Coronavirus Infects Stock Market: Part XLIX A new client of mine is consolidating his eight-figure fortune with Fidelity. What’s shocking is how easily he decided to leave Vanguard. “Why?” I asked him. “E.J., I haven’t heard from anyone at Vanguard in over a year,” he said. “They’re letting a quarter of a hundred million dollars walk out the door,” I thought to myself. “The front door.” That is shocking. “I’ve read your father-in-law Dick Young for over 30-years,” he said. “I miss him.” “Welcome home,” I said. When the late Vanguard founder Jack Bogle released Bogle on … [Read more...]

Coronavirus Infects Stock Market: Part XLVIII You can’t time the market. Don’t even try, because you just might end up being wrong. Consider commercial real estate, for example. Anyone want to buy a high rise in Manhattan? Let’s hop in our time machine and look back to 2018 when the stock market was having a rough year. The DJIA ended the year down close to six percent. Big bad pensions wanted nothing to do with stocks. They wanted the “safety,” the “reliability of,” wait for it—commercial real estate. Let’s roll the footage (WSJ article Nov. 2018): U.S. public pension funds are … [Read more...]

Coronavirus Infects Stock Market: Part XXXIX You’re seeing up close how blue state governors love states’ rights only when they’re in charge and what a mess it creates when different rules apply across state lines. Take a look at Rhode Island and Massachusetts, for example. Rhode Island has shelter in place until next Monday, May 9, while in Massachusetts the end date is May 18. Yet, Rhode Island is more strict, prohibiting groups larger than five while Massachusetts allows ten. My parents and my sister’s family live in Massachusetts. When we gather, we make a group of ten. That’s … [Read more...]

Coronavirus Infects Stock Market: Part XXXV You feel it in your gut: The cure is worse than the disease. The numbers don’t support a stay-at-home, out-of-work policy for an entire country, never mind most of the world. Turns out Sweden was right from the beginning as was President Trump, who explained that America is not meant to be closed for business. Business, not the government, is our country’s lifeblood. Don’t tell that to the blue states though, as they demand bailout checks for pensions—math that even a first-grader knows doesn’t work. Remember the Golden Rule muni bondholders: He … [Read more...]

Coronavirus Infects Stock Market: Part XXXIII As some states inch their way back to a soft-open, there will be plenty of losers, many of whom have done nothing wrong and who are healthy. Think about Rhode Island Gov. Gina Raimondo’s comments yesterday telling businesses they’ll have to allow employees 60 and older to work from home, or offer more paid sick leave. At the outset, most businesses will comply, but what if this type of thinking becomes law? Why would businesses pay more to hire older workers or keep them on staff? Do these governors ever think about small business owners and … [Read more...]

Coronavirus Infects Stock Market: Part XXXII Do you have a vitamin routine? There’s a bottle of Dr. Joseph Mercola’s liposomal C sitting on my desk. A doctor client of mine swears by his C, not quite Linus Pauling levels, but a significant dosage nonetheless. Dr. Mercola writes about zinc as a “Poor Man’s Coronavirus Defense,” and refers to the yeoman’s work of investigative reporter Bill Sardi. (Mercola had me hooked at Poor Man’s). In closing, Sardi proposes imitating Zelenko’s COVID-19 protocol using natural remedies if you have symptoms of  SARS-CoV-2 infection and cannot obtain a … [Read more...]