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Become a FanMy Parents’ Pain is Your Good Fortune
Monday, May 20th, 2013My parents are in for a rough trip… You see, they miss my two sons, Nicholas and Lucas. They miss having a 2 and 4-year-old running around the house… jumping on the couch… and playing with pots and pans on the kitchen floor. They are making plans to fly from Brazil to come visit me [...]
This “Safe” Sector is Now a Mini-Bubble, Thanks to the Fed
Monday, May 6th, 2013Investors know the value of a trustworthy, safe-haven area of the market. I’m thinking about one particular sector that used to be the safe, top-of-the-list choice, whose volatility was so low it was almost boring. Yet it paid good dividends and the revenue stream of its companies was stable. But the times, they are a’ [...]
Friends Don’t Let Friends Invest in Bubbles
Monday, April 29th, 2013This is a story about economic booms and busts … and how you can make money during both. I traveled to Brazil last October to visit family and friends. At dinner one night, I spoke with some old high school friends about the hottest topic in Brazil: the roaring real estate market. Back then, all [...]
It’s Time to Fire Your Money Manager
Monday, April 22nd, 2013Last year, London trader Greg Smith had his moment of fame when he left Goldman Sachs because of its toxic culture. In his book Why I Left Goldman Sachs and several TV appearances, he accused executives of frequently referring to clients as “muppets.” One of my best friends, who used to work as a money [...]
Have You Taken the Red Pill?
Friday, April 19th, 2013“This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland, and I show you how deep the rabbit hole goes.” If [...]
This Popular Strategy Could Destroy Your Portfolio
Wednesday, April 17th, 2013A few weeks ago, I talked to one of my neighbors, John, who is close to retirement. He’s glad the market is trading at an all-time high. But he still couldn’t get over the fact he lost almost 50% of his retirement account when the market crashed in 2008. After almost five years and accounting [...]
This Popular Fund Could be Costing You a Lot of Money
Tuesday, April 9th, 2013Haruhiko Kuroda. Remember that name. In a few months, everyone will be talking about him. He’s the Bank of Japan’s new chief… the Japanese version of Ben Bernanke. And he’s putting on a clinic on how to destroy a currency. Last week, Kuroda announced that the Bank of Japan will print $520 billion per year. [...]
Is it Time to Give Up on Gold?
Monday, April 1st, 2013Last month, the world’s largest gold-backed exchange-traded fund had its biggest monthly outflow since its inception, as investors lost confidence in gold. Some high-profile investors, such as George Soros, have also liquidated their holdings in the metal. Analysts at Citigroup say the gold bull market is over. Goldman Sachs has lowered its gold price projections [...]
Forget Cyprus… The Fed is Stealing Your Money
Monday, March 25th, 2013If you’ve been watching the news recently, I’m sure you know this story by now. The banks are closed in the tiny Mediterranean island of Cyprus… Cypriots are lining up outside ATMs to withdraw their money… But most of them aren’t able to get any cash… What really initiated the riots and the run on [...]
The Last Time This Happened, the Market Crashed
Monday, March 18th, 2013As you know, the market views copper as the metal with a Ph.D in economics because it tends to be a good indicator of global economic health. When the global economy is growing at a healthy pace, copper tends to rise. When it’s not, copper tends to fall. That’s why the S&P 500 index and [...]
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