Day Trading Stock Is A Guaranteed Slaughter. So Why Do It?
by Mitch TuchmanEvery so many years, it seems, the stock market is flooded with mindless cash, an influx of inexperienced day traders looking for a quick buck and a thrill. It’s happening again. Consider the weird saga of Hertz, the long-respected car rental brand. Undone by debt, it’s not clear the company will survive. They’re dumping cars… Continue reading
Beware The Many Vultures Eyeing Your Old 401(k) Money
by Mitch TuchmanTens of millions of Americans are out of work as a result of the COVID-19 pandemic and associated shutdowns. Once the economy restarts in earnest, chances are many of them will return to different jobs, even different careers. That kind of monumental shift in the economy will be an acceleration of an already common experience… Continue reading
Your 401(k) Won’t Be Enough For Retirement
by Mitch TuchmanIn light of the continuing pandemic, Congress has temporarily changed the rules on hardship withdrawals from your 401(k). It’s easier to take money out penalty-free, up to $100,000, and you can pay it back and avoid the tax hit. But should you even think about raiding your 401(k) plan? Vanguard, the investment firm founded by… Continue reading
Retirement Investors Have A Chance To Stretch Their Charitable Dollars
by Mitch TuchmanTumultuous times like today’s COVID-19 pandemic tend to bring out the best in us, and you don’t have to look far to find examples: Canned food drives for local food banks, a surge in blood donation, and otherwise idled restaurants providing donated meals for healthcare workers. There’s no lack of need, more so given the… Continue reading
Jason Zweig Is Right: You Probably Already Have $1 Million But Act Like You Don’t
by Mitch TuchmanI’m a big fan of Jason Zweig, the Wall Street Journal investing columnist. His recent piece on bear market investing is a classic of financial communication: Use an easy metaphor to explain a difficult concept. In this case, Zweig explains the widely known but mostly misunderstood concept of a bear market, times when stocks fall… Continue reading
Investing In A Stormy Market: Warren Buffett’s Advice Still Rings True
by Mitch TuchmanThe COVID-19 crisis has been an unprecedented shock to our country. We are greeting daily with heart-wrenching images of families torn by loss and communities reeling from the hefty physical and emotional toll. The economy is reeling too. Expect crazy numbers ahead. Unemployment is projected to rival the Great Depression. Stock markets are volatile for the first… Continue reading
Warren Buffett’s Latest Advice Could Help You Retire Much Richer
by Mitch TuchmanWarren Buffett, the iconic billionaire investor and chairman of Berkshire Hathaway, recently released his latest letter to shareholders. You probably didn’t hear a lot about it, not least of all because the stock market has been generating plenty of news on its own lately thanks to reaction to the coronavirus. It’s still very much worth your time… Continue reading
5 Ways Investors Can Stay Calm As Coronavirus Fears Worry Markets
by Mitch TuchmanThe coronavirus pandemic has led to significant short-term volatility in the financial markets. In an effort to help Rebalance clients make the best possible decisions about their portfolios, Rebalance Chief Investment Office Mitch Tuchman recently led a live presentation on how to prepare for quickly changing realities in the investment world. Initially exclusively for clients,… Continue reading
Jane Fonda, Lily Tomlin And Dolly Parton Are Still Clocking In And Reinventing Themselves — Well Past Retirement Age
by Mitch TuchmanIt’s hard to fathom, but the box-office hit “9 to 5” starring Jane Fonda, Lily Tomlin and Dolly Parton made its debut nearly 40 years ago. The 1980 office farce classic is the tale of three women who kidnap their boorish, sexist boss, played by Dabney Coleman. Their problem to overcome is how to run… Continue reading