I was recently diagnosed with Chronic Myeloid Leukemia (CML). There are good and bad parts of CML. Good Treatable with a daily pill called a TKI. It’s not quite chemotherapy, but it’s pretty powerful stuff. TKI’s were discovered in 2001. Before TKI’s the prognosis was not very good for CML. I can still do some of… [Read More] You’ll Be Alright
Commentary
January 30, 2018 Market Comment
As I’m writing this post, the Dow Jones is down 300 points. Yesterday, January 29th, the Dow was down 177 points. Let’s keep this all in perspective. Our friends at Dorsey Wright & Associates remind us the market typically generates a 5% pullback between three and four times a year on average, and the market… [Read More] January 30, 2018 Market Comment
This Needs to Change
I recently passed my Series 65 to become an IAR, Investment Adviser Representative. When taking the practice exams it was sometimes difficult to separate what I thought was the best answer and what was the right answer for the exam. This became very clear in the questions dealing with Client Investment Recommendations and Strategies. The… [Read More] This Needs to Change
Increasing Fiduciary Awareness
There has been an ongoing debate about whether the Trump administration will repeal the Department of Labor rule implementing a fiduciary standard for all retirement accounts. Whether the new administration repeals the rule, waters it down or delays the start date; some damage has already been done. The Wall Street Journal recently published an article… [Read More] Increasing Fiduciary Awareness
Household Budgets for Beginners: Simple Tips for Success
Over at Get Rich Slowly, Franziska Castillo tackles a hot topic: Household Budgets! The first step to making a household budget is understanding your monthly expenses. These days, there are many apps available to help you track your expenditures. Once this is understood you can set up a realistic budget. And, another key part of… [Read More] Household Budgets for Beginners: Simple Tips for Success
Social Security Inflation Adjustments (COLA and Wage Indexing)
Mike Piper, over at Oblivious Investor, discussed Social Security and Inflation Adjustments recently. Mike wrote that inflation-related adjustments to security come in two forms: one based on earnings history and the other based on retirement or disability benefits. When indexing your monthly earnings history, the indexing is based on wage inflation. Cost of Living Adjustment… [Read More] Social Security Inflation Adjustments (COLA and Wage Indexing)