“Moe” Mnuchin and “Curly” Cohn go to Washington and spend 9 months coming up with a tax plan on the back of a napkin. And if it doesn’t pass, “the stock market is going to crash.”
The Smart Bird
The Early Bird for Investors — Provides a summary of the best commentary and pertinent news
The Lifecycle funds of TSP and Vanguard provide a good baseline for investors on how to allocate their accounts based on their age or years to retirement. We just finished updating our look at the current allocations of TSP and Vanguard Lifecycle funds.
Dollar Cost Averaging is not investment strategy but it could still be useful to re-enter the market after a bear market if your investment strategy moved you to the sidelines in time.
The Bet In 2008, Warren Buffett issued a challenge to the hedge fund industry, which in his view charged exorbitant fees that the funds’ performances couldn’t justify. Mr. Buffett contended that, including expenses, a passive strategy invested the low-fee Vanguard S&P… Read More ›
Real profits are down 2.7% from last quarter. A tad bit lower than the 15% growth reported in the media. But don’t worry, the media will maintain the positive narrative since they only care about non-GAAP profits spoon fed to them by the price-seeking corporations themselves and wall street analyst who make up “future” earnings ratios and happy narratives.