Boating conditions off Newport can be a nasty mix. Rolling ocean swells, an opposing current, mixed with 25-knot gusts, can create a challenging chop. Nevermind the reefs hiding under the surface like a school of sharks the size of Jaws waiting for you to get too close. Over the Fourth of July weekend, we traveled by boat from Newport, RI to my parents' house in Mattapoisett. Talking with my dad, coming ashore, motoring to his slip in his dinghy, he told me about the engine problems he’d been having and how he and his boatyard guy came up with a fix. After a long weekend of social distance … [Read more...]
What Is Going to Happen to Oil Prices?
Oil prices recently traded at less than $0/barrel. In 2008, prices were over $120/barrel. What is going to happen to prices for oil in the future? Joe Wallace examines the market in The Wall Street Journal, writing: Some think the bust will set in motion a boom, predicting that investment in oil-and-gas production will dry up and propel crude prices back above $100 a barrel. “That funding pressure is going to be massive. It’s going to be really difficult for some of the producers to produce,” said Trevor Woods, chief investment officer of Ohio-based hedge fund Northern Trace Capital. “We … [Read more...]
You’re Telling Me about 8% and Pickleball
If you’re thinking about retirement or investing in some high yield real estate deal, don’t. Because as soon as you run a few scenarios grounded in reality and not “pie in the sky” dreams, you quickly realize losing income and principle are grave mistakes you don’t recover from, ever. In my conversations with investors, I hear it all. You wouldn’t believe some of the dividend yields I’m told are out there, ranging from eight to twenty percent. Good luck with that. When the government offers ten-year treasuries with an annual yield of 0.66%, it’s time for a reality check. “But,” you … [Read more...]
Gold Price Soars to Nine Year High
Prices for gold have soared over $1,800 an ounce, a range that hasn't been reached in nine years. Neil Hume reports for the Financial Times: Gold prices rose to more than $1,800 an ounce on Wednesday for the first time in nine years as data showed investors had stashed a record $40bn of cash into funds backed by the precious metal during the first half of the year. The commodity, widely favoured by investors as a store of value in times of stress, breached $1,810 during afternoon trading in London, with a gain of more than 1 per cent on the day. Gold has risen about 19 per cent so far … [Read more...]
Walgreens Fights Online Pharmacy Rivals with In-store Doctors Offices
Sharon Terlep explains the latest efforts by Walgreens to become a healthcare provider by adding doctors offices to its pharmacies. She writes in the WSJ: The largest U.S. drugstore chain by stores is pairing with primary-care provider VillageMD to open 500 to 700 clinics at Walgreens sites across the country over the next five years. Walgreens will pay VillageMD $1 billion in equity and debt over the next three years in exchange for a 30% stake in the Chicago-based startup by the end of that term. Walgreens and rival CVS Health Corp. are in a race to become go-to treatment centers, … [Read more...]
Your Retirement Life: On the Road Again, Part II
In the summer of 1984, we traveled across the country in our 21 foot Winnebago Brave (yes we were) and can relate to this article as a new swath of RV drivers hit the roads to dodge COVID restrictions. Joe Barrett writes in The Wall Street Journal: Brad Swenson, who lives in his RV, was at a stoplight in the Black Hills of South Dakota last month when he saw a rental RV trying to use a fast-food drive-through—a typical rookie mistake. “It was like I was about to see a dog get hit by a car. I wanted to help, but there was nothing I could do,” said Mr. Swenson, 50, a Seattle property … [Read more...]
What Will it Take for the Fed to Pull Back?
The Federal Reserve has been operating an emergency monetary policy filled with new programs, some of which operate on the fringes of its statutory limitations. Bloomberg's Christopher Condon reports on when the Fed might consider pulling back on some of these stimulus programs. He writes: Jerome Powell isn’t “even thinking about thinking about” raising interest rates, but investors still wonder what it would take for the Federal Reserve chair to start taking his foot off the gas. U.S. central bankers dropped some strong hints on the answer to that question this past … [Read more...]
American’s Don’t Have Any Money for Retirement, Now This…
You don’t have to look too hard to realize the fix is in to put toxic annuities into retirement plans. First, the Secure Act passes at the eleventh hour last year to allow annuities in 401(k)s (a terrible idea to begin with). Now, states want to require savings plans and you know the next step will be the annuity adoption. What a racket. Bailey McCann reports for The Wall Street Journal: According to data from the National Institute on Retirement Security, 59% of working-age people in America don’t have any money in a retirement account—whether an employer-sponsored 401(k) or an … [Read more...]
Is This Where Some Managers are Going Wrong on Tesla?
In the last five days, Tesla's market cap has increased as much as the entire Detroit-three auto manufacturers' combined. Here's the most likely theory of where the fund managers who are chasing retail investors into Tesla shares are going wrong. Esha Dey reports for Bloomberg: Still, a lot of big institutional investors now also want a piece of Tesla and the electric vehicle market, he said. “In a Covid-19 pandemic and a dark macro environment, the company just put up a 90,000 delivery number, especially when other automakers are seeing herculean challenges.” Tesla said July 2 it … [Read more...]
Avoid the Pelosi Plan, Do Phase 4 the Right Way, Here’s How
In the Wall Street Journal, Casey Mulligan, an economics professor at the University of Chicago, and Stephen Moore, a member of President Trump's Economic Recovery Task Force, put forward a positive plan for reopening America. Their plan would stimulate the economy, and avoid the terrible side effects of the plan offered by House Speaker Nancy Pelosi. They write: The White House will soon begin negotiating with congressional Democrats on a “Phase 4” economic revival plan. President Trump has repeatedly expressed his support for suspending the payroll tax through the end of the year as a … [Read more...]
- « Previous Page
- 1
- …
- 242
- 243
- 244
- 245
- 246
- …
- 644
- Next Page »