Last week the Boston Globe ran an article with this headline: An Easy Year for Investors, 2014 to be More Difficult. Really? We all accept how difficult it is to predict markets, not that pundits don’t keep trying, but how difficult can it be to recount the past accurately?
I WANT TO KNOW MORE ABOUT...
Timely views and timeless advice on investing and planning from Thompson Wealth Management, Ltd.
It is gratifying that Eugene Fama and Robert Shiller won the Nobel Prize in economics last month because these scholars have had a formative influence on my investment thinking over the years, but their theories are contradictory... Which one is right?
Perspective Amid Worst-Case Forecasts
Now that the market is some 20% higher than it was on January 1st, how many even remember the "fiscal cliff" concerns that caused the market correction last fall? Doomsday scenarios on the budget deficit erroneously analogize the fiscal condition of the entire country to the condition of a household. They fail to recognize the country's valuable tangible and unique intangible assets, supported by an unparalleled history of innovation. The present wave of innovation may be entering a new phase of deployment rendering current budget assumptions meaningless.
Did you know that looking at a picture of yourself ten to twenty years down the road might help you to be a better saver?
These are notes from the book I wish I’d written. It pretty much says it all. The path of the author, Gordon Murray, mirrors my own high-flying experience on Wall Street and subsequent epiphany about the right way for individual investors to find investment success.