RichC | October 30, 2024
Last year on this date, I commented about “investors being nervous this time of year” on the U.S. stock market indices. So as a filler nearly exactly one-year later, I figured I would do the same. The DOW and NASDAQ above on October 29, 2024 are WAY UP from 2023 and Chevron ($CVX) below is […]
RichC | September 18, 2024
Investors and traders on Wall Street started today in a pensive mood as all impatiently waited for the much telegraphed “first rate cut since 2020.” Market journalists debated if Chairman Powell and the Federal Reserve board members would see the slowing economy as a sign that their tightening polices had stifled inflation enough to managed […]
RichC | August 11, 2024
Investors who bought US Treasury iBonds when inflation was raging may see the lower May 2024 rate reduction as no longer attractive; the rate is currently 4.28% (it adjusts every 6 months). The interest rate has steadily fallen as month to month inflation has eased from its high and investors may be able to find […]
RichC | August 7, 2024
It is nice to interupt the depressing “beat of war drums” in the MiddleEast, the economic and investing news … and ugly election campaign season with a little Farmers Almanac extended long range forecasting. 😊 Looking at September as a whole, we foresee near- to above-average temperatures across the Northeast and Mid-Atlantic. Below-average temperatures are […]
RichC | August 6, 2024
As an amateur market follower, I have watched economic indicators that signal boom and bust cycles for years. One of the more insightful signals is the spread between treasury yields (inverted yield curve) … especially the 10 and 2 year treasuries. An inversion has been a good indicator of a recession … as posted a […]
RichC | July 25, 2024
The indices took a dive on Wall Street on Wednesday as the Magnificent Seven tech stocks that have lead the stock market recently, sold off after Alphabet $GOOGL(parent of Google) and Tesla $TSLA disappointed with earnings. As a WSJ live post put it, “the thrashing wiped out hundreds of billions of dollars in market value […]
RichC | July 11, 2024
Those of us following the stock market and managing investments can’t help but smile at the strong U.S. financial markets on Wednesday and so far this summer. For some who “sell in May and go away” (as the idiom goes) … they are are not smiling quite as much. As a long term value investor, […]
RichC | May 19, 2024
It is time to face the inevitable that working later in life is not a reality for most people. As I commented on a Barron’s article last week, you “better have a Plan B or even a Plan C” in case there is a health concern that prevent working later in life. From personal experience, […]
RichC | May 15, 2024
U.S. inflation eased slightly in April, with a key measure of price pressures slowing to its lowest level since spring 2021. The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food […]
RichC | April 13, 2024
Iran has threatened to retaliate for an attack in Damascus, Syria, that Tehran said was an Israeli airstrike on a diplomatic building. The strike killed several top Iranian military officials, including a senior member of the Islamic Revolutionary Guard Corps’ elite Quds Force. According to the WSJ on Friday, “the U.S. rushed warships into position […]
RichC | October 28, 2023
What is there about October that upsets people and financial markets? For nearly a century investors get nervous this time of year. Unfortunately watching the market as closely as I do, one would think I would have sold stocks at the first sign of trouble in October. Nope, I expected better from a few of […]
RichC | October 19, 2023
Those who are elected (or strong-armed their way to power) are failing miserably at keeping peace in our world as we teeter on the edge of yet another war. No matter how advance we think we are, human beings are unable to get along with each other. Stock Market Indices market close 10/18/2023 Stock market […]
RichC | September 8, 2023
One of my social media contacts who knows that I’ve been using computers to monitor investments and trade for decades heard me mention that I switched to a tiny MacBook Air M2 from a 27” PC display (iMac with a second Thunderbolt Apple display running Windows 10 on Parallels). He asked how it was possible […]
RichC | July 15, 2023
My financial and investment musings have been few and far between lately, but while reading Barron’s Magazine article this past week, it reminded me that we investors often can look to history for insight. If you don’t want to read it, try listening to it — Audio ElevenLabs. ElevenLabs AI reading this content – […]
RichC | July 5, 2023
For investors and retirees desiring an income stream from their investments, Closed-End Funds can be pretty attractive. That said, there are advantages and disadvantages … with some help from ChatGPT. 😉 Advantages of Closed-End Funds (CEFs): Market Pricing Efficiency: Unlike open-end mutual funds, CEFs trade on stock exchanges, allowing their shares to be bought and […]
RichC | April 12, 2023
Guess when this Fed news came out? High inflation and tight labor markets led Federal Reserve officials to signal they could raise interest rates at their next meeting despite a higher likelihood the economy would enter a recession later this year. Fed officials considered skipping a rate increase at their meeting last month but concluded […]
RichC | March 9, 2023
It has been a quandary for years. Do you value Tesla like a car company or a fast-growing technology company? This past weekend Barron’s Magazine included an interesting article by Jack Hough after Tesla’s “investor day” and subsequent stock price drop. Tesla is trading “more like just another car maker,” wrote Bespoke Investment Group this past […]
RichC | March 2, 2023
A chip company I’ve watched and traded up and down over the last few years has been Marvell Technology Group ($MRVL) and achieving consistency quarter to quarter and year to year is a challenge. With the economies around the world stressed with higher inflation and the tightening from central banks, meeting earnings estimates is becoming […]
RichC | February 25, 2023
Jack Hough is a favorite Barron’s Magazine writer and #streetwise podcast host wrote “another” interesting investing article and interview this week: U.S. stocks have entered the “death zone,” a top Wall Street strategist wrote this past week. I detected a bearish undertone. The phrase is used by mountaineers to describe heights where humans can’t live […]
RichC | January 8, 2023
For the past few years, I’ve enjoyed reading the often contrarian thoughts from Forbes contributor, Brett Owens. He writes and contributes investment advice in several publications, newsletters and columns. He co-authored an excellent book too! 2023 Rule #1: Don’t fight the Fed. Print this rule out and tape it next to your computer. Or the […]
RichC | December 31, 2022
If you were filling your tank, paying to keep the lights on or buying groceries (or shopping for nearly everything) … 2022 has been a struggle. If you were saving for college or retirement, it was also very painful. Will 2023 be a continuation or a painful recession … or is there a chance inflation […]
RichC | December 27, 2022
How many of us who have been trading stocks and investing for decades have ignored the wise advice about buying a stock as it drops? Chart watchers, and maybe investors who have favorite companies, often listen to the conflicting thought from brokers, financial advisors and TV talking heads. We ignore the lessons from our past […]
RichC | November 17, 2022
In Barron’s Magazine (11/10/2022), there was an excellent article by Karen Hube on “How to Use This Year’s Market Tumble to Reduce Your Tax Bill.” The read is helpful for those contemplating a way to use their losses to offset what they may have sold … or using the “market tumble” as a way to book […]
RichC | November 12, 2022
Well … the hopeful political “red wave” did not happen (at least from a conservative perspective). If we are to be generous, it could be viewed as a “small ripple” … but the results of the election as of this post are not fully counted even yet. Does that seem odd in our evolved and […]
RichC | October 29, 2022
My friend Jeff and I enjoy discussing and debating nearly every topic under the sun, but few subjects have held our attention over the decades like the impact of technology on society, geopolitics and how changing governments handle or don’t handle the demographics shifts. I tend to look at it from the perspective of an […]
RichC | September 4, 2022
Having recently read an article about Dr. Doom and “his pinnacle of influence” on August 17th, 1982, I’m adding Henry Kaufman’s book “The Day the Markets Roared” to my Amazon Kindle “want to read” list. Obviously since it is a look back on financial market history, it is not all that crucial that I read […]
RichC | August 26, 2022
It was an ugly day on Wall Street as investors reacted to comments from Fed Chairman Jerome Powell who indicated “that the Federal Reserve must continue to raise rates” and “hold them at a higher level until they are confident inflation is under control.” Some economists highlighted in Barron’s Magazine last week, have suggested that […]
RichC | July 10, 2022
While I personally have not worked the numbers, a May 2022 Barron’s Advisor column on retirement offered an enlightening look on “where” to live; it can be eye-opening! Low income taxes aren’t everything. Many retirees who live in states with high taxes are eager to move to states with no income taxes, says Rhian Horgan, […]
RichC | June 25, 2022
It is stomach-churning to follow the often heard “hold tight” and “stick with the plan” advice often given by financial advisors. If you are currently retired and living off of a fix-income and nest egg, or are trying to prepare for retirement, you are likely worried about times like these. Advisors tell you not to […]
RichC | June 11, 2022
CPI up 8.6% driven by a 35% jump in energy prices and 12% increase in groceries This is what a “sea of red” looks like for investors and stock market traders … and I can only imagine the “red” those living on a fixed income or families struggling to make ends meet must be seeing? […]
RichC | May 13, 2022
FoxBusiness/WSJ graphic For the good or bad, whenever I’m away from my daily routine, it seems like the financial markets lose stability and investors go into crisis mode? The past couple of weeks, those invested in stocks, bonds and crypto know that it has been painful; there have been very few refuges from the sharp […]
RichC | April 26, 2022
The financial markets have been following the Federal Reserves messaging regarding tightening their easy money policies and has been selling off the last few days. The more aggressive, but late stance to slow inflation is one needed piece of the puzzle … although also heights concerns over slow growth or even a recession. That news […]
RichC | February 13, 2022
We’ve never been all that timely in getting Christmas decorations put away after the holidays, but this year we … and by “we” I mean Brenda … has been slower than usual. To be fair, most everything has been packed and put away, but there are a few stragglers still around our house. I’m not […]
RichC | November 5, 2021
Although I’m not an all-in cryptocurrency buyer, trader or investor (pick your poison), I do own and am accumulating small amounts of different crypto. After a fair amount of reading this past year, my conclusion is to use a reputable cryptocurrency exchange like Coinbase Pro, Coinbase (disclosure: I own $COIN stock), Uphold or Interactive Brokers […]
RichC | October 23, 2021
It is probably inevitable that we will all be using cryptocurrency someday. The early adopters are already immersed and getting comfortable investing and trading it … perhaps too comfortable??? Risks of Leaving Cryptocurrency in Exchange A brief look at the history of Bitcoin and cryptocurrencies reveals why it is dangerous to leave your crypto funds […]
RichC | October 16, 2021
A friend contemplating rolling over his 401K to an IRA asked me a bond investing question the other day as he would like to balance his portfolio of stocks by adding some bonds after the rollover. Since he has never owned a bond (outside of a managed fund), the question was, “what’s the impact of […]
RichC | October 12, 2021
For most investors, the normal criticism is that they are not diversified enough … or at least they often own too much of one sector or one stock (happened in the old days when companies often matched or did a partial match in company stock). I’ve tried to keep “diversity” in mind over my lifetime […]
RichC | September 3, 2021
A friend asked me the other day, “what are you going to do if inflation becomes a bigger problem than it is already?” Good question … the canned answer (safe answer) is to be diversified. The reality is far more challenging. There was a day when the first reply was to own hard assets like […]
RichC | August 20, 2021
Most aging entrepreneurs and investors can “in hindsight” spot their mistakes and missed opportunities, but with age and experience, also comes wisdom. The pace of change is rapidly accelerating and decisions seem to be made much faster and happen quicker nowadays’; I suspect even millennials are learning this faster? As a more cautious trader and […]
RichC | August 15, 2021
For decades now I’ve had a fairly positive relationship with both business (CPP) and personal banking … and particularly with local banks. I grumbled the 1990s when multiple bank mergers forced out the manager I worked with in NE Ohio. He knew me by name and often pulled me aside to see if there was anything […]
RichC | August 14, 2021
The older I get, the less investment risk I’m comfortable taking. Perhaps it is not the age thing, but having experienced stock market gyrations and what happens to our investments? For those of us in small business or in the gig economy, and increasingly for those who move from company to company, we are our […]
RichC | August 8, 2021
Dennis Gartman comments on cryptocurrency (August 3, 2021) and whether or not he is investing in a “Tinker Bell effect” asset. The 3-minute segment with Dagen McDowell was on the Fox Business program “Mornings with Maria.” Dennis Gartman on Crypto – 3-min | 8/3/2021 Dennis Gartman has been directly involved in the Capital […]
RichC | July 19, 2021
If you are an investor or long term education and retirement saver, you’re feeling the pain today as the coronavirus Delta variant spread could impact the economic recovery. U.S. stocks, oil prices and government bond yields slid Monday as anxiety mounted over the spread of the Delta coronavirus variant and its potential impact on the […]
RichC | July 17, 2021
Slow progress on my home office as I continue to work in disarray; I am missing my accessory junk … including a small hanging TV. I don’t necessarily “watch” business television, instead listen to the stream via SiriusXM to my Aftershokz Aeropex headset. Occasionally though, do still find it helpful to have a video image […]
RichC | July 1, 2021
While reading one of my favorite investment strategist, Brett Owens wrote a REIT and CEF-focused Contrarian Outlook newsletter and occasional webinars that I enjoy. He commented tongue-in-cheek … that “we dividend investors really only need three things:” Hm, how hard can that be? Brett partnered with Tom Jacobs a few years ago to write […]
RichC | June 23, 2021
Although I’m likely tainted in having lived through a period where inflation was real and uncontrolled, I do worry that people living today either ignore or downplay the negative impact inflation, stagflation or worse … hyperinflation … can make on our country. For those who know me, I’ve likely been the “boy who calls wolf” […]
RichC | June 9, 2021
When it comes to investing, I’m primarily a “value investor” who relies on fundamentals, but as for “trading,” which I have tinkered with for 30 years now, I’m an advocate self imposed rules and focusing on channel trading. Of course there are zillions of gurus boasting how they have perfected buy and sell signals, I […]
RichC | June 6, 2021
For years now … no, it is now decades … my buddy Jeff and I have gone out for lunch ever other week and almost exclusively to a Mexican restaurant … primarily for the chips and salsa (and relaxed conversation). Before that, we lived in different cities (he in Florida and then Alabama … and […]
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 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 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 | 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 | 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 24, 2020
As a start up, doing business with big company in order to boost sales and visibility can be a great way to grow a business. Unfortunately it can also be cut-throat and the smaller companies can and are taken advantage of. It is not new, but but in the fast-paced and highly competitive technology world, […]
RichC | June 17, 2020
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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 […]