Investing in the Age of the Frugal American

The February 13 issue of Barron’s made a statement that caught my eye:  Americans are paying down their mortgages.  (See “Paying Down the Mortgage.”)

50% of all refinancings now result in smaller loans that the previous mortgage.  Rather than using […] Continue Reading…

Risk Aversion Ad Absurdum

Barron’s ran a featured story by Kopin Tam in last weekend’s edition titled “Just Don’t Lose It” that was telling.  Tam pointed out that, even after the best January in well over a decade, investors weren’t embracing equities, and […] Continue Reading…

Jackass Investing: Don’t Do It. Profit From It

“This book should not be controversial, but it will be,” writes Michael Dever in the introduction to Jackass Investing. “That is because investing, which should be a rational pursuit, is not… [M]ost people’s investment decisions are not based on […] Continue Reading…

Book Review: The Big Retirement Risk

The financial planning industry has no shortage of voices offering advice.  Unfortunately, they all tend to say the same thing, and it’s not what most investors need or want.  In fact, it’s often the exact opposite.

Above all, most investors […] Continue Reading…

Japan’s Endgame Nears

I read a fact this week that I never expected to read in my lifetime: “The Japanese government is expected to announce Wednesday that the country recorded its first annual trade deficit since 1980″ (see ” End of […] Continue Reading…