On September 17th and 18th, the Federal Reserve will meet and likely ease the interest rate on Federal Funds. I’m picturing the meeting taking place poolside, with Chairman Powell wearing floaties and beverages being served with umbrellas and freshly sliced citrus. Waist-deep in the shallow end are the Commodores singing “Easy Like Sunday Morning.” ... Read More
With travel approaching pre-pandemic levels and international travel as popular as ever, now is a good time to look at some helpful hints for renting cars. ... Read More
Recently, I heard from two friends about how an online fraud scheme duped them. One involved a grandmother thinking that she was helping a grandchild in trouble. The second involved providing account information over the phone to someone that falsely claimed to be working for PayPal.... Read More
Everyone is talking about the student loan forgiveness plan. And everyone has an opinion about the merits or demerits of forgiving debt. Regardless of your opinion, for those that will benefit from this gift, it would be great to see them take advantage.... Read More
Over the next few months, we are going to hear a lot about a recession, and in most cases accompanied by a qualifier such as: “unlikely recession”, “certain recession”, or my favorite that comes out in a couple of years, “the recession that everyone knew was going to happen.”... Read More
The bond market is down over -9% since the beginning of the year. The significant losses are almost across the board. High yield, investment grade, long-term, and intermediate bonds have taken large hits. Only short-term and adjustable-rate bonds have largely escaped the carnage. So what is happening to the bond market and what should you do?... Read More
On May 27th, the movie “Top Gun: Maverick” will be in theaters 36 years after the release of the original Top Gun. In a famous scene from the original, Tom Cruise describes how he (and Goose) were inverted and could take an up-close Polaroid that proved the government’s analysis of the enemy’s capabilities did not accurately reflect reality. What does this have to do with the bond market?... Read More
hinting at rate increases in 2022, the year ahead might not look much better. So with yields low and rates projected to rise, why should I own bonds?... Read More
I was talking with a friend earlier this month. We both have boys that are seniors in high school, and we have been comparing notes regarding college visits, areas of study, and finances. Most recentl... Read More
This last year has been stressful and filled with awkward moments, particularly when it comes to money and family. Almost everyone has been impacted, either one way or another, by the pandemic. So how... Read More
