Mention “housing market” and people’s shoulders sag. Thoughts turn to foreclosures and shrunken equity. Nothing good is foreseen, just expectations of more foreclosures, adding to the already over-saturated market. And now the Federal Reserve is stepping away from buying mortgage securities, even as the media reports banks are unwilling to lend. However, in spite... »
Continuing on with what I believe to be the frame of mind needed for this economy and market environment, let’s focus on five years out. This is a good time period for thinking about investing. It’s long enough to get beyond current uncertainties and volatility, but not so long as to be unfathomable. »
Yesterday I explained the two aspects of a frame of mind that I believe will produce good investment results: (1) an expectation that historical beliefs and culture will continue to drive American life and (2) a focus on the future. Here is what those combined aspects give us… »
Whew! Predictions, forecasts and top pick lists everywhere. Put them all together, and we have a mixed bag of prognostications. So, who is right? There is no way to know which investment advice will pay off. After all, the future is uncertain, so tomorrow cannot be predicted accurately. The solution? With this economic and... »
