Photo credit: frankieleon Well, they did it. Brits have voted to leave the European Union. Now what? I wrote last month that Brexit could take a wrecking ball to your portfolio. And judging by the carnage in the markets last night and this morning, that wasn’t an understatement. The pound sterling was down as much as...Read More
Well, they did it. British voters decided to “declare their independence” from the European Union. But before we start talking in grand terms about self determination, there are some points to keep in mind. This is not Britain’s “July 4, 1776 moment.” This was a non-binding referendum that will require multiple years of negotiations between The...Read More
I don’t see much in the way of inflation coming down the pipeline. In fact, I see the same deflationary forces that are plaguing Japan and Europe to continue nipping at our heels for the next several years. But… let’s say I’m wrong. Let’s say something comes out of left field that ignites inflation. What then?...Read More
Most financial advisors and money managers are terrified of robo advisors. And frankly, if your job description consists of selling expensive mutual funds for a commission, you should be worried. Your business model has been slowly dying for decades, and low-cost robos are the final nail in the coffin. Technology and competitive capitalism are doing to...Read More
Photo credit clement127 You have to hand it to internet trolls. While their negativity can sometimes be a little abrasive, at least they… they… well, actually, I think of a single positive thing to say about them. They don’t add anything constructive to a conservation, nor do they create anything of their own. They just seem...Read More
