The way I see it Harry Potter has a big problem. And it’s not Voldemort. He’s got all that gold sitting in Gringott’s, creating a gigantic overweight in his investment portfolio. If a vast new vein of the precious metal is discovered or he needs some Muggle cash quickly, he’s in big trouble. On the [...]
Stocks and bonds are good, but real wealth comes from owning property. Or so my father always claimed. Of course, he grew up on a cotton farm where the more land you had, the more cotton you could plant and the more money you could supposedly make. But some years the price of cottonseed and equipment repair [...]
Most of us average josephine investors couldn’t tell you the difference between a hot commodity and a coconut. Actually, TECHNICALLY a coconut is a commodity, although not exactly a hot one. No wonder it’s sometimes hard to know the difference. A commodity is simply a physical, interchangeable good that someone, somewhere wants to buy or sell. [...]
Back in the day (when I was young and single), a wise older woman decided to give me some of her hard-earned advice. Chatting at a cocktail party, she pulled me aside and whispered conspiratorially in my ear, ” Whatever else you do, honey – always buy your own jewelery.” Now I was never really [...]
It’s not the Age of Aquarius or the New Paradigm, it’s the New Normal. Investment pundits are declaring an end to double-digit growth in your investment portfolio, coupled with double-digit inflation in the future. And just when you were breathing a sigh of relief that the recession was over. What’s a middle-aged investor to do? [...]
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