Don’t Let This Mutual Fund Mistake Cost You Thousands

What mutual fund mistake am I talking about? This mistake is so common, chances are you have committed it yourself—before you became a savvy, successful investor, of course. If you have ever purchased a mutual fund solely on the basis of past performance, you have made this mistake. Buying yesterday’s winners—also known as performance chasing—is a time-honored tradition for many investors. No matter how many warnings they hear on the pitfalls of performance chasing, many novice investors... Read more of this article

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Former American Express CEO Harvey Golub on Obama’s Tax Proposal, Deficit

Jan. 25 (Bloomberg) — Harvey Golub, chairman of Miller Buckfire & Co., talks about President Barack Obama’s proposal that the wealthy pay more in income taxes. Golub, speaking with Betty Liu on Bloomberg Television’s “In The Loop,” also talks about the Republican Party’s 2012 presidential candidates and the federal deficit. (Source: Bloomberg)  Read More →

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Black on Obama’s State of the Union Address

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Future Dividends, Coupons, and Principal

Your purchasing power is your lifeblood in retirement. On my office credenza is The Theory of Investment Value by John Burr Williams, first published in 1937. Chapter five is titled “Evaluation by the Rule of Present Worth, Section I. Future Dividends, Coupons, and Principal.” Burr writes: [D]ividends, or coupons and principal, must be adjusted for expected changes in the purchasing power of money. The purchase of a stock or bond, like other transactions which give rise to the phenomenon of interest,... Read more of this article

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Young Research’s Retirement Compounders

Retirement Compounders Portfolio is comprised of 32 dividend and income-paying securities from around the world. A well-diversified, 32-stock portfolio can give you over 90% of the diversification of owning every stock, for example on the NYSE.        Read More →

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