How many can you prevent yourself from making? Year after year, in bull and bear markets, investors make some all-too-common blunders. They have been written about, talked about, and critiqued at some length – and yet they are still made. You can chalk them up to psychology, human nature, perhaps even a degree of peer […]
Classic Investing Mistakes Read More
DOW TOPS 17,000 AFTER TERRIFIC JOBS REPORT America’s jobless rate is fast approaching the Federal Reserve’s 6% target. Thanks to employers adding 288,000 new hires, unemployment dropped 0.2% to 6.1% in June. The U-6 rate (unemployed + underemployed) declined to 12.1%, a low unseen since October 2008; from June 2013 to June 2014, the number
Growth Report for Monday, July 7th, 2014 Read More
Economists aren’t alarmed. Investors shouldn’t be either. Blame it on winter, not the consumer. The second estimate of first-quarter growth arrived on May 29, and according to the Bureau of Economic Analysis there was no growth at all. For the first quarter in three years, the economy contracted: U.S. real GDP was revised down to
Why the Poor Q1 GDP Is No Big Deal Read More
A LITTLE MORE CONFIDENCE IN THE ECONOMY The Conference Board’s consumer confidence index rose 3.0 points for June to 85.2, exceeding the 84.0 consensus forecast of analysts polled by Briefing.com. Those analysts thought the University of Michigan’s final June consumer sentiment index would come in at 81.7; it climbed to 82.5 instead. In related news,
Growth Report for Monday, June 30, 2014 Read More
A look at the fundamentals affirms the hunch. The stock market may be up and down this year, but America’s economic recovery seems to be proceeding at a decent pace. Anyone who wants some evidence of that can find it in some key fundamental indicators. Pessimists may counter: didn’t the economy grow just 0.1% in
The Economy Heads for Normal Read More
INFLATION PICKS UP The Consumer Price Index increased 0.4% in May – the biggest monthly rise in over a year, with food prices up 0.5%. Labor Department data showed the core CPI (minus energy and food prices) up 0.3% for May; that was its largest monthly advance since August 2011. All this put the annualized
Growth Report for Monday, June 23, 2014 Read More
A convenient move that could ward off probate on your accounts TOD, JTWROS…what do these obscure acronyms signify? They are shorthand for transfer on death and joint tenancy with right of ownership – two designations that permit automatic transfer of bank or investment accounts from a deceased spouse to a surviving spouse. This automatic transfer
The Importance of TOD & JTWROS Designations Read More
UNREST IN IRAQ SENDS OIL TOWARD $107 NYMEX crude settled at $106.91 Friday, up 4.1% for the week in reaction to the Sunni-led ISIS militant movement seizing control of Mosul and other cities in northern and eastern Iraq. It was oil’s biggest weekly spike since December. While the price of unleaded gasoline fell a cent
Growth Report for Monday, June 16, 2014 Read More
When was the last time you looked at the content of your portfolio? When turbulence hits Wall Street, are you stressed out? If you have taken on too much risk in your portfolio – which can happen through intention or inattention – stock market volatility may make you anxious. So from time to time, it
Do Your Investments Match Your Risk Tolerance? Read More
HIRING CORRESPONDS TO EXPECTATIONS Employers added 217,000 new jobs in May, just 1,000 less than analysts polled by Reuters had forecast. Over the past year, payrolls have expanded by average of 197,000 new hires a month. The jobless rate remained at 6.3% in May, but the U-6 rate (the unemployed + the underemployed) sank to
Growth Report for Monday, June 9, 2014 Read More
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