Dalton — The stock market should pull back. It always does, by some magnitude. However, on the morning of Thursday, April 9, the Federal Reserve prescribed some good medicine, and the wounded stock market should heal even faster than we thought prior to this “whatever it takes” approach to propping up the economy. In response
We humans like a narrative, a story we can relate to, because it helps us make sense of things, and that makes us feel more comfortable. The fact that the stock market was up about 19% over the previous four months, based on very little improving fundamentals, set us up for a tumble.
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.
Dalton — Berkshire Hathaway, the multinational conglomerate headed by famed investor Warren Buffett, held its annual shareholder meeting this past weekend. It’s like Woodstock for investors of the Omaha, Nebraska-based company, drawing roughly 40,000 people to an arena—Buffett-stock, if you will. There were multiple hours of conversation, too much to detail for a short article, so
According to my colleagues, 44 percent see a recession hitting in 2020, and 32 percent in 2021. That’s two-thirds who think the U.S. will see a recession within the next two years. You can count me among them.