Time For Something Adventurous

My latest post at Alpha Baskets adventurous retirement options when people are in their 60’s as part of the long time idea we’ve been discussing about innovative retirement ideas. From the post; To the extent that Americans are collectively undersaved for retirement but for people who are a decent part of the way there (like $400,000 versus an $800,000 goal), they will have to take a more innovative approach to their retirement but they don’t have to be in serious trouble. People in their early 60’s who are fortunate enough to be healthy and fit will have more options to be innovative, like living in another country. Please click through to read the entire post. The first picture another buggy from the Mint 400 taken last March. The second Picture is an old Porsche taken in Verona, Italy in front of the arena. And lastly a collage filtered to make all the vehicles appear...

Surprised That There Were No Surprises

This week’s Market Update is posted at Alpha Baskets and includes the following; A quick update on Turkey after the coup attempt on July 15th; President Erdogan has implemented a three month state of emergency which depending on one’s viewpoint will allow him to stabilize the political situation or grab more power. Equities in Turkey declined 12% for the week while the lira fell about 2%. Turkey’s sovereign debt has been downgraded by S&P to BB, a junk status. Barron’s reports that its ten year bond now yields 4.6% which seems a little low being about a week removed from a failed coup. Please click through to read the entire update. The first picture is my favorite looking car from my NASCAR visit a year and a half ago, filtered to look neon green. The second picture is a close up of a buggy from the Mint 400 Off Road race from March. The last picture is from Kenan Memorial Stadium, home of the University of North Carolina Tar...

Deploying Cash When The Market Is At All Time Highs

My latest post for Alpha Baskets looks at the issue of how to move into the market while sitting at all-time highs. This is a difficult thing with a lot of psychology embedded in the issue. From the post; Markets can stay expensive for years. Do a search for Shiller PE 2011 (aka CAPE) and you will find articles debating whether the then “expensive” CAPE meant a decline was imminent. In the last five years the S&P 500 is up 64%. Anyone compelled by the CAPE analysis in 2011 missed a lot of upside. No one knows what the market will do. The end could be nigh or stretched valuations could grow to become wildly expensive, maybe doubling again over the next five years (not a prediction, just a possibility even if small). Anyone relying on growth from the stock market can’t miss too many of the huge runs that come along every so often. Please click through to read the entire post. The first picture is a buggy, as opposed to the trophy trucks I usually post from the Mint 400 last March. The second picture is our department’s structure engine taken last...

So Now Brexit Is Good For Markets?

The weekly market update is posted at Alpha Baskets and includes the following; The title to this week’s update is meant to be tongue in cheek as we suspect that beyond the kneejerk/snapback cycle a couple of weeks ago, the US markets are not being influenced by what Brexit will or won’t be and may not be so influenced for quite a while yet, if ever. Even European equity markets worked their way higher despite the acceptance and the unknowns…After so much so quickly it should not be a surprise if the markets take something of a breather. We would also note the very low level for VIX which closed Friday at 12.56. VIX traded very briefly above 26 during the immediate Brexit panic. Please click through to read the entire update. The first picture is from Progressive Field in Cleveland which seems timely given the Republican Convention which of course runs this week. The picture was taken in 2014. The next picture is a Trophy Truck from the Mint 400 Inspection Day last March. The last one is from Greymouth, New Zealand made purple with the Pixlr app and plays into my fascination with changing colors and things that are the...

Don’t Just Do Something, Stand There

My latest post for Alpha Baskets looks at the round trip caused by Brexit and knowing when doing nothing is the best course of action. From the post; With that building block of understanding, the things that most people do then will hopefully help numerically at the margin to improve results either nominally (adding alpha) or in risk adjusted terms (smoothing out the ride). But there is more to it than the numbers which is why never doing anything is not practical. Please click through to read the entire post. Earlier in the year I started a Facebook page for my pictures and it has actually gained a little traction having recently hit the 300-like mark, only 95 of which are from friends. If you’re on Facebook I hope you’ll check it out. The first picture is Las Vegas Fire Department Tower 1 staged at the Mint 400 Inspection, taken in March. The second picture is from Auckland, New Zealand, taken in 2012 and filtered with the Pixlr App. The last picture is is a collage of Defender 90’s. The yellow one is the real...