RichC | May 8, 2021
A few times before I’ve thought, and blogged about MMT or Modern Monetary Theory, when it comes to newfangled economics. Personally, I (nor many economists) can accept the thinking or rationalize the large deficits and debt path our country is on. In order to better understand the mind-set, I decided to read Stephanie Kelton’s book […]
RichC | April 27, 2021
General Electric‘s ($GE) first-quarter 2021 earnings were as they should be. Still, it wasn’t quite enough for investors. General Electric (ticker: GE) shares were down about 2.7% in premarket trading. S&P 500 and Dow Jones Industrial Average futures, for comparison, were both off about 0.1%. The company reported an adjusted profit of 3 cents a […]
RichC | April 25, 2021
Although I’ve owned a small amount of Bitcoin in a cryptocurrency account for a while now, I’ve been wanting to attend a primer on the subject. Thankfully Barron’s offered a free webinar hosted by Beverly Goodman and explained by Grayscale’s Michael Sonnenshein. It was great fill in some of my knowledge gaps, but my question […]
RichC | April 14, 2021
Since Ford once-upon-a-time paid a solid dividend, it was one of those stocks I felt comfortable trading in and out of or just sitting on for a while … but after the company suspended the dividend in March of 2020, I had to re-think $F stock. Owning Ford in 2020 and so far in 2021 […]
RichC | April 7, 2021
In keeping with a New Year’s resolution from “years ago” to read more non-fiction books and some classic literature still sitting unread on our new bookshelves, I’ve picked up a new edition of an “older” book. For April and more likely May (statistically good months for stock market investing), I’m reading “A Random Walk Down […]
RichC | April 6, 2021
Democrats have been gaining ground over the past few years with their “hate Trump” blitzing supported by the leftists, big tech and mainstream media (one in the same from what I’ve seen), and continue to put heavy pressure politicians and corporations. Just as with the tactics used by BLM, Antifa and “woke” groups using racism, […]
RichC | March 30, 2021
The news that has captured much of the of the world’s interest this week was the very large Ever Given container ship lodged sideways in the Suez Canal by 40+ mph winds (and perhaps some mechanical issues?). The “Empire State Building” size ship snarled traffic for 6 days surprising most people as to just how […]
RichC | March 25, 2021
For the most part, I’m a conservative investor, although a regular channel trader, and I rarely speculates on risky upstarts, IPOs, zero-profit tech stocks, pharmaceutical long-shots or the latest crazy … cryptocurrency trend. Since most “risk” involves speculation, I see it more akin to gambling than eyes-open informed value or growth investing … both which […]
RichC | March 18, 2021
Real estate has been on a tear in many markets as the coronavirus has people moving from cities to the suburbs and their own piece of land. In my opinion it is not just COVID19 related, but that fact that cities aren’t as secure or as tax friendly to live in, especially on the east […]
RichC | March 12, 2021
Back in January I switched my “off contract” iPhone7 Plus over to Mint Mobile and a month later switched over Brenda’s iPhone7. The transition was smooth and pretty much glitchless. Service from our previous Virgin Mobile then Boost Mobile plan is basically the same, although initially restricted me to 3GB of data per month (now […]
RichC | February 19, 2021
Well it is official, we are both with Mint Mobile. I’ve been using them for a month now and haven’t had any issues with their service (backboned on T-Mobile I believe) … and since saving money for the same service is a no-brainer, I’ve switched Brenda’s iPhone over this month as well … and added […]
RichC | February 18, 2021
Almost 1 year ago, I started to use the Chromium-based Brave Browser and an Uphold account to receive the BAT (Basic Attention Token). I convert to Bitcoin along with the income generated on MyDesultoryBlog.com … which currently seems to be the digital currency of choice; I really did it just for the fun of it […]
RichC | February 17, 2021
For those of us living in a post-pension world, planning for retirement comes down to how much can be saved in 401K and IRAs … and how to make it last once retired. Most people rely on the “multiple buckets approach” to coming up with enough dollars to pay for bills and “hopefully” live comfortably […]
RichC | January 26, 2021
All I can think about are the stock market “bubbles” from the past. I’d love to believe the upward trend we’ve seen this past years is genuine and built on an appropriate foundation, but suspect as most know, it is being built on “hope” and “stimulus dollars.” Now that is not to say that certain […]
RichC | January 23, 2021
Once upon a time, I was … or at least tried … to be frugal in most things. I’ve always shied away from buying higher priced brand names, when there were less expensive option. Coffee is a prime example … since I was perfectly happy with the Chock full o’Nuts brand of canned coffee since […]
RichC | December 22, 2020
With only a handful of meals out during this COVID19 year with my buddy Jeff this past year, I’ve learned to appreciate them even more than usual. We’ve been having lunch together each month or so as a way to stay connected for decades and for me adjusting to just emails and text messages is […]
RichC | October 2, 2020
With Twitter $TWTR stock rising this week and the election around the corner, I debated buying a PUT option, but instead decided I would feel more comfortable in a cash position than wondering what direction the stock will move next time. Years ago I unfortunately picked Twitter as my social network investment and for the […]
RichC | July 15, 2020
The pandemic delayed April 15th Tax Day for Americans’ 2019 taxes is now upon us and for those who have not filed, you have until 11:59 tonight to do it … unless you request an extension until October 15th. We can try to wish it away like Dorothy in the Wizard of Oz, but as […]
RichC | June 24, 2020
By now we all have heard and know about the TRILLIONS we have borrowed and continue to borrow as a nation in deep debt, but few are willing to make any changes to the status quo before this house of cards comes tumbling down. What we don’t really thing about quite as much are the […]
RichC | June 17, 2020
Podcasts have been around for a while now and I suspect I”m like most people, it is an on again, off again listening affair; finding or making time to them can be challenging. The iPhones and Android phones do make it easy to archive episodes and listen on the go, but unless you are in […]
RichC | June 12, 2020
Regular readers have likely noticed a few “hopefully” discrete ads running on My Desultory Blog. It is a way for me to experiment with ways to help my customers choose or forgo the use advertising services like Google Ads on their sites. For the most part it has been relatively painless (although nothing to retire […]
RichC | April 22, 2020
The Coronavirus is doing what environmentalists and anti-fossil fuel advocates have only dreamed of doing … killing the petroleum industry. There is so little demand for crude oil that “Producers must pay buyers $37.63 a barrel” to refine their product. There is no place to store it as companies who explore and drill are dead […]
RichC | April 21, 2020
As the United States and the world prepare to open society in phases after well over a month of stay-at-home orders due to the Coronavirus, the debate between those who see the health risk as too high and those who fear a full on economic collapse (world wide depression) continues. Several states are seeing protests […]
RichC | March 26, 2020
When I was growing up, I had a passbook savings account that was a teaching tool used by my parents to instill responsible money management. I deposited a small amount in it every few months or so when my mom would go to the bank and got my passbook stamped with an update as to […]
RichC | March 24, 2020
It has been good to be distracted with a painting and bookshelf project while "staying at home" these last few days. Unfortunately the COVID19 Coronavirus doesn’t look to be disappearing or dissipating as quickly as we were all hoping … so it looks as if we’ll be struggling to figure out how to not only […]
RichC | March 14, 2020
It was a tiring week with the drip, drip, drip Coronavirus news and highly-reactive financial markets. Although frightening, investors rightly or wrongly responded with a selloff of historic proportions. The entire meltdown seemed more like hysteria and panic and had me wondering how our country and nation ever faced plagues, a weak economy due to […]
RichC | March 11, 2020
Although I suspect all the selling on Wall Street has to do with needed cash or the “sell and re-assess later” attitude, I’ve been puzzled that gold (usual safe haven) and utilities have been hit as well. Personally I thought these areas might balance exposure to industrials, tech and energy. Obviously not as Wednesday’s market […]
RichC | March 10, 2020
The “old school” razor sharpening animated GIF below has NOTHING to do with my emotional state after stomaching Monday’s stock market crash and “oil war” between Russia and Saudi Arabia … so don’t read anything into my poor attempt at humor. After watching the DOW drop over 2158 points and seeing the index close just […]
RichC | March 9, 2020
There has always been a part of me that enjoyed looking at the night sky … perhaps it is the “want-to-be” sailor in me or just growing up with space exploration? Studying the night sky really was never a passion until Katelyn took an interest in space (Space Camp, NASA Sharp, Astronomy as a hobby) […]
RichC | March 7, 2020
I’ve purposely put off posting anything to MyDesultoryBlog as the worldwide spread of the Coronavirus Disease 2019 (#COVID19) began. Partially since it is challenging to separate the unfounded fears and panic from the real threat since the reporting varies based on news sources (Information from China is particularly questionable but western media sources aren’t all […]
RichC | February 19, 2020
Those of us who spend any amount of time investing or trading stocks enjoy the good feeling when we’ve studied and made positive investing moves … but we also tend to ignore the stupid trades. Looking at today’s chart of Exxon $XOM (5.80% annual dividend), there is no way I can positively spin one of […]
RichC | February 17, 2020
Although this may have been included this Music Monday song on MyDesultoryBlog before, seeing it in a recent commercial has me pondering living life in a balanced way. I’ve always been a planner and an advocate of the Boy Scouts “Be Prepared” motto… but sometimes that can get in the way. The older I get, […]
RichC | January 26, 2020
graphic credit – Enza Financial There was an excellent podcast on Charles Schwab‘s WashingtonWise Investor (link) last week with Mike Townsend and Dan Stein that summarized the 2020 changes for those planning their retirement – hopefully everybody. Most of the new changes made by Congress last year in the SECURE Act are based on Americans […]
RichC | January 18, 2020
While working on post highlighting the DJIA crossing 29,000, I realized that the stock market has blown through that milestone and is rocketing towards 30,000 and that I’ll have to start over (probably a “worry-wart” post is coming). One of the big contributors to this Dow Jones Industrial Average is Apple ($AAPL). It just continues […]
RichC | January 17, 2020
Back in the late 1980s when I was starting in the commercial printing and eventually ‘small time’ publishing business (Consolidated Printing and Publishing Co), I didn’t realize how far ahead of the game we were when focusing on the subscription model. Early on we were able to capitalize on few people in the printing industry […]
RichC | January 14, 2020
The stock market continues to rally on positive news: low inflation, cheap money, increasing wages, low unemployment and even good news on trade with China. If there was ever a time to use the “hitting on all cylinders” idiom, this would be it … but when things are looking this good … everybody gets a […]
RichC | January 11, 2020
Forgive me for being a bit redundant in worrying (again) about the hot tech stocks like Apple (AAPL), Google (GOOG), Facebook (FB), Amazon (AMZN), Tesla (TSLA) and Netflix (NFLX) among others as the Dow Jones Industrial Average flirts with 29,000 in mid-January 2020 (even a broken clock is right twice a day! ― Marie von […]
RichC | January 5, 2020
An interesting take on “inflation” and how different generations perceive the possibility of it accelerating in the next decade or so … and perhaps the effect it can or will have on our lives. For example, in the graph below, pick your birth year and note the color bars to determine how many years of […]
RichC | January 3, 2020
As far as one of my biggest investing mistakes goes — buying General Electric ($GE) “after their initial collapse in 2017” – I am hoping this next year “might” be a year of true recovery (pre-posting over lunch on Thursday January 2, 2020)? Of course that is yet to be, but 2019 was at least […]
RichC | December 22, 2019
If you’ve been investing for a few years now, you know mergers and acquisitions in the banking and financial services business is nothing new. We’ve personally experienced a few brokerage firms in our day and still remorse losing the early trading platform of Datek, and to a lessor amount Waterhouse, to TDAmeritrade. Now that Schwab […]
RichC | December 20, 2019
As the year and decade wind down, it is the time of year investors and financially prudent planners take note of their savings and retirement portfolios. Barron’s surveyed strategists who continue to expect “more gains ahead for U.S. stocks” with the caveat, “barring a jarring election or a derailment in U.S. – China trade.” So […]
RichC | September 18, 2019
Does Your State Have a Marriage Tax Penalty? It isn’t always easy to decipher the tax impact of marriage on taxes, but the Tax Foundation summarized the tax code “marriage penalty” and offers an overview map. YMMV. Under a progressive, graduated-rate income tax system, tax rates increase as a taxpayer’s marginal income increases. A marriage […]
RichC | September 9, 2019
Couldn’t help but to remember Dionne Warwick singing the Burt Bacharach song “Do You Know the Way to San Jose” when sharing the Tax Foundation map highlighting the most expensive (and least expensive) places in America. No surprise, San Jose, California was the most expensive. Of course the music stayed with me and I just […]
RichC | August 13, 2019
Great energy use tip for those of use who heavily rely on ceiling fans: The direction a ceiling fan should turn can be confusing. Modern fans have a switch that enables them to blow the air either up or down. During the summer you want the fan to blow air straight down, so your ceiling […]
RichC | August 11, 2019
As the cost of education, health care, cars, etc. goes up, it should be no surprise our financing habits change in order to pay for priorities like higher education … or luxuries like newer and more reliable cars. Paying for semi-essentials is significantly more expensive than in the past and we now extend paying for […]
RichC | August 5, 2019
Monday, August 5th, 2019 was not a good day to be long in the stock markets – WSJ update. I think we are often too complacent with investing and fall victim to the “stay the course” and invest for long run mentality. It is easy to forget just how painful market drops can be. Economist […]
RichC | June 21, 2019
Taylor is my millennial antagonist when it comes to discussing politics, investing and both government and personal finances. We both enjoy debating, so it’s cool most of the time. He is also a product of his generation just as I am of mine. We view the role and expanse of government differently when it comes […]
RichC | June 13, 2019
We have so many cans (mostly Brenda’s Diet Pepsi, but plenty of my Diet Mountain Dew as well) is almost embarrassing how I take aluminum cans to a local recycling center. It is even more eye-opening to “see” just how much pop (soda) we buy and consume! How is it possible to drink this many […]
RichC | June 8, 2019
We are big proponents of using ceiling fans and “I” have always assumed the electricity cost in running them was minimal compared to running air conditioning and for the most part just leave them on all the time in the summer. BUT … that’s not really the best idea according to an energy saving newsletter. […]
RichC | May 24, 2019
The political tension around the globe, along with the trade battle between the United States and China, have put a damper on what was a relatively good economy here in the U.S. Add to those challenging international negotiations, the deepening divide between many Democrats still seeking to impeach President Trump in control of Congress are […]
RichC | May 22, 2019
Yes … the U..S economy is in good shape … but if you are an investor, these last few weeks may not have felt like the stock market is responding as it should in a good economy? Enter trade with China … well primarily China. Yet there is also unrest in the Middle East with […]
RichC | May 17, 2019
Intel chips are presenting a huge problem for nearly every computer user with chips since 2011. These Intel chips have vulnerabilities that if exploited can be used to steal sensitive information directly from the processor. According to published articles from security experts, "the bugs are reminiscent of Meltdown and Spectre, which exploited a weakness in […]
RichC | May 15, 2019
More than likely Florida is at least considered due to better winter weather, a low cost of living and no personal income tax. There are a few other growing destinations, but very few in high tax states or in the cold north. It may come as no surprise that Florida snagged the top spot once […]
RichC | May 14, 2019
It has taken awhile, but someone who enjoys Walleye fishing decided they wanted all my MayFly Lures. He made me an offer and so decided to give him a “buy them all” price. At least I’ve recovered most of my printing losses on this project from years ago and likely made a fisherman happy. He’ll […]
RichC | May 7, 2019
In a discussion with my son Taylor last week, the subject of homeownership came up. He is single and currently rents, but like many millennials, hasn’t been in a big hurry to "put down roots" as have previous generations. On the other hand, being that his career is in "planning" and "economic development," regularly talks […]
RichC | May 1, 2019
Those of us invested or following the stock market either with individual stocks, mutual funds or ETF index funds have to be pleased with the rebound in the economy since December 2018. The first quarter has rewarded those who remained invested (so as long as they have been diversified) for the long haul. Even with […]
RichC | April 26, 2019
Likely I am not alone in constantly reevaluating the pros and cons of participating in social media. I’ve purposely limited my exposure to only a couple of platforms even though I enjoy staying in touch with friends and acquaintances … and generally don’t have a problem with people respectfully debating news and politics. Facebook as […]
RichC | April 17, 2019
It was a struggle to contain my frustration as I watched Senator Bernie Sanders pitch his version of Democratic Socialism to a “townhall” Q & A hosted by Bret Baier and Martha MacCallum of Fox News on Monday night. I “SO” hope that the American people have far more commonsense than to head further down […]
RichC | April 13, 2019
Even in today’s gender-neutral world, there are duties, either said or unsaid, that married couples still assign to each other. One of them in our house assigned to me is taking care of our automotive issues … especially the ones nobody really wants to do. One of this past weeks’ tasks was to take our […]
RichC | April 12, 2019
The “customer experience” (a marketing buzz-term nowadays) can make or break companies. Some do it right, others fall on their face early in their start-up cycle … and others like Ebay ($EBAY) and Paypal ($PYPL) have employees, customer service departments and management issues dragging their company down … yes, this is going to be a […]
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