We have an almost incomprehensible amount of information at our fingertips. Making use of that information is another thing entirely. In personal finance, like many other aspects of life, asking the right question is the essential element in decision making.
Faith and hope can take many forms. Belief in “big data” makes it easy to think that if you have enough hard data, the truth will emerge. We see this regularly when people expect there to be a simple, technical answer to how much money they need to retire.
Annually in January market predictions for the future abound. Reading the news in January is thus an exercise in incredulity – about the certainty the prognosticators declare about an inherently uncertain future.
Investing, like many aspects of our lives in 2017, has become global. The world has shrunk in ways that Ferdinand Magellan could never have imagined.
Since the Trump presidency began, we have watched the words out of Washington, DC with anxiety and rapt attention as well. There the gridlock is of a different sort. Both the House and Senate will (likely) be in recess for the month of August, but political infighting has prevented Republican lawmakers from moving forward with any sort of legislative agenda…