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New Investment Concepts for Safer Investing and Continuing Education Certificate Program:
Learn New Investment Concepts for Safer Investing from our Continuing Education Certificate Program and get the key terms here. |
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Partners and Sponsors - Finance:
There is no charge to become a sponsor of our Investment Workshops and Seminar Programs, and doing so can become a money maker for your business--- directly and indirectly. |
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Partners and Sponsors - Golf:
There is no charge to become a sponsor of our Investment Web-Workshops and Seminar Programs, and doing so can become a money maker for your business--- directly and indirectly. Paid sponsorships of individual web-workshops are available. |
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Filling The Investment Education Void With Web Workshops:
Appreciating Basic Risk Minimization Techniques. a) Understanding the purpose and use of Asset Allocation; b) Developing appropriate security selection criteria; c) Establish diversification and income rules; d) Adopting downward flexible profit taking guidelines. |
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Amazon.com Investment Book Reviews: Have You Been Brainwashed?:
Most popular investment books are published for the already rich and famous, by an industry that has become just too good at the business of selling books. Rarely will a publisher take a chance with the work of an unknown author. |
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Investors Dig The BIG Buy Low - Conclusion (October, 2005):
Market Corrections can be good for the wallet! Corrections are part of the normal "shock market" menu, and can be brought about by either bad news or good news. If you don’t love corrections (and deal with them like visiting relatives) you really don’t understand the financial markets. Don’t be insulted, it seems as though very few investors see it this way. |
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Investors Dig The BIG Buy Low (October, 2005):
Market Corrections can be good for the wallet! Corrections are part of the normal "shock market" menu, and can be brought about by either bad news or good news. If you don’t love corrections (and deal with them like visiting relatives) you really don’t understand the financial markets. Don’t be insulted, it seems as though very few investors see it this way. |
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A New Wall Street Line Dance: Performance - Line One (December, 2005):
Every December, with visions of sugarplums dancing in their heads, investors begin to scrutinize their performance, formulate coulda’s and shoulda’s, and determine what to try next year. It’s an annual, masochistic, rite of passage. |
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A New Wall Street Line Dance: Performance - Line Two (December, 2005):
Every December, with visions of sugarplums dancing in their heads, investors begin to scrutinize their performance, formulate coulda’s and shoulda’s, and determine what to try next year. It’s an annual, masochistic, rite of passage. |
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Investment Strategy: The Investor's Creed, and Smart Cash:
The Stock Market is a dynamic place where investors can consistently make reasonable returns on their capital if they comply with the basic principles of the endeavor AND if they don't measure their progress too frequently with irrelevant measuring devices. Five simple concepts of Asset Allocation, Investment Strategy, and Psychology are summed up quite nicely in the 'The Investor's Creed'. |
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An Investor's View of The Fair Tax: A 2006 Resolution (March, 2006):
A Government that bemoans the population's low savings and investment rates has only itself to blame. The majority of Americans would agree that investing, retirement planning, and estate preservation would be easier to manage if the Internal Revenue Code was comprehensible. A landslide of American voters would elect any candidate championing IRC replacement surgery. |
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Ten Common Investment Errors: Stocks, Bonds, & Management:
Losing money on an investment may not be the result of a mistake, and not all mistakes result in monetary losses. Compounding the problems that investors have managing their investment portfolios is the sideshowesque sensationalism that the media brings to the process. Avoid these ten common errors to improve your performance: |
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The Dow Jones Industrial Average: Failing the Average Investor:
To most investors, the DJIA provides all of the information they think they need, and they worship it mindlessly, thinking that this time tattered average has mystical predictive and analytic powers far beyond the scope of any other market number. It's Wall Street's rendition of 'The Emperor's New Clothes'. |
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In Value Stock Investing, Quality is Job One (June, 2006):
How do we create a confidence building Stock Selection Universe? Simply operating on blind faith with one of the common definitions may be too simplistic, particularly since many of the numbers originate from the subject companies. |
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RELAX, A Volatile Stock Market Is Your Dearest Friend:
Call it foresight, or hindsight if you want to be argumentative, but a long-term view of the Investment Process eliminates the guesswork and points pretty clearly toward a trading mentality that keys on the very natural volatility of the hundreds of Investment Grade Equities out there for your portfolio building attention. |
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Stock Market Window Dressing: The Art of Looking Smart!:
At least four times per year, security prices are more a function of institutional marketing practices than they are a reflection of the economic forces that (we would like to think) are their primary determining factors. Do you remember the "Circle of Gold" chain letter from the seventies? |
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Solving Social Security is No Big Deal - The Solution (August, 2006):
Are you surprised that there is no Social Security Trust Fund... no investments and no Investment Managers. This is a gigantic Government designed and controlled Ponzi scheme that has worked incredibly well in spite of congressional tinkering and prohibitively high cost. There was always a tax plan for funding the benefits, but never an Investment Plan. |
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Solving Social Security is No Big Deal - Details (August, 2006):
Are you surprised that there is no Social Security Trust Fund... no investments and no Investment Managers. This is a gigantic Government designed and controlled Ponzi scheme that has worked incredibly well in spite of congressional tinkering and prohibitively high cost. There was always a tax plan for funding the benefits, but never an Investment Plan. |
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Investment Management Strategy: Seven Principles for Success:
Establish a profit-taking target for every security you purchase. Avoid Unrealized Gains, Embrace Volatility, Increase Annual Income, and remember that all key investment moments are only visible in rear view mirrors. Keep in mind that you need Income to pay the bills, and examine Market Value numbers at intelligent intervals. |
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Investment Perspective: Two Books that will Tweak Your Understanding and Jump Start Your Imagination (September, 2006):
As totally different as these books are in size, subject matter, and writing style, they brought me around to the same periphery broadening conclusions. As investors, we are perhaps the largest single non-partisan constituency in America whether self-employed, employed by others or retired. |
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Investment Scandals & Scams: What's Next! (October, 2006):
Plain vanilla fraud and theft are less worrisome to me than situations where the general acceptance of misinformation or "business as usual" practices allows inherently bad product ideas and blatant mismanagement to become accepted by regulatory authorities, financial professionals, and myopically gullible consumers. Here are some candidates for future "Blockbuster Scandal Awards" (B S Awards, if you will): |
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Year End Investment Ideas and K.I.S.S. Tax Strategies:
First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket. The key issue in considering a capital loss is the economic viability of the investment… not your tax situation! Surely, speaketh the Conventional Wisdom prophets, these profits will hang around until next year, thus deferring those terrible taxes! (Worked real well at year-end '99, you'll recall.) |
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Dealing With Stock Market Corrections: Ten Do's and Don'ts (March, 2007):
A correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I'm told, corrections adjust equity prices to their actual value or "support levels". So if you over think the environment or over cook the research, you'll miss the party. Unlike many things in life, Stock Market realities need to be dealt with quickly, decisively, and with zero hindsight. |
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March Investment Madness: The Financial Final Four (March, 2007):
What correlation could there possibly be between an Annual Round Ball Tournament and an Investment Portfolio or its Management? The Final Four is comprised of the best teams, not necessarily the best players. If the legendary Greek was handicapping portfolio management teams, he would be smiling broadly and rubbing his hands together in anticipation of making odds in the Financial Markets! How cool is this, a game with no end. |
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Investment Politics 2008: What's (left) In Your Wallet?:
As Investors, we represent the single biggest voter block in the country. We must respond in one voice to the endless political drivel with a resounding "Money Talks, BS Walks". We want decision makers who design laws that aid economic freedoms, not lawmakers who make decisions that restrict them. Here's the MT~BSW "Financial Plan" for the 2008 Election. Dot Connectors Wanted! |
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An Investor's Eye View of the Corporate Income Tax (April, 2007):
Politicians have neither been shy about dictating "proper" behavior to individuals nor hesitant in shamelessly picking the pockets of businesses. At the root of the problem is the tremendous investment the major parties have in nurturing divisiveness, jealousy, and misunderstanding in the electorate. The Corporate Income Tax is a non-productive weight on business decision makers, causing expenditures that would not be considered were they not tax deductible. |
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Stock and Bond Trading as a Conservative Investment Strategy (May, 2007):
Trading does not have to be done quickly to be productive, and it doesn't have to focus on higher risk securities to be profitable. And perhaps most importantly, it doesn't have to avoid the interest rate sensitive income securities that are so important to the long-term success of any true investment portfolio. No more calls of your highest yielding paper when interest rates fall. Instead, you are taking capital gains, compounding your yield Of course its magic. |
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How Do You Spell Correction? (August, 2007):
Repetition is good for the brain's CPU, so forgive me for reinforcing what I've said in the face of every correction since 1979... if you don't love corrections, you really don't understand the financial markets. Don't be insulted, it seems as though very few financial professionals want you to see it this way and, in fact, Institutional Wall Street loves it when individual investors panic in the face of uncertainty. |
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Ishares and ETFs: Pushing the DJIA Toward the Cliff:
So, in addition to the normal risks associated with investing in general, we add: speculating in narrowly focused sectors, guessing on the prospects of unproven small cap companies, experimenting with securities in single countries, rolling the dice on commodities, and hoping for the eventual success of new technologies. |
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Commissions = Brainwashing Spelled Backwards!:
In investing, fixed costs are minimal unless you go out of your way to increase them by adopting some form of flat fee, commission-replacement arrangement. A management person responsible for directing your portfolio is a fixed expense; commissions were meant to be variable. .Think about it this way. The major Full Service firms on Wall Street charge backbreaking, obscene, commissions and they stay in the retail business. |
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The Dow, Your Portfolio, and Aliens (October, 2007):
When investors start to question why their Municipal Bond portfolios are trailing the gain in the Dow, or when retirees start to buy gold bullion instead of groceries, something is wrong. And it's the same ole stuff that produces the greed and fear that lead to investment-program-destroying mistakes every time! So lets look at the performance of the Dow, to gain some perspective. |
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The Investor's Creed and Your Investment Portfolio (October, 2007):
The shock market is the adult version of childhood thrill rides, but with no predictable beginning or end, and no way of gauging the size or duration of the peaks and valleys. This is one of the very few things that can actually be known about The Market, security groups, and sectors. |
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Wall Street Conventional Wisdom and Stock Market Corrections (November, 2007):
Corrections are as much a part of the normal Market Cycle as rallies, and they can be brought about by either bad news or good news. (Yes, that's what I meant to say.) Investors always over-analyze when prices become weak and lose their common sense when prices are high, thus perpetuating the "buy high, sell low" Wall Street lunacy. |
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Stock Market Investing - The November Syndrome (November, 2007):
November is particularly exciting because it hosts the convergence of four Katrina-level forces, all of which are part of Wall Street's conventional wisdom while none of them lead to intelligent investment decision making. And this year we have a special treat in the form of a Category Three market correction in the Value Stock sector. |
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Stock and Bond Trading Powers Modern Asset Allocation (January 2008):
Trading does not have to be done quickly to be productive, and it doesn't have to focus on higher risk securities to be profitable. And perhaps most importantly, it doesn't have to avoid the interest-rate-sensitive income securities that are so important to the long-term success of any true investment portfolio. |
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Market Cycle Investment Management:
Whatever happened to the Stock Market Cycle; the Interest Rate Cycle; Baby Jane? How did Wall Street get away with pushing these facts of financial life down the basement stairs? Most investors, I'm beginning to believe, and all financial advisors, media representatives, and market gurus have abandoned these fascinating curves for the comfort of a straight-edged twelve-month playing field... simple, yes; realistic, not. |
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Investment Performance Analysis Using the Working Capital Asset Allocation Model - Part 2:
Every December, with visions of sugarplums dancing in their heads, investors begin to scrutinize their performance, formulate couldas and shouldas, and determine what to try next year. It's an annual, masochistic, right of passage. My year-end vision is different. I see a bunch of Wall Street fat cats, ROTF and LOL, while investors and their alphabetically correct advisors determine what to change, sell, buy, re-allocate.. |
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Asset Allocation for Foundation and Endowment Investment Portfolios - Part 2 (February 2008):
One can only speculate about how much "Bubble Paper" finds its way into the these portfolios, but nearly all of them are managed by the major brokerage firms, and all such firms bonus their brokers on the basis of product sales. It is not uncommon for Wall Street to re-write the syllabus for Investments 101, redefining Quality, Diversification, and Income to suit its own dark purposes. |
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Asset Allocation for Foundation and Endowment Investment Portfolios - Part 1 (February 2008):
One can only speculate about how much "Bubble Paper" finds its way into the these portfolios, but nearly all of them are managed by the major brokerage firms, and all such firms bonus their brokers on the basis of product sales. It is not uncommon for Wall Street to re-write the syllabus for Investments 101, redefining Quality, Diversification, and Income to suit its own dark purposes. |
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Just Another Credit Crunch? - Part 2 (February 2008):
Many investors are beginning to think that income investing is every bit as risky as equity investing, but nothing has really changed in the relationship between these two basic building blocks of corporate finance. What has changed in recent years is the nature of the derivative products created by the wizards of Wall Street to deliver both forms of securities to investors. |
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Just Another Credit Crunch? - Part 1 (February 2008):
Many investors are beginning to think that income investing is every bit as risky as equity investing, but nothing has really changed in the relationship between these two basic building blocks of corporate finance. What has changed in recent years is the nature of the derivative products created by the wizards of Wall Street to deliver both forms of securities to investors. |
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Investor Political Priorities - A Survey - Part 2 (February 2008):
Many investors are beginning to think that income investing is every bit as risky as equity investing, but nothing has really changed in the relationship between these two basic building blocks of corporate finance. What has changed in recent years is the nature of the derivative products created by the wizards of Wall Street to deliver both forms of securities to investors. |
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Investor Political Priorities - A Survey - Part 1 (February 2008):
Many investors are beginning to think that income investing is every bit as risky as equity investing, but nothing has really changed in the relationship between these two basic building blocks of corporate finance. What has changed in recent years is the nature of the derivative products created by the wizards of Wall Street to deliver both forms of securities to investors. |
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Investment Performance and The Working Capital Model (March, 2008):
The Working Capital Model (WCM) approach to portfolio performance evaluation eliminates the tears and fears because it is based on more than the current market value illusion of wealth--- a number that won't sit still long enough to ever be meaningful. Market value, within the WCM, is used only to determine what to buy and/or when to take profits |
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The Rally Is Coming! The Rally Is Coming! (March, 2008):
The market has never and will never be a one way ticket to ride (smile Beatles fans). None of the important aspects of the voyage (advances, declines, speed, beginning, or end) are predictable, by anyone, no matter how overpaid or well credentialed. Sooner or later, some gutsy financial gurus will declare the stock market oversold and full of bargains. |
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The Real Scoop on Annuities - Part Two (March, 2008):
Today, it's difficult to distinguish one financial institution from another as they compete for the ever-growing pool of investment dollars. Insurance companies, now publicly owned, have become am integral part of an industry that seems uninterested in protecting anything other than their obscenely paid leaders. |
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The Real Scoop on Annuities - Part One (March, 2008):
Today, it's difficult to distinguish one financial institution from another as they compete for the ever-growing pool of investment dollars. Insurance companies, now publicly owned, have become am integral part of an industry that seems uninterested in protecting anything other than their obscenely paid leaders. |
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Investment Politics: Jobs and The Economy (April, 2008):
Who wants to be a president; the President of the United States? Social Security reform is the winning ticket. Research supports the thesis that Social Security reform would provide all the lubrication necessary to get our economic ball bearings rolling in the right direction. Economies do not grow, or increase employment, when job providers are taxed and regulated unmercifully, throttling their energy, creativity, and profitability. |
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Predicting Stock Market Movements (April, 2008):
The risk of loss cannot be eliminated. A simple change in a security's market value is not a loss of principal just as certainly as a change in the market value of your home is not evidence of termite damage. Markets are complicated; emotions about one's assets are even more so. Wall Street spins reality in whatever manner it can to make most investors unhappy, thus increasing new product sales. |
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Your 401(k) Investments and the IGVSI (May, 2008):
Typically, 401(k) participants buy the higher priced, last-year-best-performing, and hot sector offerings while they sell or avoid the various products they feel have "under performed" the market. Nowhere else in their lives do they adopt such a perverse strategy. And nowhere else in their thinking would they blindly accept the premise that any one number represents what is, or should be, going on in their personal investment portfolios. |
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Compound Stock Earnings Programs - Caveat Investor (May 2008):
The CSE hucksters don't deny that their magic cash flow system is based on selling "covered" call options, but the "come on" includes a laundry list of misinformation, partial truths, and inaccuracies about the stock market and investing. Covered calls have been around forever, but this is the first time I've seen them touted as safe investment vehicles. Options are bets about the future price movement of exchange-traded securities--- it's just that simple. |
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Strategic Investment Mixology - Finding the Holy Grail Cocktail (May 2008):
Investment portfolio mixology doesn't take place in the smiley faced environment that brought us the Cosmo and the Kamikaze, but putting an investment cocktail together without the risk of addictive speculations, or bad after tastes, is a valuable talent worth finding or developing for yourself. |
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Zero Overhead Real Estate Investing – Right Now (June 2008):
Real Estate investing is not nearly as legally complicated, financially burdensome, or time consuming as you might think. You buy these securities for the income, but always recognize that you have the bonus capability of selling your shares when they rise to an acceptable profit level... so when it comes to Real Estate, think: no attorneys, no debt, and no maintenance equal no problem. |
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Volatility Rocks The Investment Markets (June 2008):
Investor perceptions of volatility need to be rearranged. When you allow more than an up-only smiley face into your understanding of the markets, you will be able to position yourself to actually take advantage of the volatility while it is happening. Much of the current skittishness in the financial markets is caused by multiple economic concerns and the incredibly naïve resolution ideas being spouted by the presidential candidates. |
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Guaranteed Social Security Benefits: Make It So - Part 2 (June 2008):
What if, instead of donating 7.6% of your salary (15.3% if you are self employed) to support the war de jour: (a) you could choose to deposit from 3% to 5% of your salary in a guaranteed retirement program maturing anytime after age 60, (b) the lifetime benefit is totally income tax free, and (c) your employer uses his savings to either create jobs, raise non-executive salaries, reduce prices, or increase shareholder dividends. Interested? |
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Guaranteed Social Security Benefits: Make It So - Part 1 (June 2008):
What if, instead of donating 7.6% of your salary (15.3% if you are self employed) to support the war de jour: (a) you could choose to deposit from 3% to 5% of your salary in a guaranteed retirement program maturing anytime after age 60, (b) the lifetime benefit is totally income tax free, and (c) your employer uses his savings to either create jobs, raise non-executive salaries, reduce prices, or increase shareholder dividends. Interested? |
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Quarterly Window Dressing - A Recurrent Wall Street Scam (June 2008):
Why aren't the wizards of Wall Street assuaging our nerves by explaining the cyclical nature of the markets and pointing out that similar crises have always preceded the attainment of new all time highs? Right, because the unhappy investor is Wall Street's best friend. Why can't politicians address economic problems with capitalist-economic solutions? Why isn't the sky always blue? |
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Preventing Investment Mistakes: Ten Risk Minimizers (July 2008):
Losing money on an investment may not be the result of a mistake, and not all mistakes result in monetary losses. Your own misconceptions about how securities react to varying economic, political, and hysterical circumstances are your most vicious enemy. Step away from calendar year, market value thinking. Avoid these ten common errors to improve your performance: |
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The McCain Tax Reform Plan For Long Term Economic Growth? (July 2008):
Investors represent the biggest voting block in the country. We could elect the next president, change the tax code, fix Social Security, and strengthen the economy. If only we weren't the most apathetic group of people on the planet. As Investors, we want less government, lower taxes, and purposeful regulation. We want laws that aid economic freedoms, and lawmakers and judges who facilitate it. |
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The Obama Tax Reform Plan For Long Term Economic Growth? (July 2008):
Investors represent the biggest voting block in the country. We could elect the next president, change the tax code, fix Social Security, and strengthen the economy. If only we weren't the most apathetic group of people on the planet. As Investors, we want less government, lower taxes, and purposeful regulation. We want laws that aid economic freedoms, and lawmakers and judges who facilitate it. |
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Income Investing: Go Ask Alice (August 2008):
Don't let uniformed thinking sabotage your retirement program; don't let the selfish advice of a product sharpshooter send you chasing rabbits when IRE (interest rate expectations) or other temporary market conditions shrink the market value of your income portfolio. Feed your head; feed---your---head. Income pays the bills, and if the income level is both steady and adequate, there is no need to change investments. |
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Why 401(k) Retirement Plans Really Don't Work (August 2008):
Still, the 401(k) plan deserves to be every bit as popular as it has become. It, and the vast array of complicated IRAs, could help save Social Security, improve the economy, and create jobs--- all those good things that neither of the presidential candidates have a chance of achieving. Just two simple strokes of an Oval Office ballpoint get it done: |
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Retirement Income Investment Planning - Step One (September 2008):
Defined Contribution plans are just not retirement plans--- even if your employee benefits department, the media, Wall Street, and Uncle assure you that they are. Most plans are difficult to self-manage with a retirement income objective. Still, these benefit plans are necessary and quite capable of taking you close to where you want to be. |
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Stock Market Meltdown – Watching Rome Burn (September 2008):
Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let's fire the right bunch of "poips" for a change! |
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Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley? (September 2008):
Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let's fire the right bunch of "poips" for a change! |
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Last Bank Standing - The Wall Street Mega-Crash (October 2008):
Today's Congress is ignoring its role as the primary creative force in today's problems. This transfusion is needed because: bad laws have obscured the values on financial institution balance sheets, and have created a clot in the credit arteries that keep the economy alive. |
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Retirement Income Investing and Your Portfolio (October 2008):
Brokerage firm monthly statements are designed to promote either fear or greed, depending on the current market environment. Nowhere on your statement can you find numbers that report your net investment, your total working capital, or your true asset allocation. Current and projected income numbers are given little attention. |
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Investment Grade Value Stocks At Ten Year Lows (October 2008):
A cocktail of credit market laxatives is working its way into a constipated world economy. Relief is on the way. Today's prices may well be looked at as the lowest of the next ten years! Here's a list of things to think about or to do while Investment Grade Value Stock prices are at ten-year lows: |
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The Securities Investors' Bill Of Rights (SIBORAP): Part Four (October 2008):
We the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income... |
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The Securities Investors' Bill Of Rights (SIBORAP): Part Three of Four (October 2008):
We the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income... |
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The Securities Investors' Bill Of Rights (SIBORAP): Part Two of Four (October 2008):
We the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income... |
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Securities Investors' Bill Of Rights (SIBORAP): Part One of Four (October 2008):
We the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income... |
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Wall Street Garage Sale Produces Closed End Fund Bargains (October 2008):
Buffet, Bogle, Gross, Schwab, and Deep Pockets offer sound advice--- don't run and hide, it's time to hit the Wall Street Mall and go shopping! They've seen the indicators; they've been there before. So have many of you. Clearly, it's time for action. |
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Who's Confiscating Your 401(k) And IRA? (November 2008):
Dr. Ghilarducci has presented a socialist solution to a problem that could easily be dealt with using rudimentary controls that would limit the amount of risk allowed inside these tax deferred savings devices. She also ignores the fact that most self-directed money lies in voluntary, privately sponsored, employee benefit programs--- emphasis on voluntary and private. |
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Value Stock Investing - The November Syndrome On Drugs (November 2008):
Always keep in mind that (a) Wall Street has no respect for your intelligence and (b) the media "talking heads" are entertainers, not investors. Institutions must paint a picture of brilliance in their annual glossies. This year, a panic-stricken Main Street is helping them with their annual "sell low" hypocrisy. |
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A Capitalist's Social Security, 401(k), and Retirement Plan Reform Program (November 2008):
A Social Security Retirement Income Annuity, or SSRIA, invested 70% or more in government guaranteed securities, could be phased in quickly as a mandatory replacement for the existing Social Security program. The personally owned SSRIA would also become a voluntary investment option for all self-directed programs and a guaranteed safe savings vehicle for after tax discretionary dollars. |
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Investment Management - Put More Smart Cash In Your Future (December 2008):
It's smart cash because it is created by the operation of the portfolio and ready for reinvestment. If it remains uninvested while new investment opportunities exist, it loses IQ points rapidly. If you've ever turned an unrealized gain into a realized loss, if you've ever sold mutual fund shares to deal with monthly expenses, if you've ever been unable to take advantage of low prices for lack of income, this is an approach you need to consider. |
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A Quick Jolt For the Auto Economy, Plus Ten (December 2008):
Every new American-made car buyer would receive a debit card along with his ownership papers. The card could be used for anything other than the car purchase itself. Card amounts would vary from $6,000 for "smart" cars, through $3,000 for fuel-efficient sub-compacts, $1,000 for other borderline greenies. All debit cards would function as free passes for highway tolls... |
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WCM Investing - The Process (December 2008):
Most people enter the investment process tip first. They hear something, grab an idea from a popular blog, accept a Cramerism or some motley foolishness, and think that they are making investment decisions. Rarely, will the right-now, instant-gratification, Internet-generation speculator think in terms that go beyond tomorrow's breaking news. |
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WCM-Investing Rules Of Engagement-The QDI (December 2008):
Crash! The 2007 thru 2008 financial crisis halved 401(k), IRA, and Mutual Fund values in a matter of months. For many, retirement dates had to be pushed back; for others, new jobs had to be found. The tragic flaw? No income allocation in the investment program. Market value builds egos; income pays the bills. |
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The Investment Gods Are Angry (January 2009):
Today's obsession with short-term blinks of the investment eye is Wall Street's attempt to take the market cycle out of the performance picture. Similarly, total return hocus-pocus places artificial significance on bond market values while it obscures the importance of the income produced. WCM users will have none of it; the investment gods are angry. |
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Crisis Investing - Three-Pronged WCM Strategy (January 2009):
Unfortunately, investors in general are a lot like teenagers. They know everything immediately; expect instant gratification; take unnecessary risks; fall in love too easily; ignore all voices of experience; prefer the easy approach; and feel that the lessons of the past just can't possibly apply to what's going on now. Duh, dude! |
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Jim Dandy To The Rescue - Of The Economy:
Get rid of SFAS (Statement of Financial Accounting Standards) Rule # 157, which works something like this: While my bank owns my mortgage, it's worth full value. As part of a Ginny Mae--- still full value. But once it crosses over into the ether of CDOs and other multi-level Frankensteinesque monstrosities, my paid in advance mortgage becomes indistinguishable. |
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IGVSI Performance Expectations – WCM Portfolios (February 2009):
All investors need to become intimate with both the content of their portfolios and the workings of the various cycles that impact on security market values. They need to expect, even anticipate cyclical changes in the market values of their securities by taking reasonable profits in either classification willingly, gleefully, and without hindsight. |
| 85 |
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Investment Performance Expectations: WCM Fine Tuning (February 2009):
How can I get you to stop fixating on monthly market values and to focus on the purpose of the securities within the portfolio? Most of us are trained to deal with seasons, fashion trends, biological changes, waning sports dynasties, sunspots, etc. Instinctively, we expect, and prepare for change effectively--- but not when it comes to investing, where planning and preparation is only talked about. |
| 86 |
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The President's $10,000,000,000,000 Economic Stimulus Package (February 2009):
Cut the interest rate on all mortgage loans by 50 basis points and extend the payment schedule by three to five years. Convert all variable rate loans to fixed, at prevailing rates, and extend the payment schedule by six to ten years. No fees, points or charges tolerated. |
| 87 |
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Global Investors' Bill Of Rights May Prevent Economic Déjà Vu (February 2009):
The purpose of IBOR is to protect financial markets and to create self-sufficient investors who produce economic growth instead of government deficits. IBOR standards create transparent financial markets, regulate speculation, and protect retirement portfolios. Here's a Summary: |
| 88 |
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Who Created The Financial Crisis And Why (March 2009):
The arrogance of the financial institutions, the mad scientists they employ to manipulate the rules and rule makers, and the Emperor's New Clothes (trust me they're safe) marketing tactics they employ really do need to be regulated--- by the government, sure; by corporate boards of directors, absolutely. In a Working Capital Model world, there would be no financial crisis. |
| 89 |
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The Below The Radar Hedge Fund Crisis (April 2009):
And the real crime is this: investors as naive as the wet-diapered E-Trade spokesbaby can push a button and buy operational hedge funds more bizarre and sophisticated than any ever imagined buy the rich and famous. If an ETF harbors a hedge fund, but doesn't call it a hedge fund, is it really not a hedge fund? |
| 90 |
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Stock Market Corrections Are Beautiful - And Necessary (April 2009):
The reality of corrections is one of the few certainties of the financial markets, a reality that separates the men from the boys, if you will. If you fixate on your portfolio Market Value during a correction, you will just give yourself a headache, or worse. |
| 91 |
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Investment Performance Evaluation Re-Evaluated: Part Two (April 2009):
The Working Capital Model (WCM) looks at investment performance differently, less emotionally, and without a whole lot of concern for short-term market value movements. Market value performance evaluation techniques are only used to analyze peak-to-peak market cycle movements over significant time periods. In the WCM, market value is used as an expectation clarifier and an action indicator for the portfolio manager. |
| 92 |
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Investment Performance Evaluation Re-Evaluated: Part One (April 2009):
The Working Capital Model (WCM) looks at investment performance differently, less emotionally, and without a whole lot of concern for short-term market value movements. Market value performance evaluation techniques are only used to analyze peak-to-peak market cycle movements over significant time periods. In the WCM, market value is used as an expectation clarifier and an action indicator for the portfolio manager. |
| 93 |
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Golf and Investing: Tin Cup Lessons (May 2009):
For an endless variety of reasons "tin cup" amateur investors bring on their own demise by failing to minimize risks using well known basic techniques that are thoroughly documented and supported by sand traps full of statistical evidence. They hit driver with every selection--- it's the only club in their bag. |
| 94 |
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Golf and Investing Lessons: Fundamentals (June 2009):
Favorite foursome conversations provide clues to the particular fundamental that just failed you, as your duck-hooked tee shot comes to rest at the base of the dead pine tree, and possibly, just beyond the white stake. "Have you weakened your grip?" comments Larry. "Nah, he was lined up that way; went right where he aimed it," Curley offers. |
| 95 |
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Golf and Investing: Working The Ball (June 2009):
The Working Capital Model is a boring, conservative methodology for lowering the slope rating of the most diabolical wealth accumulation courses. Market hazards are avoided with reasonable expectations, and retirement approach shots that grow the annual income chip by chip, throughout the wealth accumulation period. |
| 96 |
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May The Investment Force Be With You (June 2009):
The Dark Side of investing beckons like a Siren's song, luring the majority of professional advisors away from the safety and simplicity of The QDI. Institutional propaganda, projections, predictions, and hype have the same affect on unsuspecting boatloads of speculators who most often become shipwrecked on the derivative rocks. |
| 97 |
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How's Your Investment Portfolio Doing? --- Seven Long-Term Indicators (July 2009):
Before Wall Street conned investors into thinking of calendar quarters as "short-term" and single years as "long-term", market cycles were used to test investment strategies. Performance analysis was a test of management style and overall methodology, not a calendar year horse race with one of the popular averages. Bor-ing, yes--- but meaningful. |
| 98 |
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Investment Scam Alert 2009: Spread the Word (August 2009):
An envelope arrived yesterday from a worried investor (not a client of mine) in Appleton, Wisconsin. He had been contacted with an "investment partner" opportunity touting a "guaranteed investment program" that would absolutely "double and triple his money every sixty days" with no worries, work, or risk involved. |
| 99 |
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Health Care Reform or Welfare Program--- Who Pays the Bill? (August 2009):
If President Obama owned the New World Order Health Insurance Company, he would not be willing to insure an applicant with brain cancer nor would he be willing to pay an unlimited lifetime benefit to all insureds--- not without a premium that reflects the risks to his personal bank account. |
| 100 |
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Golf and Investing: Optimism, Focus, and Education (August 2009):
Golfers will spend thousands on instruction, gadgets, machines, clinics, magazines, lessons, drivers, and putters. Investors love the gimmicks, shortcuts, and expert recommendations, but they seem allergic to anything really educational. They must see it as a sign of weakness.
Golfers should be better investors. Investors need to introduce themselves to some basic education. |
| 101 |
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Investment Performance Expectations and Broker Account Statements (September 2009):
Whether you go the discount route through Schwab, Ameritrade, Fidelity, etc., or enjoy a higher level of service through an independent like LMK Wealth Management, you should never be surprised by the market values reflected on your monthly account statement. |
| 102 |
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How To Create More Jobs, America (September 2009):
Today, employers are reluctant to create jobs because the mandated non-productive "overhead" associated with each worker adds significantly to the cost of running the business--- worker's compensation, unemployment insurance, OSHA compliance, liability insurance, social security contributions, minimum wage/union pay scales, etc. |
| 103 |
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How To Stimulate Consumer Spending And The Economy (September 2009):
The single, easiest, fastest, biggest, consumer-spending instant winner bonanza is not even a twinkle in an old politician's eye--- and there are far too few new politicians. Replace the Social Security Retirement Program with a plain vanilla pension plan, pre-funded by smaller, mandated employee contributions. |
| 104 |
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How To Create A Fairer Tax Environment (October 2009):
There are 44,000 pages in the Internal Revenue Code (IRC) alone, 5.5 million words, incomprehensible at best. Obviously, there is a lot more to be said about each of the ideas that follow. Here are the top survey ideas; the first two were discussed in previous results articles as consumer spending enhancers and job creators, respectively. |
| 105 |
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Investment Retrospective – A Preemptive Portfolio Protection Strategy (October 2009):
The WCM was nearly ten years old when the robust 1987 rally became the dreaded "Black Monday", (computer loop?) correction on October 19th. Sudden and sharp, that 50% or so correction proved the applicability of a methodology that had fared well in earlier minor downturns. |
| 106 |
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This Stock Market Correction Is Dead (September 2009):
Actually, hindsight and the Investment Grade Value Stock Index (IGVSI) Bargain Level Monitor tell us that it died early in March 2009. More realistically, however, corrections don't really die quite so abruptly. They are supplanted by rallies--- and vice versa. |
| 107 |
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When All Stocks Are Value Stocks - Think QDI:
Value stocks are those that tend to trade at lower prices relative to their fundamental characteristics than their more speculative cousins, the growth stocks; they have higher than usual dividend yields and lower P/E and P/B ratios. |
| 108 |
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The Real Scoop on Annuities - Part One:
Insurance companies have always been big time financial institutions, and they could probably have claimed possession of the largest and safest investment portfolios on the planet. At one time, their role vis-à-vis Wall Street was clearly that of a giant customer for the securities the investment banks brought to market and which the securities firms distributed. |
| 109 |
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The Real Scoop on Annuities - Part Two:
Unfortunately, the stock market never has been able to generate guaranteed levels of income, and sometimes fails to move higher just because we think it should. Serious problems occur when mutual funds are packaged with annuity contracts and the critical differences between them are either overlooked or undisclosed, perhaps innocently, perhaps not. |
| 110 |
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Your 401(k) Investments and the IGVSI:
Smack, right up alongside the head. Your 401(k) investment program deteriorated rapidly as the stock market and the economy weakened. Who would have thought that there was so much risk of loss in those mutual funds, and ETFs? Fortunately, the pain is most often temporary, but the timing of the recovery could alter some participant retirement schedules and benefits--- not to mention the hefty confiscation level retirees can count on from Uncle Sam. |
| 111 |
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Strategic Investment Mixology - Finding the Holy Grail Cocktail:
Antoine Tedesco, in his "The History of Cocktails" article, lists three things that mixologists consider important to remember and to understand when making a cocktail: 1) the base spirit, which gives the drink its main flavor; 2) the mixer or modifier, which blends well with the main spirit without overpowering it; 3) the flavoring, which brings it all together. |
| 112 |
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Stock and Bond Trading as a Conservative Investment Strategy:
It's likely that either curiosity or skepticism led you to this article, and I would agree that, for most individual investors, trading is approached in a totally speculative manner. |
| 113 |
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Real Estate Investing: No Lawyers, No Debt, No Plungers:
Without having mega millions to work with, or a line of credit that goes around the block, you can have positions in various forms of Real Estate (Commercial, Industrial, Residential) at the same time, and focus either on Growth Opportunities, Income Production, or a combination of the two. |
| 114 |
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Predicting Stock Market Movements:
Wall Street institutions already spend billions predicting future price movements of the stock market, individual issues & indices, commodities, and hemlines. Really? Is that right also? Economists have been analyzing and charting world economies for decades, showing clearly the repetitive cyclical changes and their upward bias. |
| 115 |
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Managing the Income Portfolio - Part 1:
The reason people assume the risks of investing in the first place is the prospect of achieving a higher rate of return than is attainable in a risk free environment…i.e., an FDIC insured bank account. Risk comes in various forms, but the average investor’s primary concerns are “credit” and “market” risk… particularly when it comes to investing for income. |
| 116 |
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Managing the Income Portfolio - Part 2:
Take a reasonable profit (using 10% as a target) as frequently as possible. With a 40% Income Allocation, 40% of profits and dividends would be allocated to Income Securities. |
| 117 |
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Investment Performance Analysis Using the Working Capital Asset Allocation Model - Part 1:
It matters not what lines, numbers, indices, or gurus you worship, you just can't know where the stock market is going or when it will change direction. Too much investor time and analytical effort is wasted trying to predict course corrections… even more is squandered comparing portfolio Market Values with a handful of unrelated indices and averages. |
| 118 |
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Income Investing: Selecting the Right Stuff - Part 2:
The larger the portfolio, the more likely it is that you will be able to buy round lots of a diversified group of bonds, preferred stocks, etc. But regardless of size, individual securities of all kinds have liquidity problems, higher risk levels than are necessary, and lower yields spaced out over inconvenient time periods. |
| 119 |
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Income Investing: Selecting the Right Stuff - Part 1:
When is 3 percent better than 6 percent? Yeah, we all know the answer, but only until the prices of the securities we already own begin to fall. Then, logic and mathematical acumen disappear and we become susceptible to all kinds of special cures for the periodic onset of higher interest rates. We’ll be told to sit in cash until rates stop rising, or to sell the securities we own now, before they lose even more of their precious Market Value. |
