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The Independent Investor: Long-Term Care Insurance Should Be on Your Agenda
By Bill Schmick,
04:01PM / Thursday, March 31, 2016

As Baby Boomers grow into their 60s, the possibility that at some point soon you may need long-term care becomes a real possibility. Since that kind of care can cost $250 a day or more, depending on where you live, it makes sense to at least consider buying insurance.

For those of us who are 65 or older, the odds are that at least 70 percent of us are going to need some kind of long-term care. We would all like to hope that we will be one of those lucky 30 percent who don't end up in a nursing-home; assisted-living center or needing home care but hope isn't much of a strategy.

If you crunch the numbers, most of us will realize that it won't take long to completely

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The Independent Investor: Are Negative Interest Rates the Answer?
By Bill Schmick,
05:47PM / Friday, March 25, 2016

You may have heard of the newest wrinkle among central bankers. It's called "NIRP," which stands for negative interest rate policy. Several countries have already implemented this policy and are hoping their actions will stem the tide of deflation and low economic growth.

Although NIRP by its nature seems complicated, it really isn't. All you need know is that just about every bank in the world is required to keep a percentage of its customer's bank deposits in reserve in case their depositors want their money bank.  In our country, banks are required to keep 10 percent of those funds "in reserve" at the 12 Federal Reserve banks around the

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@theMarket: Fed-Driven Rally Grinds Higher
By Bill Schmick,
09:51AM / Saturday, March 19, 2016

Just when you thought it couldn't get any better, the Federal Reserve Bank gave investors everything they wanted this week. As a result, the indexes racked up their fifth week of gains in a row. Could there be six?

A combination of events has unfolded over the last few weeks that have driven the markets higher. A potential bottom in oil and its subsequent rise to over $40 a barrel has provided support as well as fuel for stock gains. Given my belief that "where oil goes, so goes the market," it should be no surprise that the stock markets have now regained all the losses suffered in 2016. Oil, by the way, is also at around the same price it was at the beginning of the

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The Independent Investor: Why Free Trade Has a Bad Rep
By Bill Schmick,
03:40PM / Friday, March 18, 2016

The Establishment — Economists, politicians of both parties, Wall Street and Corporate America — are horrified. One of the linchpins of capitalism has suddenly come under attack. The growing anger over free trade is threatening more than 30 years of trade deals with the rest of the world. It was a disaster waiting to happen and we have only ourselves to blame.

Theoretically, free trade benefits everyone. These benefits include comparative advantage, which allows companies that can produce certain goods and services cheaply and efficiently. This will provide consumers with lower priced goods, increase exports globally, allow economies of scale among industries and nations

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@theMarket: Markets Are at an Important Level
By Bill Schmick,
04:24PM / Friday, March 11, 2016

Stocks spent the last week consolidating. It was a necessary exercise, since stocks were overbought. Now that condition is behind us, and markets climbed higher by the end of this week. We are now at an important level. Call it a moment of truth that will indicate to investors whether the correction is over.

Up until now, the majority of traders have considered the 11 percent rally we have enjoyed in the S&P 500 Index since February nothing more than a bear market rally. But breaking above the 200 Day Moving Average (200 DMA) would make this an entirely new ballgame.

As I have written in the past, the 200 DMA is a technical level. It is simply a security's average

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