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

Bob's Blog on Retirement & Beyond

Report From Camp Kotok

August 31, 2018

Dave Kotok is an investment manager who annually invites some economists and other investment managers to a week at a fishing camp in August. In this report, John Mauldin reports what he learned from the 2018 Camp Kotok. At Camp Kotok, I and my associate Patrick Watson had quickly and independently reached the same impression. […]

The Dangers Of Headline Investing

August 31, 2018

I’ve always urged investors not to invest based on the latest headlines or on ideas of the likely implications of those headlines. Those aren’t the things that matter to the markets. To the extent they are, they already are factored into market prices. This article makes the same points. Despite the strong historical evidence that […]

Mid-Term Elections Will Boost Stocks

August 31, 2018

For some reason, mid-term elections in the U.S. usually are good for stocks. As this article explains, stocks usually climb during the year leading up to the mid-terms and then continue their growth after the election. So far, that scenario has played out in 2018. Beyond economic fundamentals, part of the run-up stems from the […]

Argentina Is In Trouble

August 30, 2018

Most recent headlines about countries in crisis focused on Turkey, Italy and, to a lesser extent, on Brazil. Argentina was thought to be less of a problem because it was talking of making a deal with the IMF. But things exploded in Argentina recently, as this article describes. The peso is down more than 45 […]

Another Prediction Gone Wrong

August 30, 2018

Predictions are dangerous. They’re dangerous because people often take actions, especially financial actions, based on predictions. This article discusses a recently widely-held prediction gone wrong. The Tax Cuts and Jobs Act was supposed to damage the housing market, because is reduced the tax incentives of home ownership. So far, the housing market’s remained strong. Nearly […]

The Financial Stress Of New Yorkers

August 29, 2018

People in different parts of the country have different causes of financial stress, as this article discusses. In New York City, the major cause of stress is the overall cost of living. Everything there seems to cost more, according to survey respondents. And New Yorkers aren’t alone. Many people around the country count the overall […]

Annuities Safer Than Many Think

August 29, 2018

When I mention annuities to people, one of the first questions they ask is about safety. They want to know how likely it is that insurers will fulfill the promises to pay lifetime income. This article points out that annuities are safer than other financial instruments and are a good way to reduce risk in […]

Improving Self-Control

August 29, 2018

As this post makes clear, lack of self-control can cause financial problems. Some people don’t save enough, while others trade their investments too much. There are many other problems caused by a lack of self-control. The article discusses past research and reveals new research for improving self-control. New research my colleagues and I conducted point […]

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