Monthly Archives: July, 2014

How Much for a BTU?

Record low temperatures in much of the U.S. have kept air conditioners from running, and electricity demand low. The low demand, coupled with an inventory buildup running...

Piping Hot Growth

Four Percent! Can you believe it? The first estimate of second quarter GDP growth was released this week and it came in at a piping...

Gut Check: Confidence Rises to Post Recession High

Consumer confidence has risen to another post-recession high. The Conference Board's Index of consumer confidence has nearly topped its historical mean, something it hasn't done...

Your Best One-Two Punch

For my money the best balanced fund combination is a 50/50 mix of Vanguard Wellesley and Wellington. For clients I prefer a mix of...

The Monday Melee: Euro Hits New 2014 Lows

  What we're reading: Mark Cuban talks before he thinks. On Tax Inversions: "If You Move Overseas, I’m Selling Your Stock" (MoneyBeat) Talk about solar power. This...

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Why Diesel Prices Have Surged Across the U.S.

U.S. diesel prices have risen sharply due to high...

What’s Happening in France could Happen Here

You may have read that France is facing a...

URGENT: Silent Spyware Attacks Prompt Apple Update

The Financial Times reports that researchers from the University...

Do You Love Oysters and Crêpes?

Do you love oysters and crêpes? Your Survival Guy...

Petrified Snow/Ice Fishing? How about a Boat? and More

One of the greatest things about winter is you...

The Six Trillion Dollar Man

Just how much taxpayer money is Joe Biden going...

New York’s Massive Budget Adds Wealth Tax Twist

Gov. Kathy Hochul announced that New York leaders have...

New York Restaurants Fight to Survive as Costs Climb

New York City bars and restaurants are raising prices,...

The Magic Number

The magic number for retirement is four, as in a 4% annual draw on the initial balance of your retirement portfolio. Thus, if your portfolio totals $1 million, you draw $40,000 in year number one. In future years, you draw 4% or $40,000 annually, whichever is less.