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
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
Belling the Cat – Using research to time the stock markets
Sometimes even the best of ideas are only good in theory because they are impossible to implement in practice. This holds true to the financial world as well. Academic financial research generates hundreds of research papers each year highlighting potential ways for investors to get a … [Read more...] about Belling the Cat – Using research to time the stock markets
De-Cluttered Office Desks
Recently our office has moved into the new age. Not new technologies mind you. We have purchased standing desks for all of us. The standing computer desk size is small. It fits our computer laptop and a pad, but not much else. When I first started working at Chase Manhattan Bank in the mid … [Read more...] about De-Cluttered Office Desks