A few items of note that outline how even the best of us make mistakes: Economist David Rosenberg points out if the 8 companies in the Dow Jones Industrial Average in April 2004 had remained in index, we would have had Dow 12,886! Since Warren Buffett invested in IBM, its revenues have declined for 19
“$3.17 is a bacon, egg and cheese biscuit. The market’s down this morning, so I think I’ll pass up the $3.17 and go for the $2.95.” ~The Oracle of Omaha talks about cutting back his spending at McDonald’s in the new trailer for “Becoming Warren Buffett” The documentary is due to premiere Jan. 30 on
According to a U.S. Census Bureau estimate, the oldest of the nation’s 75 million baby boomers cross the threshold to begin annual withdrawals from their tax-sheltered retirement accounts this month. Boomers hold roughly $10 trillion in tax-deferred savings accounts. Higher-earning parents, or those earning over $107,400 annually, will spend an astonishing $454,770 to raise a
The richest 1% of individuals in the world have a collective net worth that exceeds the collective net worth of the other 99% of people in the world, according to the latest study by Oxfam International. Stay Tuned, Disciplined & Patient! {TJM} Disclosure Please remember that past performance may not be indicative of future results.
The stock market is usually stronger for the first year after a Democratic president is sworn in. The median S&P 500 performance for both parties one year after inauguration is 7.6%. It’s -7% for Republican presidents, and 14.7% for Democratic presidents. The so-called Trump rally that took the major indexes to new highs after the