Investors should take a deep breath
The war drums are beating. Oil and gas prices are soaring. Inflation is at a decades-long high. Bearish sentiment is exploding. And the stock market is giving investors angina. What to do? Take a deep breath and remember that whatever the circumstances, this too shall pass. I know that is easy to say, but a…
By Bill Schmick
February 24, 2022
I feel lousy
I feel lousy. That’s probably good news for the stock market. I am what the financial industry calls a “contrarian,” which is to say that when everyone is buying, I look to sell. And when everyone is selling, I try to find things to buy. That’s oversimplifying it, but you get the picture. But what…
By Allen Harris
February 14, 2022
Crypto crashes (again)
While investors focus on the losses that are piling up in the stock market, the cryptocurrency space has suffered far more. The bears say it has further to go, but that may depend on what happens to stocks. Bitcoin, the grand daddy of crypto currencies, is trading around $38,400 per coin as of January 25,…
By Bill Schmick
January 27, 2022
A two-thirds chance the stock market will go up in 2022
Are you familiar with the hot hand fallacy? Gamblers fall victim to it when they convince themselves that wins or losses come in streaks, and those streaks stay that way because, well, just because they believe past performance is indicative of future results. In most cases, it isn’t. Admittedly, sometimes past performance is indicative of future…
By Allen Harris
December 27, 2021
Reduce taxes by giving smartly
“Should five percent appear too small, be thankful I don’t take it all, because I’m the taxman … Don’t ask me what I want it for if you don’t want to pay some more, because I’m the taxman.” —The Beatles I’m not a big fan of paying taxes. I mean, I guess I like it when…
By Allen Harris
December 6, 2021
Dropping out of emerging markets
When I make trades in my investment portfolios, I like to keep you informed. Not that you should do what I do. I mean, what I do in my portfolio or portfolios of clients may not represent your objectives. But you can use it as a guideline for what you are trying to accomplish. On…
By Allen Harris
October 18, 2021
