Vegas In Your Palm: Avoid The Robinhood Trading Trap
by Mitch TuchmanOne of the more successful tech startups on Wall Street these days is Robinhood, a phone app that allows inexperienced investors to jump into stock trading. The come-on is that the trades are free. Naturally, there is no free lunch in investing, aside from diversification, as investing legend Burt Malkiel explains. As the saying goes… Continue reading
Your Retirement: A Hard Look At Preferred Stock For Income
by Mitch TuchmanOne of the most challenging aspects of managing money in the past few years has been extraordinarily low yields from government bonds — bordering on zero and even negative when you consider inflation. Given that bonds make up a large percentage of traditional retirement investor portfolios, that lack of that steady income hurts. At my… Continue reading
How To Survive The Next Few Months As An Investor
by Mitch TuchmanOkay, America, buckle up. You’re going to hear a lot of bad news over the next few months and a lot of good news… and that means stocks could be volatile. I say good news because things are looking up on a number of fronts. An initial report on a vaccine for COVID shows 90% effectiveness,… Continue reading
For Investors, These Two Things Matter More Than The Election
by Mitch TuchmanElection Day is finally here. As Americans jam the polls in record numbers, both political parties are pulling out the stops to convince voters that nothing is assured either way and that the race is wide open. That has investors plenty nervous, naturally. It doesn’t take much to spoil the party on Wall Street on… Continue reading
SCOTUS Hearings Bring Political Heat, Not Much Light for Investors
by Mitch TuchmanHearings on the nomination of Amy Coney Barrett, President Trump’s choice to replace the late Supreme Court Justice Ruth Bader Ginsburg, are under way. Whatever your political opinion of the nominee, you can bet that in the meantime nothing else will come even close to getting done in Congress. We are nevertheless barreling toward Election… Continue reading
The COVID Grind Is Unbearable, But It’s Not Forever
by Mitch TuchmanWhen will life be “normal” again? Will it ever? These are reasonable questions considering the impact that the pandemic has had on virtually everyone on the planet. Many have died, many more are sick, and millions are out of work or underemployed. Broadly, the economy seems to be finding a footing here and there, even… Continue reading
The Danger In The Market Right Now Is…You
by Mitch TuchmanTake a few minutes to peruse the financial news online or tune into cable TV and you might end up with the investor equivalent of whiplash. Some stocks zoom to nosebleed highs, even as the economy unloads one bad headline after another. Meanwhile, thousands of inexperienced day traders armed with smartphones flood the market with… Continue reading
Can’t Drive 55? Good Luck Retiring On Time — And In One Piece
by Mitch TuchmanThose of us a certain age remember the mid-1980s rock anthem “I Can’t Drive 55,” by Sammy Hagar. It’s a funny, ridiculous song, coming out about a decade after the country established a nationwide maximum speed limit of 55 mph in reaction to the oil shock of the 1970s. The video for the hit song is equally… Continue reading
Kevin O’Leary Says Pay All Your Debts By Age 45 — Including Your Mortgage
by Mitch Tuchman“Shark Tank” star Kevin O’Leary knows how startup businesses succeed — or fail. Most businesses make it past that crucial first year by finding investors while controlling costs tooth and nail. If only retirement investment advice had that same approach. “If you want to find financial freedom, you need to retire all debt — and… Continue reading
