities, lower fees, and greater management expertise than investors might be able to obtain Read more about Why Following Hedge Funds is a Terrible Investment Strategy[…]
Like millions of Americans, I was sad to see the Mythbusters show go off the air this year. I’ve been watching them since the very beginning and was thrilled over the past couple years to see my kids get into the show. If you are unfamiliar with the setup, they take common urban myths and Read more about Myth Busting the Wealth Management Industry[…]
Last weekend, Warren Buffett released his annual letter to shareholders. I look forward to this event every year. It is a lot like if your favorite author released a new book every year, or your favorite band released a new album. This letter is one of the purest and most consistent sources of great investment wisdom, and is available Read more about Lessons You Can Learn from Warren Buffett’s Letter[…]
“So Keith, should I buy stocks now or is the market going lower?” “What should I invest in if the stock market is going to go down further? I heard it could drop another 20%.” “My brother-in-law said that gold is going to skyrocket this year. He sold out of stocks back in November. He said we Read more about Playing with Buckets – The Current Market in Context[…]
It was once said to me that if you read five books on any given topic, you will know more than 95% of the population on that topic. I am not sure where that statistic comes from or if there is any accuracy to the claim, but I like it either way. However, with so many options out there to choose from, how do you determine where to get good relevant information. […]
Being in the money management profession, here is a conversation that I have on a not-infrequent basis.
Friend – “Keith, what is the best investment I can make right now?”
Me – “Books”
Friend – “What, like Amazon.com or Barnes & Noble stock or something?
Me – “No, like the books you read.”
Friend (now with confused look on face) – “Books on investing?”
Me – “If that’s what your interested in, sure.” […]
There are a lot of very uneducated people in the media who do an extreme disservice to the country when they talk about the evils of oil and gas companies in regards to alternative clean energy. For example I heard a political talk radio host say “There is no reason, other than corporate greed, that Read more about Why Don’t We See Solar Powered Cars?[…]
Stop buying gold people. Gold is not the world’s hard currency. It is not a permanent store of value, in fact it is one of the most speculative, and crooked markets out there. The only true world currencies are fossil fuels, fresh water, and trust. Now when I say trust I don’t mean it in Read more about Why Gold is a Terrible Investment (Unless You’re Giving It to a Lady Friend)[…]