Personal Finance

Prepare For Year-End, Not the Fiscal Cliff

There are three weeks left in the year and the world won’t be coming to an end, literally or figuratively, regardless of what the various doomsday prognosticators have to say. It’s impossible to turn on the television or open a newspaper without being assaulted with dire warnings about the impending disaster that is the “Fiscal Cliff”. It’s gotten to the point where...

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Unspoken secrets in the money management business

The past few weeks have been dominated by storms, literal and figurative:  the election, the fiscal cliff, Sandy, the nor-Easter and now infidelities. It was enough to give me a brain cramp and writer’s block. Rather than talk more about that which has been discussed too much already, I thought today I’d share with you some of the unspoken secrets in the investment management...

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Thoughts on the 3rd Presidential Debate

I don’t know about you, but I’m glad that’s over with. We’re in the home stretch now with only two more weeks until the general election. Then we’ll have two whole years until the machinery cranks back up again for the next one. Let me start by saying that sitting presidents have a major advantage when it comes to a debate on foreign policy because unlike their...

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Government Lies (and Statistics)

The government is lying to us. I know this isn’t exactly news, because they lie to us all the time. But in this case, I’m talking about inflation. According to the most recent “official” government announcement by the Bureau of Labor Statistics on September 14, “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in August on a seasonally...

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QE3

About 30 minutes ago Fed Chairman Ben Bernanke, as expected, announced another round of quantitative easing (QE3) in a futile attempt to stimulate our moribund economy. This is simply throwing good money ($40 billion per month) after bad. In addition to the aforementioned bond buying program he guaranteed that rates will remain exceptionally low until at least 2015. While this is great for...

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Who’s Managing Your Investments?

So who’s managing your investments? Are you trying to do it yourself, after work and putting the kids to bed, but before Letterman? Are you relying on Cramer or Suzy Orman, or one of the popular magazines for your tips and advice? Are you concerned that the complexity of the investment world and the myriad available choices is becoming too daunting for you to navigate alone? Maybe your...

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