The S&P 500 Is Not Diversified

The S&P 500 Is Not Diversified

March 3, 2025 Surely, you’ve heard about “not putting all your eggs in one basket.” This overused cliche stresses the importance of diversification (spreading out risk across a group of investable assets). For stocks, advisors often suggest a basket of 20-30 stocks to...
Famous “Market Rules to Remember”

Famous “Market Rules to Remember”

February 24, 2025 As the market remains frothy from a historical perspective, I encourage you to read some interesting points from Merrill Lynch’s former Chief Market Analyst, Bob Farrell. His famous “Market Rules to Remember” first appeared after the dot-com bubble...
President-Elect Trump Has an Inflation Problem

President-Elect Trump Has an Inflation Problem

December 30, 2024 Uncertainty stems from the simple fact that change is hard. Everything President Trump wants to do in the next four years will face powerful opposing forces – and not always Democrats. That will include fixing our debt problem, which in my view is...
New Administration, Same Old Problems

New Administration, Same Old Problems

December 9, 2024 President-elect Donald Trump and the Republicans will soon own the same economic problems they talked about on the campaign trail. After all, it’s not like our big challenges will magically disappear overnight. For instance, U.S. debt is growing twice...