Allen Harris is the founder, CEO and CIO of Berkshire Money Management based in Dalton, Massachusetts. He is a Certified Exit Planner, Certified Value Builder and Certified Business Valuation Specialist, and specializes in working with business owners intending to accelerate their growth and/or transition. Harris is also the author of ‘Build It, Sell It, Profit: Taking Care of Business Today to Get Top Dollar When You Retire,’ publishes the Berkshire Business Confidence Index, and hosts the BMM Business Roundtable.
He built and sold his previous business, the Navigator Newsletters Group, a financial publication with 16,000 paid subscribers (one of the five largest of its era).
Beyond his professional work, Harris is passionate about the well-being of animals. He is an avid supporter of spay and neuter efforts and animal rescue. Additionally, he is a strong advocate for both economic revitalization and the arts in the Berkshires, including First Fridays Artswalk, Shakespeare in the Park, Alchemy Initiative, Tanglewood, Jacob’s Pillow and other nonprofit organizations.
Wednesday, 15 Jan 2020 - My concern is that the Fed will begin to gain comfort in the functioning of short-term interest rates, then decide to reduce the balance sheet just before a shock coincides with less liquidity and super-high stock valuations.
Wednesday, 8 Jan 2020 - The U.S. produces about 13 million barrels per day and consumes 21 million, so higher oil prices could depress economic growth. But I’m not worried about that yet.
Wednesday, 1 Jan 2020 - Although I don’t like it, the SECURE Act did get bipartisan support, passing in the House of Representatives in July with a 417-3 vote.
Wednesday, 25 Dec 2019 - Maybe an average-ish return, to you, is like getting gym socks in your stocking. But it’s better than losing your shirt.
Wednesday, 18 Dec 2019 - Anxious as I may be, I know that I must be flexible in my thinking, and data is more important than fear.
Wednesday, 11 Dec 2019 - The market is going to move slower or faster toward fair value for a whole host of reasons, and to think it’ll get there on some exact day is just dumb.
Wednesday, 27 Nov 2019 - Not that we can ever rely on one indicator, but those historical instances of outperformance suggest that we haven’t yet seen too much of a good thing.
Wednesday, 20 Nov 2019 - I’m not going to deter anybody from getting invested to fund their retirement, but I will try to steer you away from using rules of thumb that are likely to be contrary to your ultimate goal of living your best possible retirement.
Wednesday, 13 Nov 2019 - Overconfidence leads investors to believe that they will be one of the few who succeed. It turns out that people who trade the most, presumably due to misplaced confidence, produce the lowest returns.
Wednesday, 30 Oct 2019 - Dalton — Volatility in the stock market has become subdued over the last few weeks as U.S.-China trade talks have turned more positive. On Monday, Oct. 28, the S&P 500 stock market index went above its July 2019 all-time highs after even more positive news about U.S.-China relations was announced on the previous Friday. I’ll […]
Wednesday, 23 Oct 2019 - Dalton — A month ago I reported on Sen. Elizabeth Warren’s plan for Social Security. Without going into the detail of all the caveats and admissions of my political persuasion (I am an independent) or as to why it’s important to you (Democratic primaries will start as early as four months from now: March 2020 […]
Wednesday, 9 Oct 2019 - Our shift from growth to value throughout last year has been small in magnitude and snail-slow. We didn’t want to get too defensive and lose out on the upside, and value stocks allow for the possibility of participating on the upside.
Wednesday, 2 Oct 2019 - Only three U.S. presidents have faced impeachment proceedings. It makes it hard for me to use impeachment threats or proceedings as a tool to determine where U.S. stocks will go.
Tuesday, 24 Sep 2019 - Some Fed officials want another cut this year, and others could be convinced to do so if the economic data weakens. The Fed has continued to repeat the line that any decision made — cut, stay or hike — will be “data dependent.”
Wednesday, 18 Sep 2019 - Without changes, the Social Security Administration projects that its trust fund will be insolvent by 2035.
Wednesday, 11 Sep 2019 - When it comes to the movement of stock prices and how those prices reflect fundamental data, good vs. bad is largely irrelevant. What matters is not good vs. bad, but better vs. worse.
Wednesday, 4 Sep 2019 - Where the economy might go from here is another conversation, but we do know that defaults on existing debt are relatively tame, meaning that consumers are not yet feeling overwhelmed.
Wednesday, 28 Aug 2019 - The chairman appeared to be sending a message to the White House that its trade war is pushing the U.S. toward a recession, and that the Fed may not have the tools to bail us out if that happens.
Wednesday, 21 Aug 2019 - Dalton — Growing up in the Berkshires, I could tell if a certain generation lived in the area at a certain time period by the way they referred to General Electric as “The GE.” For more than 20 years, because of my profession, local folks have asked me where “the GE” is going — should […]
Wednesday, 14 Aug 2019 - Dalton — My bride, Stacey, and I spent last week in Lake George, New York. It’s become an annual pilgrimage of ours, which came to be because my parents would bring the family there every summer since as far back as I can remember. We’ve been there enough times that the area is easy to […]
Wednesday, 31 Jul 2019 - If they do cut rates this afternoon, I’m growing convinced that the Fed will be one-and-done, and there will be an extended pause before we see any new action.
Wednesday, 24 Jul 2019 - Dalton — Last Thursday, July 18, the yield curve (the spread between yields on 10-year and three-month U.S. Treasuries) turned un-inverted for the first time since May 23 and ended a 40-day streak at inverted levels. As a refresher, an inverted yield curve is an interest rate environment in which long-term debt has a lower […]
Wednesday, 17 Jul 2019 - Let’s face it: Most financial advisors are old white dudes like me, and old white dudes often don’t like to falter from traditional gender roles.
Wednesday, 10 Jul 2019 - According to the Employee Benefit Research Institute, currently 67% of workers are “very” or “somewhat” confident that they’ll be able to live comfortably in retirement. ... Their optimism is probably misguided, but I’m happy for them. Ignorance, as they say, is bliss.
Wednesday, 3 Jul 2019 - I say that we financial advisors are “supposed” to be smarter, but I’m not sure how true that is.
Wednesday, 26 Jun 2019 - The next six months may finally give you the returns you were hoping for. But depending on your level of expectations, I doubt it.
Wednesday, 19 Jun 2019 - After this week’s meeting, the real conversation begins: Will there be a Fed cut in July? In September?
Wednesday, 12 Jun 2019 - The Bank of Mom and Dad, I bet, is not a new concept to you. But what might be less familiar to you is the Bank of Junior, which has an obligation to pay the cost of elder care for aging parents.
Wednesday, 5 Jun 2019 - Do you know who gets the worst returns in the stock market? People who buy something because it’s gone up in price and sell something because it’s gone down in price. Time and time again, following the crowd has proven to be the stupidest thing in the world of investing.
Wednesday, 29 May 2019 - It's very easy for me to tell you what to do at extremes: Do what feels the worst and go against the crowd. But we’re not at extremes now; indicators are mixed. So what to do now?
Wednesday, 22 May 2019 - Dalton — First off, there are no spoilers ahead for the season finale of Game of Thrones. I wrote this before it was aired. There are minor spoilers for the first season, but you should be fine. On Saturday evening (May 18),,I had the distinct pleasure of hosting a fundraiser at the Model Farm (a former […]
Wednesday, 15 May 2019 - The threat of more tariffs to be imposed by the U.S. just before talks were to begin was a dangerous game of diplomacy chicken, which didn’t end well as the Chinese said they were going to retaliate by raising tariffs on $60 billion of U.S. goods starting June 1.