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.
Having taught, lectured and broadcasted for almost 40 years, it never fails to amaze me how Wall Street, Mainstream Media and Financial Advisers in general continue to misinform the average citizen about the power of cash.
I am not sure if Vegas learned from Wall Street or if it was the other way around. Regardless, both are skilled in the art of keeping you in the game, at the tables, for as long as it takes for you to lose all your money.
These are random thoughts from a man on the street the day after the DOWs largest roundtrip ever.
Selected excerpts from the DIARY OF A MILLENNIAL
It is always easy to look back in the investment world and see what could have been done and what should have been done. Hindsight is always 20/20.
The most recent announcement in Oakland, California has once again demonstrated, perhaps, one of the most dangerous investments anyone can have in their portfolio.
The Bretton Woods system, which emerged after WWII and lasted until the early 70s, had as one of its basic principles Capital Controls. However, after the decade of the 70s the pendulum shifted to a more free-market thinking and Capital Controls were relegated to the back burner.
When the Governor of Puerto Rico, Garcia Padilla said This is not politics, this is math it should have been a wake-up call for all holders of municipal bonds to take their heads out of the sand or wherever they have them stuck and cash in quickly.
Having heard, then newly elected, President Barack Obama proclaim that we were a nation which should and will live within its means, I sat back to watch exactly what he meant.
The cornerstone of economics has been and always will be the law of supply and demand.
In hockey, the big three is called the hat trick. In basketball, a triple double. In the world of finance they just say Federal Reserve, IMF and the World Bank. When you have those on your resume' you are certain to receive attention when you speak.
In 1930, the Smoot-Hawley Act raised tariffs on over 20,000 imported goods.
This is just a sampling of the majority of themes that college graduates had to endure during their recent commencement exercises. With cap, tassel and speech in hand a US Senator, Corporate Baron and even a Hollywood Centerpiece took to the podium to impart words of wisdom to the Class of 2015.
I was taught by my parents and I tried to instill in my children the concept of always trying to do your best.
Every parent will point their finger at every other kid as the problem because their own is, of course, special and unlike their peers.
Having been besieged lately by brokers who say they have the investment (stock) of a lifetime, I find myself retreating from the onslaught. I somehow get the feeling that it is December 1999 or late 2007 and the next move could be a decisive one and bad for me.
History is filled with third parties. Unsuccessful candidates for President represented The Free Soil, Socialist, Prohibition, Bull Moose, Constitution, Libertarian and Green, just to name a few.
Most people when asked about their understanding of economics will appear to have a glaze that spreads over their eyes. Such things as the Theory of Income Determination, Price Functioning, Interest and Capital and The Theory of Growth are as alien to most as an African speaking Swahili.
A young extreme liberal (are there any other kind?) decided to have a go at me on his syndicated radio show.
By John Neville Kerry and Hassan Adolf Rouhani