Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at email@example.com and on Twitter @tatroshow.
Choices, fees, diversification, information and advice make today so much superior than 50 years ago. So we are led to believe. As one who has seen the development of the financial industry, up close and personal, over the past 50 years, I find those statements bogus and, quite frankly, B.S.
No one can argue the fact that corporate management and board room members made a decision to forego the traditional methods of investing in themselves.
In 1929 Banking was the epitome of co-mingling. Bank officials thought nothing of using their depositors money to speculate in the ever rising stock market. The day the bubble burst, October 29,1929, not only did investors lose what they thought they had in the market but also what they thought they had safely tucked away at the local bank.
In poker the big bet is made when the player says ALL IN. At that point if his hunch is correct, then smiles and congratulations are in order. However should someone elses cards be better, it is game over.
Back in 2002 and even before, when Eliot Spitzer, Attorney General of New York, was a rising political star it was frowned upon to say one thing publically and do just the opposite behind the scenes. At the time, Merrill Lynchs hot shot, high profile internet guru and analyst, Henry Blodgett, was being accused of touting to the public the worthiness of the high flying .com but privately, around the water cooler, dismissing them as GARBAGE.
Financial conditions in the United States have recently become less supportive of growth- and thus begins another memorable Humphrey-Hawkins testimony from the head of the Federal Reserve, Janet Yellen.
Founded on sound fiscal and budgetary measures, ensconced within the framework of the Constitution and a smattering of The Declaration, the Tea Party seems to have exhausted its shelf life. It has gone the way of a Ross Perot bumper sticker.
Once upon a time when I was a little tyke (believe it or not), I stopped believing in the Tooth Fairy (TF). However, I kept up the facade of belief since a lost baby tooth under the pillow converted to 25 cents in the morning.
Once again the elite meet and greet in Davos for their annual kum bi ya.
As most readers of this column are well aware, I have been a long time proponent of a heavy dosage of cash as the investment vehicle of choice.
When the clock struck 12am on January 1st another new year was entering history. Writers write, singers sing and financial pundits fill the airwaves, columns and blogs with what the average person should do to be investment successful in the year ahead.
Some say Tis the season to be Jolly. Others will say Remember the reason for the Season. Perry Como once sang I wish it could be Christmas forever.
I said quite awhile ago short oil, short the Euro, go long the Dollar, short equities.
Once upon a time people who looked to benefit from the stock market were called investors.
When gasoline dropped from $4 a gallon to $3 a gallon mainstream media, Wall Street economists and, of course, the White House proclaimed a boon for the American public.
Why wont people save for retirement? Obviously, according to mainstream media, especially the Financial News Networks and most liberals in general, the average folk dont have the tools to stash it away.
All eyes are focusing on the Presidential debates. Actually, more likely, the World Series and the Kardashians Fall Premier.
Its the political season and everyone wants to know what the next President can and will do for them. Unfortunately not one, even the Donald, is addressing the real culprit responsible for the financial hardship that so many millions are enduring and many more will in the days ahead.
Most are familiar with the Participation Rate as reported by the Bureau of Labor Statistics (BLS) and its continual decline. Much has been made, pro and con, about this number.