Manic Market

Dear Mr. Market:51Xur1KZWKL

For some of our newer readers it might serve us well to remind everyone of who you are and what this “Mr. Market” character is all about. If you haven’t read Benjamin Graham’s book, The Intelligent Investor, you need to. Even though it was written in 1949, much of what Graham wrote is still applicable today and it’s simply one of the best books on the stock market ever written. Warren Buffett himself loves the book and says that it changed his life. Here’s a summary from Buffett and his description of our very own “Mr. Market”: Continue reading

Why buy Gold and Why Now?

Dear Mr. Market:download

We have commented many times on how people have short memories. In the case of recent stock market behavior, however, there is no way one could forget what a ride we’ve all been on. Our job today is not to draw attention to the very obvious past but to one area of the market that is not always directly connected to stocks or bonds.

Do you have gold in your portfolio and if so, should you buy more, hold on to what you have, or dump it? Continue reading

Should I convert my IRA to a Roth IRA?

Dear Mr. Market:download-2

With regard to investing, sometimes no action is the proper action…but not always!

Now might be a very good time for a very specific act: converting assets from a traditional IRA to a Roth IRA. Here a few reasons why: Continue reading