Research has shown no reliable way to predict the top‑performing stocks, arguing for diversification instead. The stocks commonly referred to by the FAANG moniker— Facebook, Amazon, Apple, Netflix, and Google (now trading as Alphabet)—have posted impressive gains through the years, with all now … [Read more...] about How Markets Work and the FAANG Mentality
SECURE ACT – New Tax Law changes
New Decade - New Tax Law. Once again, Congress passed a major piece of legislation as they headed out the door for the Holiday last month. Congress passed "The Setting Every Community Up for Retirement Enhancement Act", better known as the SECURE Act. The SECURE Act -- the most impactful … [Read more...] about SECURE ACT – New Tax Law changes
We Didn’t Start the Fire
Maureen and I were able to attend the on-going concert series with Billy Joel at Madison Square Garden in NYC with our friends. Billy has been playing once a month at MSG for over a year and will continue to perform as long as the shows continue to sell-out. It will probably be awhile if his … [Read more...] about We Didn’t Start the Fire
Merry Christmas and Happy Holidays 2019
‘Twas the night before Christmas in the Crimmins’ house Not a creature was stirring, not even a mouse; The stockings were hung by the chimney with care, In hopes that St. Nicholas would soon be there; The girls were all hanging out in their beds, With iPods loudly playing music in their … [Read more...] about Merry Christmas and Happy Holidays 2019
Technology Reaching all Corners of the World
Several years ago, I wrote a post on the incredible expansion of airline travel which has transformed the global trade and expanded the economies throughout the world. This post deals with an equally important but more subtle improvement which has occurred and will continue for many years to … [Read more...] about Technology Reaching all Corners of the World
Hindsight Is 20/20. Foresight Isn’t.
The year 2019 served up many examples of the unpredictability of markets. Interest rates that US policy makers expected to rise fell instead. American consumers’ confidence weakened as the year began,1 and news headlines broadcast fears of an economic slowdown. But investors who moved onto the … [Read more...] about Hindsight Is 20/20. Foresight Isn’t.