Grow Your Portfolio the Intelligent Way


Bow Down to the Dow

October 18, 2017

It is midday Wednesday, Oct. 18, and as I write this week’s e-letter, the Dow Jones Industrial Average has just hit another major milestone. This time it’s the 23,000 mark — a number that was almost unthinkable just nine years ago. Look below at a two-year chart of the Dow to see its remarkable resilience […]

Power and Hypocrisy in Tinsel Town and the Media

October 11, 2017

Growing up in Southern California, and doing my undergraduate work at the University of California, Los Angles (UCLA), I always have been surrounded by the entertainment industry. I have friends “in the business,” including actors, writers, directors and those in back-office production roles. The people I know in the industry either love their jobs or […]

What to Do in an Active-Shooter Situation

October 4, 2017

What to Do in An Active-Shooter Situation ETF Talk: Equal Weighting and Systematic Rebalancing Define This Fund What the Tax Cut Plan Means for Markets Orwell on Violence **************************************************************** What to Do in An Active-Shooter Situation Most of the time, this publication is devoted to how to protect and grow your wealth. Yet given we […]

What the Tax Cut Plan Means for Markets

September 27, 2017

What the Tax Cut Plan Means for Markets Question: What’s been the biggest driver of stocks since the election of Donald Trump as the 45th president? Answer: The hope of tax cuts. Today, that hope got a little bit closer to reality, as Republican congressional leaders unveiled their plan to reform the tax code. Long-time […]

It’s Just a Cleveland Indians Stock Market

September 20, 2017

If you’re into baseball, you almost certainly know about the remarkable run of consecutive wins that the Cleveland Indians just mounted. An incredible 22 straight victories; just four games shy of the century-long record of 26 consecutive wins held by the 1916 New York Giants. Now, I must admit I’m not a huge baseball fan, […]

Don’t Call the Government When the Levee Breaks

September 13, 2017

Don’t Call the Government When the Levee Breaks Natural disasters just plain suck. Mother Nature is a cruel matriarch, and she doesn’t much care about you, me, or any of the human structures we’ve erected to help combat her occasional wrath. Indeed, Mother Nature’s caprice and cruelty were on full display over the past couple […]

When Economic Illiterates Forget About Bastiat

September 6, 2017

If you’ve been watching the news on the devastating damage wrought by Hurricane Harvey (which is soon to begin all over again with Hurricane Irma), you might get the sense that the 500-year flood event will be one giant economic stimulus package for the country. Although Harvey is expected to be the costliest storm to […]

‘Harvey,’ Heroes and Market Bravery

August 30, 2017

I don’t like the name Harvey. And, after the events of the past week in Houston, I really don’t like the name Harvey. Ok, if your name is Harvey, I apologize. And hey, in the interest of fairness, I do like the actor Harvey Keitel, and the tire magnate Harvey S. Firestone, Jr. However, I […]

Markets, Tax Cuts, a Tale of Two Cities… and Politico?

August 23, 2017

The hope of tax reform. It’s what I’ve been telling you, as well as telling readers of my Successful Investing newsletter, has been the key to this market rally since November 9, 2016. That, of course, is the day after Donald Trump was elected president. And ever since then, markets have rocketed higher on the […]

Talk Doesn’t Cook Rice, But It Might Cook Markets

August 16, 2017

There’s a well-known Chinese proverb that says, “Talk doesn’t cook rice.” The warning here is a reminder that simply thinking about, planning and especially just talking about something won’t get what you want done. To really get something done, you must take action. While I agree with this sentiment, I also think it’s important to […]

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