Friday, June 21, 2024

News and Ideas Worth Sharing

Allen Harris

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.

written articles

CAPITAL IDEAS: 2020 vision

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.

CAPITAL IDEAS: Investors have a lot to be thankful for

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.

CAPITAL IDEAS: OK, Boomer…

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.

CAPITAL IDEAS: Smarter than the average bear

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.

CAPITAL IDEAS: Politics, policies and stock prices

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...

CAPITAL IDEAS: Schoolin’ ya

Dalton -- A month ago I reported on Sen. Elizabeth Warren’s plan for Social Security. Without going into the detail of all the caveats...

CAPITAL IDEAS: Impeachy keen

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.

CAPITAL IDEAS: Cuts like a knife

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.”

CAPITAL IDEAS: Maybe you’ll get Social Security after all

Without changes, the Social Security Administration projects that its trust fund will be insolvent by 2035.

CAPITAL IDEAS: From Maestro’s lips

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.

CAPITAL IDEAS: Mortgage madness

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.

CAPITAL IDEAS: Jackson Holy Moly!

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.

CAPITAL IDEAS: What I did on my summer vacation

Dalton -- My bride, Stacey, and I spent last week in Lake George, New York. It’s become an annual pilgrimage of ours, which came...

CAPITAL IDEAS: Click here for $125

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.

CAPITAL IDEAS: Upside down you’re turning me

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...

CAPITAL IDEAS: Your husband has a kept woman

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.
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