At the beginning of the year, the overwhelming consensus of financial experts was there would be a recession in 2023. Surely, in such a scenario, the stock market would be down for the year. No such recession occurred, and, as 2023 nears its end, markets are near all-time highs. The fact that the experts were […]
General
Retirement Account Limits Going Up in 2023!
Inflation in 2022 has been the highest since the early 1980s. In general, this is bad news as the cost of everything goes up. One rare silver lining is that contribution limits for 401(k)s and IRAs is linked to inflation. This means that contribution limits are increasing substantially in 2023. The table below shows some […]
I’ll Buy More When the Market Goes Down, Except When it Goes Down
2022 has been a challenging year for investing, with the longest bear market since 2008. The Fed seems serious about controlling inflation, and higher interest rates are seldom good for stock performance. When the market peaked at the end of 2021, many investors were eager to invest more. At that time, if you asked investors […]
Twenty Years
Twenty years ago, I was living in San Jose, California where I worked for a tech company. I remember waking up on the morning of 9/11 and turning on CNBC a little after 7 am Pacific time. The image of one of the Twin Towers was on the screen. I thought it was strange that […]
Investing Lessons Learned in 2020
2020 was a crazy year for investment markets. Covid was the first worldwide pandemic since the Spanish Flu over 100 years before. Markets were slow to react to the initial news about Covid, but once it became apparent that it would become a worldwide pandemic, markets reacted violently in late February and most of March. […]