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

Bob's Blog on Retirement & Beyond

Inside The High-End Art World

October 25, 2018

Collecting art always has been a treacherous activity. You need to know a lot about art and the people who work in the art world to avoid being taken advantage of. This article is a review of a film that reveals some of the dangers of collecting art or trying to invest in it. Cut […]

How Kentucky’s Pension Fund Went South

October 25, 2018

Kentucky’s public pension system is considered to be the worst-funded of all the states. This article presents evidence that a good portion of the system’s problems are the result of putting money into poor-performing hedge funds that were selected at the urging of a “placement agent.” This was an individual who persuaded the staff to […]

Film Died But Kodak Didn’t Have To

October 25, 2018

This article is long, but it tells an interesting story. It describes in detail how Kodak and Fujifilm once dominated the global market for processing color photographic film. But digital technology caused that market to shrink dramatically. The companies had to respond to change. The article explains the surprising ways Fujifilm was able to adapt […]

Verizon’s Stock Jumps

October 24, 2018

While most of the rest of the stock market steadily declined, Verizon’s stock price increased. Here’s an explanation. Perhaps more significant for investors, Verizon said its wireless unit’s revenue jumped 7%, including a 1% gain in service revenue, and the company added 295,000 net new phone customers. Wall Street may also have been pleased that […]

The George Constanza Portfolio

October 24, 2018

Investment managers do interesting things when the markets aren’t being kind to their strategies, which happens periodically to even the most successful investors. In this essay, Cliff Asness of AQR takes a look at what would have happened to a portfolio composed of the opposite of Asness’s portfolio. It’s interesting and entertaining. Asness is a […]

Interest Rates Start To Bite Auto Sales

October 24, 2018

It took a while for the Fed’s interest rate increase to start to effect the economy. But in recent months we’ve seen interest-rate sensitive sectors of the economy show some pain. Most recently, auto dealers are reporting slower sales. The dealers blame mostly higher interest rates, since most people buy vehicles with loans or leases, […]

Foreigners Buying Less U.S. Treasury Debt

October 23, 2018

The U.S. has financed its deficits for many years by selling a lot of bonds to foreign buyers, especially foreign central banks. The Wall Street Journal reports that throughout 2018 the percentage of new debt purchased by foreigners has decreased. That’s likely a reason interest rates have increased significantly since late 2017. The concern, of […]

Robert Shiller vs. Jeremy Siegal

October 23, 2018

The two academic economists had a joint appearance at a recent conference in which they gave their differing outlooks for stocks. They’ve contrasted sharply in recent years, but they near-term views are closer now as Siegal has become more cautious about stock prospects in the next year or two. Shiller pointed out that despite how […]

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