Larry Kudlow, President Trump’s top economic advisor, announced that “the deficit… is coming down, and it’s coming down rapidly” in an interview on the Fox Business Network two weeks ago. He was on the show to promote the positive effects of the tax reduction law that was signed late last year. Unfortunately, his statement was…
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“Are stocks overvalued right now?” is probably the second most common question I am asked these days. In the last year and a half the Dow reached a new high over 90 times. It’s understandable that investors are looking for some indicator to tell them in advance whether or not stocks are too expensive to…
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I think it’s fair to say that we may be approaching another debt crisis in the U.S. According to the New York Federal Reserve, as of Q1 2018 credit card debt stood at $792 billion, auto loan debt at $1,188 billion, student loan debt at $1,453 billion, and mortgage debt at a whopping $8,982 billion…
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Have you ever wondered why retirement in the U.S. is considered to start at age 65? After all, there’s nothing sacrosanct about that particular age. Most people are capable of working well beyond 65, while many of those fortunate enough to have amassed sufficient wealth prior to reaching that milestone are happy to retire earlier…
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There seems to be no end to the creativity displayed by fraudsters attempting to fleece unsuspecting investors out of their savings. I find it especially egregious when it’s targeted towards seniors and those who have a limited ability to recover. Human nature can make it difficult for us to resist the apparent opportunity to reap…
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We’ve all heard the stories about the Silicon Valley barber who became a millionaire by listening to and investing in the companies of the executives whose hair he cut. Or about the thousands of employees during the early days at Microsoft who became millionaires simply by accumulating their stock options as the company’s stock price…
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