Category Archives: Bonds

Time to Chase Bill Gross?

Jason Zweig at the Wall Street Journal had a very good piece on whether to follow Bill Gross as he goes from Pimco to Janus.  Let me quote one paragraph: Morningstar estimates that over the past five years, the average investor fell behind Pimco Total Return’s 5.6% annual gain by 1.6 points a year—largely as […]

Retirement – A Luxury Good

Recently I was approached by Moneytips to ask my opinions about retirement. They sent me a long survey of which I picked a number of questions to answer. You can get the benefits of the efforts of those writing on this topic today in a free e-book, which is located here: http://www.moneytips.com/retiree-next-door-ebook.  The eBook will be […]

Redacted Version of the September 2014 FOMC Statement

July 2014 September 2014 Comments Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. This is another overestimate by the FOMC. […]

Goes Down Double-Speed (Update 2)

This is the third time I have written this article during this bull market.  Here are the other two times, with dates: Goes Down Double-Speed 2/17/2011 Goes Down Double-Speed (Updated) 5/22/2013 The first time, we had doubled since the bottom.  Second time, up 2.5x.  Now it is a triple since the bottom.  That doesn’t happen often, and […]

The Art of Extracting Large Commissions From Investors

The dirty truth is that some investments in this life are sold, and not bought.  The prime reason for this is that many people are not willing to learn enough to save and invest on their own.  Instead, they rely on others to corral them and say, “You ought to be saving and investing.  Hey, […]

The Victors Write the History Books, Even in Finance

    “It ain’t what you don’t know that hurts you, it’s what you know that ain’t so.” (Attributed to Mark Twain, Will Rogers, Satchel Paige, Charles Farrar Browne, Josh Billings, and a number of others) A lot of what passes for investment knowledge is history-dependent, and may not serve us well in the future.  Further, a certain […]

On Research Sources and Trading Rules

  On a letter from a reader: In your Industry Ranks August 2014 post you mentioned that you use Value Line analytic tools. If it is not a secret, what other third-party research and analysis do you use, especially for company analysis (MorningStar, Zacks…)? Do you rely/subscribed on Interactive Brokers “IBIS Research Essentials?” If yes, […]