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@theMarket: Who Is Next?
By Bill Schmick,
07:59PM / Friday, June 24, 2016

 

The vote is in and all you have to do is look at world markets to discover the verdict. The citizens of the United Kingdom voted to exit the European Union. Chaos reigned for today but tomorrow may be a different story, at least for U.S. investors.

Do not panic. Most of my readers are heavily invested in the U.S. equity and bond markets. As such, the fallout from Brexit will be short-lived here at home as investors come to the realization that, for now, the United States is the only game in town. As I look at Friday morning's damage to our markets, I am impressed at how well we are doing compared to Europe. Essentially, all we have done is give back a

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The Independent Investor: Pet Insurance & Why You Should Have It
By Bill Schmick,
05:44PM / Thursday, June 23, 2016

Whether you are adopting a pet or buying that pure blood breed, the first thing you should consider is pet insurance. Skipping this step could cost you several times the purchase price of your new pet each year. Better be safe than sorry.

Pet insurance is like any other insurance, human or otherwise. The cost of coverage is based on your pet's age, health profile, breed and however much insurance you want to purchase.

You will pay a yearly premium, have a deductible, co-pays and a maximum cap on how much your insurance covers per year.

The best time to take out insurance is before your pet develops health problems. Learn from my mistakes. In my case, Titus our

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@theMarket: It's Still a Coin Toss
By Bill Schmick,
06:11PM / Saturday, June 18, 2016

Despite all the algorithmic programs, high-powered computers, enormous capital and worldwide connections, what happens in the investment world sometimes comes down to a coin toss. The British vote next Thursday to stay or exit the European Community is shaping up to be one of those binary events.

Have you noticed that there are more and more of these kinds of events in the world?

Remember the U.S. government shutdown, the Greek Referendum, the TARP vote, the German bailout votes for Greece, the vote on Spanish austerity? These are just some of the either/or occasions that sent global markets up or down in double-digit moves.

If you listen to some of the big brokers, they

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The Independent Investor: The Brexit Primer
By Bill Schmick,
10:19AM / Friday, June 17, 2016

At this time next week the results of a United Kingdom referendum on whether or not to leave the European Union will be announced to the world.

The polls are too close to call and the odds are changing every day. For the past several days equity markets worldwide have been selling off in fear that the Brits will vote yes to a Brexit. Why so much angst over one country leaving the EU?

The obvious concern is that if one nation decides to leave, how many other nations will follow suit? And if they do, the chances that Europe's currency, the Euro, survives would be dicey at best. That's a big deal since it is the second-largest trading currency in the world after the U.S.

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@theMarket: The Only Game in Town
By Bill Schmick,
05:31PM / Friday, June 10, 2016

Investors are scratching their heads in confusion. How can U.S. stocks, bonds, commodities and the dollar all go up at the same time? It flies in the face of historical relationships that have been around for years. Thank the central banks of the world for the present situation.

It all comes down to negative interest rates. This year, both European and Japanese central banks have instituted this tactic in an effort to jump-start their economies, weaken their currencies, and offer lending institutions a disincentive to hoarding cash, rather than lend it out.

So far, this strategy has had dismal results.

Foreign institutions have flocked to the American financial markets

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