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Posts Tagged Tom Jacobs

the money man

the money man

March 23rd, 2017

Energy independence and unintended consequences

 

By TOM JACOBS

Even fracking’s most vehement opponents probably think it’s a good idea for the US to be independent of foreign oil. And fracking has led to that possibility at the door. But as desirable as “independence” sounds to a nation with our history, the consequences may or may not be …

the money man

the money man

February 23rd, 2017

A case of the market nerves

By TOM JACOBS

“The stock market is a device for transferring the money from the impatient to the patient.” – Warren Buffett

Lately, I often hear, “Oh, I don’t think this is a good time to get into the market.” Or, “President Trump makes me nervous. I don’t want to invest now.” …

the money man

the money man

February 9th, 2017

Ten steps to financial freedom: #6 to #10

By TOM JACOBS

And now, the thrilling conclusion of 10 Steps to Financial Freedom!

In the last episode, steps 1-5 set the stage:

Get out of debt – but smartly.
Put something away for a rainy day.
Have health insurance.
Own a home, but not expecting to make money.
Save for your children’s or your …

the money man

the money man

January 26th, 2017

Ten steps to financial freedom: #1 to #5

By TOM JACOBS

Unlike most aspects of life – love, marriage, children, and work – financial health is a straightforward flow chart. That’s a relief. Here are 10 steps to financial freedom. Freedom isn’t necessarily “riches,” but rather the ability to make more life decisions not solely for money …

the money man

the money man

January 12th, 2017

All that jitters might boost gold

By TOM JACOBS

The conventional wisdom holds that you should have roughly 5% of your investments in gold “just in case,” where that means political, economic or inflationary troubles. Gold is allegedly a safe haven during turmoil. It currently sells for $1,190 an ounce and has been very volatile in the …

the money man

the money man

December 21st, 2016

Friends don’t let friends pay high fees

By TOM JACOBS

Almost 70 years ago, Warren Buffett’s teacher, Benjamin Graham, wrote that anyone whose advisor charged more than 1% of AUM should look for another advisor. Many people do not heed this advice, letting Merrill Lynch, Wells Fargo, Morgan Stanley, Fidelity, Schwab and other investment advisors charge them …

the money man

the money man

December 8th, 2016

Pay up now or pay more later

By TOM JACOBS

Tease: The most important address in Marfa is not the Courthouse, City Hall, Bank, Food Pantry, county sheriff, fire department, EMS, Big Bend Sentinel or even the Lost Horse. It’s PO Box 660, Marfa, TX, 79843. No, it’s not my personal slush fund (rats), but it is …

the money man

the money man

November 23rd, 2016

Trump election boosts the markets, for now

By TOM JACOBS

Ka-boom! The stock market response to Trump’s election has been history-making. From market close on election day, the S&P 500 (SPY), Dow Jones Industrial Average (DIA) and Russell 2000 (IWM) indexes of stocks have reached new highs, with only the Nasdaq (NDAQ) lagging:

 

 

In under two weeks, the …

the money man

the money man

November 10th, 2016

The future lies ahead

By TOM JACOBS

As election returns came in Tuesday night, the CNN crawl trumpeted that “Dow futures are off 500 points.” A tablemate at the Hotel Saint George asked what that meant. After all, the U.S. markets were closed, so how could the Dow – the Dow Jones Industrial Average of 30 large …

the money man

the money man

October 27th, 2016

Wells Fargo falls off the wagon

By TOM JACOBS

Wells Fargo owes Donald Trump a lot, because as bad as the bank’s practice of opening sham accounts is, it’s not the lead headline when we find out that the Trumpet has treated yet another woman as if she were a strumpet. Both are horrific. Let’s make sure …

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