The Independent Investor: A Tale of Two CharitiesBy Bill Schmick,
05:47PM / Thursday, June 22, 2017 | |
As Senate Republicans unveil their version of a new health care law replacing the Affordable Care Act on Thursday, Democrats are already crying foul. But while politicians are busy back-stabbing each other, there are real people out there who are sick and getting sicker.
These are Americans who can't afford, or can no longer find, insurance. Their stories are evidently not "newsworthy." Instead, the media prefers to accentuate the divisions among our lawmakers, while President Trump describes the House "Choice Act" as "mean." In the meantime, who is taking care of all those sick and elderly victims in this supposedly divisive 0 Comments
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@theMarket: Markets in Pullback ModeBy Bill Schmick,
05:31PM / Friday, June 16, 2017 | |
Technology stocks continued to consolidate while the Dow made new highs and the S&P 500 Index hovered just below historical highs. Throw in the fact that the markets are notoriously slow and biased to the downside during the summer months, and you have a recipe for further consolidation.
That does not necessarily mean that we will see some sharp and painful correction in stocks. My regular readers understand that the averages could simply move sideways for a month or two before resuming their upward climb. However, within those averages, individual stocks and sectors could experience much deeper declines.
Take the present decline in the technology-laden 0 Comments
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The Independent Investor: A Tale of Two CharitiesBy Bill Schmick,
07:56PM / Thursday, June 15, 2017 | |
We are a country divided. Washington is paralyzed. Half the country considers our president a joke and any and all legislation is dead on arrival, according to the TV talking heads. Social media is filled with outrage and despair. As a result, Americans are supposedly wringing their hands, or worse, hiding under the covers. Don't you believe it!
To hear the media tell it, on one side of this nation are the ultra-left, tree-hugging liberals, who want government to do everything by taking from the rich and giving to the poor. On the other side, are the red-necked conservatives, who despise government and its welfare programs. They want to whack the Muslims, build 0 Comments
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@theMarket: FOMO Fuels the MarketsBy Bill Schmick,
05:43PM / Friday, June 09, 2017 | |
The fear of missing out (or FOMO) has supported the stock market averages this week. Although it appeared that the indexes simply marked time, appearances can be deceiving.
We made new record highs again this week as investors piled into stocks on any sign of weakness. The fear that stocks will go ever higher fueled those who are underweighted in equities to buy, buy buy. The S&P 500 Index has reached the lower end of my target (2,443) but could easily spike to 2,475, which is at the top of my range.
In bull markets, and this one certainly qualifies, I often observe traders attention move from concentrating on one set of sectors to focusing on 0 Comments
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The Independent Investor: The Client Comes FirstBy Bill Schmick,
05:19PM / Thursday, June 08, 2017 | |
As of Friday, putting a client's needs first becomes law.
Despite a bitterly contested battle by brokers, banks and insurance companies to kill it, the on-again, off-again Department of Labor fiduciary rule becomes effective June 9, 2017. Investors should cheer the news.
That's right — it is no longer just a slogan that slick marketers use to woo unsuspecting retail investors into their fee-based, commission-based, fee-sharing web of duplicity and immoral behavior. Since I am already a fiduciary, I tried over the years to advise readers on what is in their best interests since their advisers certainly were not. The new law changes all that.
If your adviser,
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| Bill Schmick is registered as an investment advisor representative and portfolio manager with Berkshire Money Management (BMM), managing over $200 million for investors in the Berkshires. Bill’s forecasts and opinions are purely his own and do not necessarily represent the views of BMM. None of his commentary is or should be considered investment advice. Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be and should not be construed as an endorsement of BMM or a solicitation to become a client of BMM. The reader should not assume that any strategies, or specific investments discussed are employed, bought, sold or held by BMM. Direct your inquiries to Bill at 1-888-232-6072 (toll free) or email him at Bill@afewdollarsmore.com Visit www.afewdollarsmore.com for more of Bill’s insights. |
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