Weekly Market Update

The AdvisorShares Weekly Market Update is posted at Alpha Baskets and looks at the SOX Index, the GoPro IPO and the Tour de France. The wildly successful IPO of GoPro (NASDAQ:GPRO) is evidence of a willingness, or perhaps more correctly an eagerness to speculate. GPRO was up 50% in its first two days of trading. Please click through to read the...

June 30th

  Not a great picture (never thought I would need one) of Granite Mountain Hotshot Superintendent Eric Marsh at the 2011 Prescott Basin Ops Drill. Eric was Chairman of the group that put this on for several years, I have been the secretary of group since 2011. The Shrine at Station 7. The engine that is coincidentally going by was from Buckeye Fire. In the immediate aftermath of the tragedy Prescott had back-fill from departments all over the state. Station 7 was of course the home base of the Granite Mountain Crew. The memorial went almost completely around their station and parking lot. Behind the fence were all their POVs as you’ve probably read about but I didn’t take pictures of those. This picture is toward the back of the property where the station is located. The shovels struck a cord with me. Our department is Walker Fire, just below the ‘k’ in the word THANK. This will be with the Prescott fire community forever (and no doubt many other regional fire communities as well) which is difficult but I continue to believe that the task of fighting wildfires will become safer at an accelerating rate because of this incident and the actual work of wearing yourself out fighting a fire is just as fulfilling as it ever was and that is ok, just try to stay...

Why Do People Have Such Different Ideas About Retirement?

My latest for Alpha Baskets looks peoples’ divergent views on retirement (when, how, if). This is obviously a multi-faceted topic, or dilemma that everyone has to figure out at some point and of course sites like this one and many others devote a lot of time the topic as many people spend time studying, planning, calculating, dreaming and occasionally going back to the drawing board. From the post; This type of conversation is logical to have in a social setting (one was at dinner in San Diego and the other on the trail here in Walker) starting at some middle age. If you are in your 50’s or older and reading this then you probably know what I mean. Please click through to read the rest of the post.   The picture is from the ghost town of Lowell which is near downtown Bisbee,...

Gundlach on Gold & Currency Regimes

A couple of weeks ago Jeff Gundlach had some interesting things to say about gold and global reserve currencies. From the post; Also relevant to Gundlach is the history of global reserve currencies; currencies don’t keep that status very long and the US dollar is well within the time frame where something could change. Please click through to read the rest.   In honor of the College World Series which concluded last night. The picture is from 2007. If you are a sports fan, I would recommend going at least once, it is a great...

Self-Sufficiency and Resourcefulness Over Complaining

My latest post at Alpha Baskets is titled Self Sufficiency and Resourcefulness Over Complaining and looks at several articles that paint a good picture of the obstacles that people face saving for retirement including Helaine Olen’s article at Salon noting that 401ks are a sham. These types of woe is the world articles pop up all the time and it’s not that they are incorrect but they don’t move the conversation forward. If you’re 40 or 50 years old and feel as though you are way behind where you should be for whatever reason then an article confirming that saving for retirement is impossible won’t help and might make it worse if it creates the sentiment that no one is saving for retirement so I won’t bother trying. From the post; As far as the industry blaming individuals for not saving enough, I won’t disagree with her necessarily but would say, as I have many times before, that savings rate is the thing most within individuals’ control. They have more control over lifestyle choices than they do over market returns and 401k fees. Yes, people may not have control over certain lifestyle choices but you do have a better chance controlling that than you do anything to do with markets or fees. Please click through to read the entire post. The picture was taken in Aguila, AZ which is on the way to San Diego from Prescott....