Fee-Only Financial Planning in North Carolina

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Monthly Archives: March 2008

When to buy

We have seen precipitous drops in many stock markets. For those that have parked some of their assets waiting for a stock market correction, we may find ourselves wondering when to get back in. We recall the US markets in 2000-2002 when it seemed like the NASDAQ would not stop dropping.   We know market timing is a black art that no one masters. […] Read the rest of this entry »

Credit Ratings Agencies

James Carville was a Bill Clinton campaign strategist. He was once quoted as saying (to paraphrase) he wanted to return in a second life as the Bond Market because you could intimidate everybody. I’d like to trump that by saying I want to come back as a ratings agency. Here’s why…                   Ratings agencies make astounding amounts of income by providing opinions on […] Read the rest of this entry »

The 2008 Federal Budget Fallacy

The White House unveiled it’s 2008 budget recently. It predicts a deficit of $410B. That is the amount the federal government will spend in excess of what it receives –in just 1 year. To put that into context, it is about 3.2% of our GDP, which is larger than most country’s GDP altogether.                        Here is why the $410B projected budget deficit is fallacy… Assumed […] Read the rest of this entry »