Author Archive

Wells Fargo: Will They (We) Ever Learn?

By • Sep 20th, 2016 • Category: Financial Misconduct, Investment Strategy, Personal Investing, The Economic Scene

An unfortunate side effect of the heated presidential campaign is that it sucks away important stories from the daily headlines. One example has to be the disgrace at Wells Fargo, one of America’s largest banks. It’s a mind-boggling scam with far reaching implications, yet it’s received scant coverage in the general media. Briefly, thousands of […]

Annuities and Castles

By • Nov 30th, 2015 • Category: Annuities, Investor Mistakes, Personal Investing

Senator Elizabeth Warren (D-MA) loves to point out what she sees as piggish behavior on Wall Street. And as part of that crusade, a few weeks ago she issued a report that questions some practices common among sellers of annuity products. The report, provocatively titled, “Villas, Castles, and Vacations: How Perks and Giveaways Create Conflicts […]

What Should You Do in a Bear Market?

By • Sep 22nd, 2015 • Category: 401K, Investor Mistakes, Mutual Funds, Personal Investing

As every investor knows, the markets have been especially volatile lately. Ok, now what? You’ve probably heard the advice to ride through market turbulence. That is good advice, but it needs to be repeated regularly because too many folks don’t heed it – even people who should know better. Last week a reporter for a […]

The Worst 401(k) Advice Ever

By • Jun 5th, 2015 • Category: 401K, Investment Strategy, Investor Mistakes, Personal Investing, Retirement savings

In our society, those who step the furthest outside of conventional norms tend to get the most attention. See: Kardashian, Kim. Which brings me to today’s topic. James Altucher has been getting lots of attention lately because of a 62-second video he posted for Business Insider. The video’s target audience seems to be millennials, folks […]

Will Your 110th Birthday Be Happy? The Financial Risks of Longer Life.

By • Mar 30th, 2015 • Category: 401K, Fidelity mutual funds, Investment Strategy, Investor Mistakes, Mutual Funds, Personal Investing, Retirement savings

Did you see the “Killing Cancer” story on 60 Minutes this past weekend? The TV newsmagazine, in a rare move, devoted two of its three main segments to what may turn out to be a major breakthrough in fighting the dreaded disease. Scientists and physicians at Duke University are using a modified polio virus to […]

Stay Cautious with High-Yield.

By • Jul 29th, 2014 • Category: Fidelity mutual funds, Investor Mistakes, Mutual Funds, Personal Investing, Retirement savings

As you well know, interest rates are achingly low; short-term rates are near zero. That’s why investors seeking a better return are looking in all kinds of nooks and crannies of the investment world, places which might be beyond their normal level of comfort or expertise. A brief reminder about higher rates: there is generally […]

Lessons of the Debt-Ceiling Crisis

By • Oct 21st, 2013 • Category: Fidelity mutual funds, Investment Strategy, Personal Investing, The Economic Scene

The debt-ceiling crisis is over, at least for now. And that means a respite from daily headlines full of words like “crisis,” “default,” “disaster” and “cataclysm.” As always, alarming headlines intimidate many investors into making bad decisions. But I am happy to report that, in our office at least, there were far fewer phone calls […]

Don’t Expect a Bond Crash

By • Aug 26th, 2013 • Category: ETFs, Fidelity Funds, Fidelity mutual funds, Investment Strategy, Mutual Funds, Personal Investing

  A number of clients have been asking about the risks involved with bonds and bond funds, now that it appears interest rates may start to rise. After all, they correctly point out, when rates rise, bond prices fall. Jack Bowers has touched on this in the newsletter, and I want to amplify and add […]

The Smart Way to Pay for College

By • Jun 18th, 2013 • Category: Mutual Funds, Personal Investing, Retirement savings

When it comes to paying for your kids’ college, procrastination can be a costly mistake. Just how costly? According to a new study by mutual fund firm T. Rowe Price, borrowing to pay for tuition, rather than saving and investing ahead of time, can effectively double the cost of your child’s education. As you may […]

Lavish Hedge Fund Paydays – Just Not for the Investors

By • Apr 16th, 2013 • Category: Fidelity mutual funds, Investment Strategy, Mutual Funds, Personal Investing, The Economic Scene

Profits are good. You love profits, I love profits. But with some regularity a few titans of the financial world take home mind-boggling profits, and you have to wonder, why? Did they really deserve it? An article in The New York Times of 4/15/13, documented how a handful of hedge fund managers made massive amounts […]