I am sure by now everyone has seen or heard about the GameStop Mania. GameStop is a video game retailer that operates mostly in malls and the stock has been going up hundreds of percent a day. To understand what’s going on, let’s take a step back.
Previously, we made the case that time in the market is more important than timing the market. We talked about how investing at all-time highs doesn’t have to be losing proposition. The following video looks at what happens if you picked the absolute worst times to invest – how would that have turned out for…
J.P. Morgan put together the following chart that looks at the past 32 years in the stock market to show what it looks like to invest when the market is at all-time highs. It shows that investing at all-time highs does not necessarily mean you missed the market or that it must be a losing…
In 2009, following the Great Financial Crisis, the United States had the largest federal budget deficit since World War II at 9.8% of GDP. This year, we are going to beat that record by A LOT. Estimates from the Congressional Budget Office forecast this year’s budget deficit to be approximately 18% of GDP. These estimates…
With the election behind us, the prevailing thought is that it will be President Biden and a Republican Senate. The market has embraced a divided government and continues to do well. On a more important note, Monday morning, Pfizer announced a vaccine that is 90% effective. This is more effective than most experts had hoped…
Last week I included some thoughts from Morgan Housel. I wanted to do the same thing this week as I think this excerpt from his book is valuable to think about given our current environment. It can be very easy to have a negative attitude and let pessimism run wild especially in this politically charged…
I am currently reading The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel. The idea for the book came from a long form blog post written in 2018. I highly recommend the book. I wanted to share a few insights from the original blog post that I thought were worth…
Now that both the DNC and RNC have finished their conventions, we wanted to discuss the election once again. I have written two in depth articles talking about the election and potential implications. As is human nature, the questions and concerns have kept coming anyway. One of our research inputs Andrew Adams of Saut Strategy…
We have the matchup for the 2020 Election with Joe Biden selecting Kamala Harris as the Democratic nominee for Vice President. The emails and calls have kept coming in with regards to what we will do if one candidate or the other wins. I wrote a detailed email on June 29th discussing the historical performance…
An investor can buy the SPY Exchange Traded Fund (ETF) and get broad exposure to the 500 largest companies in the United States at a very low cost. State street offers the (SPY) with an expense ratio of 0.0945%. Vanguard offers the (VOO) for an expense ratio of 0.03%. Today, the top 5 companies in…