Category Archives: Investment

Heaven is not the day after tomorrow

During a recent conversation with fellow board members of a not-for-profit organization the topic of “unrealized” gains came up while reviewing financial statements. In discussing how this number (a big unrealized gain in 2016) was mostly irrelevant to our operating … Continue reading

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Don’t kid yourself

A note arrived from a long time Invest-Notes reader claiming bragging rights for having an IRA that did much better than the S&P 500 in 2016. His plan, he explained, was to begin spending more time “managing” his investments since … Continue reading

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Who are those guys?

Butch Cassidy and the Sundance Kid marveled (in the movie at least) at the tenacity of the paid posse of characters tracking them relentlessly for reward money. Perhaps an indication of the mind-set separating guys looking for a quick hit … Continue reading

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Got to be a mystic man

There is absolutely no evidence that reggae musician Peter Tosh was an equities enthusiast. Yet it is not impossible that he gave the subject some thought. This idea formed serendipitously after an event that occurred outside of my Invest-Notes bubble … Continue reading

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Bombs away, dream babies

Somewhere between Wonderland and Through the Looking-Glass, Alice called us all out when she confessed, “I give myself very good advice, but I very seldom follow it.” Which of us has not had to admit the same in the face … Continue reading

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Something to think about

When you finally make the transition from individual stocks and traditional mutual funds to exchange-traded funds (ETF) as the bulk of your investment portfolio, the next step is to start thinking about asset allocation. While it is perfectly reasonable to … Continue reading

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Back to Basics

In response to my musings on the Index of Revolutionary Potential, “Karcher’s college roommate” has asked what I plan on doing about it. Fair enough, Bruce. First, I’ll be making the maximum contribution to our IRAs in January. Rather than … Continue reading

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Is revolution in the air?

First, there’s a backstory to make it crystal clear that I have taken someone else’s idea as the basis for this commentary. Surprisingly, trying to explain who was actually responsible for the original book excerpt took the better part of … Continue reading

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Why bother?

After the last 72 hours, it might be worth taking a few minutes to reflect on why we should even bother to risk the hazards of equity markets – because it can be easy to come up with reasons not … Continue reading

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Skeletons walk where questions begin

“Avoid the unforced error, nail the basics and don’t take outsized risks” might be the best advice the individual investor can follow. An often-underestimated influence on equity and bond markets is the heavy hand of luck. Frankly, you can do … Continue reading

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