Category: Asset Allocation

The IRS estimates they brought in roughly $3.6 trillion in taxes for fiscal year 2020. The bulk of that money comes from income and payroll taxes. Here is the breakdown from the Budget of the U.S. Government: This $3.6 trillion number is estimated to reach $5 trillion by 2025 and more than $6.2 trillion by the end of the decade. These are obviously big numbers but the Covid crisis is putting them into perspective in term...

The post If We Can Print Our Own Money Why Do We Have to Pay Taxes? appeared first on A Wealth of Common Sense.

Next week could be really ugly as earnings season start. I have liquidated a large part of my portfolio. Let’s see what happens. It’s year 2000 all over

Next week could be really ugly as earnings season start. I have liquidated a large part of my portfolio. Let’s see what happens. It’s year 2000 all over

As FDR prepared to run for his third term as US President, a vocal group of Americans were advocating for the candidacy of Charles Lindbergh, the stunt flyer who had rather pro-Nazi views. Lindbergh...

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Trump says he’s not ‘even thinking’ about a ‘Phase 2’ trade deal with China from CNBC. ...

The post Clip From Today’s Halftime Report appeared first on The Reformed Broker.

This fall is going to be weird. There are a lot of people that want school to happen but there’s no way it occurs under normal conditions. If it’s all in-person there will likely be outbreaks that make it a disjointed process. And if it’s fully or partially online it will make life more challenging for young people and families alike. This week Harvard announced they will be bringing up to 40% of underg...

The post What Should College Students Do This Fall? appeared first on A Wealth of Common Sense.

Emerging market stocks are up 16% since the beginning of June, versus a 5% rally for Europe and just 3% for the S&P 500. It’s a very short time frame and not particularly meaningful for most investors, but could it be the start of something larger? China, Japan and most European countries have handled their pandemic responses better than the US federal government. Their economies are mostly reopened while our ...

The post Whats Poppin appeared first on The Reformed Broker.

Emerging market stocks are up 16% since the beginning of June, versus a 5% rally for Europe and just 3% for the S&P 500. It’s a very short time frame and not particularly meaningful for most investors, but could it be the start of something larger? China, Japan and most European countries have handled their pandemic responses better than the US federal government. Their economies are mostly reopened while our ...

The post Whats Poppin appeared first on The Reformed Broker.

Linked here is a detailed quantitative analysis of Verizon Communications Inc. (VZ). Below are some highlights from the above linked analysis: Company Description: Verizon Communications Inc. is the largest U.S. wireless carrier, Verizon also offers wireline and broadband services primarily in the northeastern U.S. Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair

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Who are you talking to? I’ve been thinking a lot about “audience” these days. Who am I talking to? Who do I want to be talking to? It’s probably the first question you should be asking yourself before expending any time or energy on a particular project or service or product. I’ve been careless about the question of audience over the years. Like most people, my initial assumption had always b...

The post Who are you talking to? appeared first on The Reformed Broker.