When holding their stock picks for the year, banks were only 43% accurate with their predictions. That’s right! Flipping a coin would have been potentially more effective than buying bank stock picks, which ended up down -4.79% on the year. The S&P 500 finished down only -0.69%. Simply just making any interest in a savings account would have been more effective as well. [This article ranks] the banks, from best to worst, based on accuracy of their calls and also based on the performance of their recommendations.
Read More »Attn. Trump Economic Transition Team! Here’s 9 Necessary – But Distasteful – Proposals to Correct U.S. Economic Problems (+2K Views)
This article presents 9 proposals that I think might actually solve the deficit and debt problems of the U.S., jumpstart its economy, pay for healthcare and other costs, and do so with the least damage to the body politic and economy. I offer these proposals, though, knowing that there will probably not be one person who doesn’t find some of them extremely distasteful - and that includes me. The simple reality, however, is that this is where we find ourselves today: we are left with distasteful choices.
Read More »We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash
The waning days of the Obama administration have set us up perfectly for higher interest rates, a major recession and a giant stock market crash. It is time to batten down the hatches and to prepare for very rough seas ahead.
Read More »Look To TIPS As A Fixed Income Alternative To Bonds – Here’s Why
We see attractiveness in using TIPS as an alternative for core Treasury allocations in fixed income portfolios. Here's why.
Read More »Being A Millionaire Is Overrated! Why? Because It Ain’t What It Used To Be
Being a millionaire is overrated. Becoming a “millionaire” once meant being set for life and destined for early retirement - but that was then, and this is now. Today's infographic shows how things have changed over time, and that a million dollars of wealth ain’t what it used to be.
Read More »An Analysis Of Global Risks From An Investing Perspective
Today we analyze the global risks from an investing perspective and arrive at some interesting conclusions.
Read More »Retired? Financially Stressed? Here Are Some Ways Out
My parents are more stressed now than ever before as a result of the combination of healthcare costs and income squeezes. The threat of bankruptcy for them is a big one, as is foreclosure on their family home. This has inspired me to write this article (guide) for seniors on how to deal with the financial stress in their lives. I hope you find useful.
Read More »If Trump Truly Wants To Fix the Economy He Should Shut Down the Federal Reserve – Here’s Why
An unelected, unaccountable group of central bankers has far more power over our economy than anyone else does but, with the election of Donald Trump as President, we now have an opportunity to get free from this insidious system because, if he truly wants to fix the economy then shutting down the Federal Reserve would be the thing to do. It would take someone very bold to make such a move so it begs the question, "Is he up to the task?"
Read More »Canadian & American Banks Could Benefit Big Time Under A Trump Presidency
U.S. bank stocks have seen their share values rise since the November 8th election which could also impact the stock price performances of financial institutions north of the border, such as Royal Bank of Canada. Here’s why the banking sector could benefit big time under a Donald Trump Presidency.
Read More »Why Has Gold Dropped? What Does the Future Hold? (+2K Views)
Many people assumed that with Donald Trump winning the election that gold would rocket beyond $1400 yet gold has actually DROPPED since the election. With gold experts and analysts scratching their heads, we offer our opinion on what is going on with gold and how gold investors should position themselves moving forward.
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