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@theMarket: Summertime, But Nothing Seems Easy
By Bill Schmick,
07:05AM / Saturday, May 28, 2016

After a couple of days of hand wringing, traders are now going with the notion that if the Fed raises rates in June or July, it may actually be good for the economy. Don't put too much stock in that, however, because herd sentiment can turn quickly with one simple statement from the Fed.

You have to be impressed with the market's performance. In the face of a potential interest rate hike in less than three weeks and a June decision on whether Great Britain will exit the Eurozone, the market continues to grind higher.

As we enter this three-day weekend, (three for us, but most of the Street stretches it to four), don't expect this Friday to be a "tell" on

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The Independent Investor: How to Avoid the Pitfalls of Multi-Level Marketing
By Bill Schmick,
03:41PM / Thursday, May 26, 2016

So you want to be your own boss, make lots of money and do it all from the comfort of your home? It is the siren song of direct sales that has recruited legions of Americans through the years. Some make it, most do not. Here are some tips to help you in your new adventure.

Whether you want to sell jewelry, vitamins, candles, cosmetics or home products, a healthy dose of skepticism should be applied to the promises these companies make on their websites. Many reports, including those filed with the Federal Trade Commission, warn that almost 99 percent of multilevel marketing (MLM) distributors lose money. In addition, the dropout rate is upwards of 60-70 percent per year. Those are

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The Independent Investor: Let's Have a Jewelry Party
By Bill Schmick,
12:43PM / Wednesday, May 25, 2016

Contrary to all the present and future trends in retailing, multilevel marketing (MLM) is still alive and well in this country. Exactly what is MLM and why are so many Americans enamored with hitting up their friends and relatives in an effort to succeed at personal retailing?

MLM is a marketing strategy in which the sales force is compensated not only for what they sell but for the sales of other people they recruit. These new recruits in the chain are referred to as the participant's "downline" and, if done right, can provide multiple streams of compensation.

Most readers are familiar with these companies. Amway, Avon and Mary Kay come to mind, as does

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@theMarket: Traders Build a Wall of Worry
By Bill Schmick,
05:33PM / Friday, May 13, 2016

The markets are marking time. Earnings season is just about over. The lofty levels of the stock market survived those results largely because they were not quite as bad as expected. Now it is on to the next worry.

Pick your poison — uncertainty over this summer's political conventions, can oil prices sustain these price levels or how about the possibility of a Fed rate hike in June? No question, there is a wall of worry out there, but so far the markets have weathered everything the bears have thrown at them. That is quite impressive given that we have had a 13 percent gain from the lows and hovering just a percent or so below all-time highs.

We have been trading in a

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The Independent Investor: Estate Planning The Final Chapter
By Bill Schmick,
12:49AM / Friday, May 13, 2016

The weekend is over. During the last two days your family came together and had that "talk," but before everyone goes their separate ways; some followup is required. Here are some of the things you should make sure are accomplished.

As readers may recall, in this series we have covered a wide variety of subjects from leaving your legacy to collecting and reviewing all of your assets. Trusts, insurance policies, tax deferred savings plans, wills, living wills and durable powers of attorney are just some of the items we have discussed.

We have talked about the family meeting and who should attend. Be sure that someone is responsible for taking notes during this event

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