by NovemAdmin | Jan 11, 2022 | Blog, commentary
The Markets Here’s a little story about a group called the Fed… In the 1950’s, then Fed Chair William McChesney Martin described the Federal Reserve as “the chaperone who has ordered the punch bowl removed just when the party was really warming up.” In 2020, the...
by NovemAdmin | Jan 11, 2022 | Reading List
Have a great week everyone. Lifetime Annuities New Lifetime Annuities in 401(k) Plans Could Cut Advisors Out of the Picture As many of you know, annuities’ fee structures and sales practices are some of my least favorite thing about the finance industry. Like many...
by NovemAdmin | Jan 4, 2022 | Blog, commentary
The Markets 2021 was a fizzing mints-in-soda kind of year. Everything seemed to shoot higher – from COVID-19 cases and vaccinations to economic growth and global stock markets. Everything except for optimism. As the year came to an end, a CBS News poll found that 40...
by NovemAdmin | Jan 4, 2022 | Reading List
Happy New Year! Cheers to a successful 2021. Looking forward to 2022… Runaway Capitalism Runaway Capitalism – how gradual evolution can lead to a destruction of a species. An almost singular focus on certain metrics (like ROE and profitability) has led...
by NovemAdmin | Jan 4, 2022 | Blog, commentary
The Markets Investors were feeling bullish. Last week, the Standard & Poor’s 500 (S&P 500) Index closed at a record high for the 68th time this year. That’s the second-highest number of record closes in a single year. The highest number occurred during 1995,...
