Google “Are we in a recession?”. If you wanted a concrete answer, you didn’t get one – only ‘yes’, ‘no’, and everything in between. You’ll have to wait until the National Bureau of Economic Research (NBER) says there is one. Then it’s official. And then the market falls. Right? The market is forward looking. And recessions are old news. The NBER tends to be late to the game. The global financial crisis is a great example. Take a look… The recession is in gray. By the time it was announced, stocks had dropped over 40%. Most of the damage had …
Tomorrow’s News Today…Would It Help?
Occasionally, someone tells a story better than we ever could (not hard to do, but hey). It’s usually Jason Zweig of the Wall Street Journal. And he’s done it again. Here’s an excerpt from his October 28th article. We promise it’s worth your time. What to Do When You Know What Stocks Will Do Next Sometimes, investors think they know exactly what’s coming around the corner. That sort of certainty is often dangerous. Imagine you could know tomorrow’s news today. Would that make you a better investor? On Oct. 13, the Labor Department announced the consumer-price index rose 8.2% …
Why Your Neighbor Is Selling
The market is down big this year. It’s no fun. When we’re in the middle of it, it feels like there’s no end. And then…we do something! Anything!! Selling something is usually involved. And we just can’t help ourselves, no matter what logic or the evidence may tell us. Because we’re programmed to do it. Thanks to evolution, we are bad investors – whether the market is down or up. Maybe even more so when it’s up! (Bitcoin at $68,000 anyone?) Sure, our instincts to avoid danger, to find safety in numbers, have served us well as a species in …
Can You Wait?
For the final season of Stranger Things, no! We want it now. How about for this gloomy market to end? You absolutely can wait for that. There’s no need to worry. To understand why, let’s look at who probably cannot wait. Those who: market time, have money in individual stocks, chase trends like bitcoin, sell and go to cash. None of those strategies can rely on time to produce a successful investing experience. They all are just as likely to lock in losses as they are to recover, no matter how long one waits. It’s gambling, but without the free …