Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Bob's Blog on Retirement & Beyond

ETFs And Rising Interest Rates

October 9, 2018

CNBC analyzed the performance of ETFs during the recent rising in interest rates. It wanted to discover which funds had the highest returns when rates were rising. The results don’t seem to have much to do with interest rates. But not all ETFs see the same historical success in a rising interest rate environment. The […]

Inside Las Vegas

October 9, 2018

Here’s an interesting insiders’ look at what the highest of high-rollers do in Las Vegas. It’s interesting throughout, but this passage makes clear that most heavy gamblers don’t keep their money for long. Hosts are like banker-bestie hybrids who liaise between high-rollers and casino: they extend interest-free, seven-figure lines of credit and learn how much […]

More Bad News For Housing

October 9, 2018

Treasury yields soared in the last couple of weeks and are substantially higher than they were at the end of 2017. That’s likely to pass through to higher mortgage rates and hurt the housing market. Here are details. Adjustable-rate mortgages, unlike fixed-rate ones, follow the path of short-term interest rates, which are currently being nudged […]

The Difficulty Of Art Investing

October 8, 2018

I’ve often said that art and other collectibles aren’t investments. You shouldn’t buy them with the main goal of making a profit. Here’s a good example. A painting by the artist Banksy was auctioned, and then the painting automatically shredded itself within seconds after the auction concluded. Is it worthless now, or worth more? The […]

Increasing Conflict With China

October 8, 2018

Many news reports have missed the extent to which the conflict between the U.S. and China increased over the last week, and the conflict involves more than trade. This article reviews some of the key developments. These conflicts are likely to continue, as the goals of the U.S. and China leaders are incompatible and neither […]

Death By Amazon

October 8, 2018

There are more factors than the growth of online retailing troubling traditional retailers. That’s why many have been in financial trouble. Here’s an article describing the retailers who have entered bankruptcy in 2018, with the latest being The Mattress Firm. The pace is slower than last year, when more than 20 retailers including Toys R […]

Treasury Bonds Yields Rising

October 5, 2018

Regardless of what the Fed does, markets are pushing interest rates higher on key treasury bonds. This report explains that yields on 10-year and 30-year bonds are at the highest levels in years. That provides more reasonable income than investors have received for years, but it also is inflicting losses on some income investors, especially […]

IRS Says Business Meals Are Deductible

October 5, 2018

Deductions for any activity considered entertainment, amusement or recreation were disallowed by the Tax Cuts and Jobs Act. There’s been a great deal of uncertainty about the status of business meals and beverages. In previous IRS rulings and regs, meals generally were discussed interchangeably with entertainment, so it appeared that business meal deductions might have […]

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