CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
JPM Guide To The Markets April 2019 (video, right), JPM Asset Management Hong Kong
New Car Or Used? Lisa Smith, Investopedia
How Merrill Lynch Is Planning For Its Customers To Live To 100, HBR/Halbert Hargrove
7 Red Flags That Could Trigger An IRS Audit Of Your Taxes, Janna Herron, USA Today
CS Commentary: To what extent the market is already pricing this in with this week’s rises, is the question.
Global Outlook 2019 Manila with Howard Marks (video, left), Bank Of Singapore
CS Commentary: Some great, insightful comments on investing here, especially from a general overall perspective based on where we are in the recovery from 2008 now, well worth the 15 minutes of viewing.
What Will Cause The Next Recession? (video, left) Robert Schiller, CNBC
The Yield Curve Inverted – Here Are 5 Things Investors Need To Know, William Watts, MarketWatch
CS Commentary: Facts to know: The 3 month/10 Year Treasury spread is the most important indicator, though many media pundits will follow the 2 year/10 year. Inversion needs to be sustained for 10 straight days to be an accurate predictor – it was not sustained for more than a few days this time. Recession typically occurs 1 year to 18 months following a sustained inversion – and the stock market can continue to go higher during that period. Though yield curve inversion has preceded the last nine recessions, inversion can occur without a recession following. Also see, The Inverted Yield Curve Is Good News For The Dow Jones And The Economy, IBD
Here’s When The Yield Curve Becomes An Actual Danger Signal, William Watts, MarketWatch; Also see, This Time Yield Curve Suggests Market Has Already Peaked, According To Analyst, Chris Matthews, MarketWatch
America’s Biggest Economic Challenge May Be Its Demographic Decline, Neil Irwin, NY Times
CS Commentary: Harry Dent may have been one of the first to sound the alarm on this problem as far back as 2008-09, but he largely mis-forecasted when and how the problem would become reality, suggesting that there would be a second major stock market collapse soon after 2008 – this never occurred. Has immigration, central bank manipulation, and globalization solved some of this problem in ways that Dent could not foresee? Perhaps not, but only time will tell.
Why Reported Inflation Is So Low, John H. Morse, Advisor Perspectives
How Amazon Will Dominate Wealth Management, Sara. Grillo, Advisor Perspectives
Bitcoin Catching On Fast Outside Of US (video, right), Bloomberg Tech
You Don’t Understand Bitcoin Because You Think Money Is Real, Maria Bustillos, Medium
Bitcoin Might Be Crypto-Gold But Ethereum Is Crypto-Silicon, Michael K. Spencer, Medium
Bitcoin Price Surge – Analyzing Why (video, left), Cointelegraph
Cryptocurrencies Are Here To Stay, Gerald P. Dwyer, AIER
The History Of Money And The Future Of Cryptocurrency, Brian C. Albrecht, AIER; Also see, How Google Is Quietly Making Blockchains More Searchable, Michael del Castillo, Forbes
Edelman: Bitcoin ETF ‘Virtually Certain (video, right),’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph
Updates On DIG
Dissecting A Con Game: What Happened To The DIG Cryptocurrency? Seaborn Hall, Common Sense Money
Agent Appears To Back Up Arbitrade/DIG Gold Title Claim, Scott O’Neil, The Royal Gazette; Also see, Finance Guru Ronnie Moas Digs For $10 Billion In Crypto Gold, Mitchell Moos, Crypto Slate, January 2019
CS Commentary: We don’t believe this really changes anything. See our article above.
Update On DIG, 12/15/18, Seaborn Hall, Common Sense. See this link for more posts and information on DIG/Arbitrade.
DIG/Arbitrade: Not All That Glitters Is Gold – Is DIG A Well Orchestrated Scam? Ken Griffith, The Royal Gazette
CS Commentary: We suggest that the comments at the end of the article also be read. The author raises some interesting points, but it is not clear whether…To continue reading see this link…
Could Bitcoin Still Go To $25K? (video, left), Fox Business
More Wealth Will Be Created In The Next 20 Years Than Ever Before (video, left), Phillip Anderson (2012)
s Now A Good Time To Buy Bitcoin? (video, left) Bloomberg Tech
How The Real Estate Cycle Works (video, right), Phillip Anderson
Cyber Threats: The U.S. Is More Vulnerable Than Ever (video, left), Judge Jeannine Piro, Fox News Insider
The Public Does Not Understand: China Has Been Cheating U.S. For A Long Time, Mornings With Maria, Fox Business;
The New Space Race To The Moon, Curious Droid
(Start Here First To Understand The Investment Arena Big Picture)
How SIFMA, FSI, FINRA, And The SEC Conspired To Doom The Advisory Profession, Ron A. Rhoades, Advisor Perspectives
CS Commentary: SIFMA stands for The Security Industry Financial Marketing Association. FSI stands for Financial Services Institute. FINRA stands for Financial Industry Regulatory Association, a Congressionally authorized association that regulates broker-dealers. The SEC is the Security Exchange Commission, an “independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation (Investopedia).
This is the most important article we have published here in sometime, yet, it will be too long and technical for many of our readers. We encourage you to read the introduction and the conclusion. The bottom line here is that the current SEC has, once again, been corrupted by compromise, lobbying and the broker-dealer industry – and the fiduciary landscape may be, once again, about to change. That is, be compromised. At present, investors can rely on the fact that RIA’s (Registered Investment Advisors) are held to a higher Fiduciary standard – this may not be the case much longer if the SEC has its way. For a shorter and simpler explanation of what the fiduciary standard should mean, see the Common Sense Interpretation-Money page and our articles on the Fiduciary Pyramid.
After Two Of The Greatest Bull Markets In History, Why Are Investors So Broke? Lance Roberts, Advisor Perspectives
Gundlach: We Are On The Road To A Large Debt Problem, Robert Huebscher, Advisor Perspectives; Also see, Does The US Debt Matter? (as of 7/28/18) (see left, below), CNBC; Also see, What Would Happen If The US Stopped Paying Its Debt?, Infographics; Also see, How To Solve America’s Spending Problem (video, right), Prager U
CS Commentary: Both these Prager U 2014 videos on debt should be a must–view, but especially this one. The scenario describe here – escalating entitlement costs and much higher taxes – will occur, and probably much sooner than the video predicts, about 40 years. CS projects that the US will begin experiencing serious problems relative to this issue around 2030 and that they will quickly escalate from there. Cutting entitlements is the only sane and rational way to avoid this problem – however, the corruption in Congress has been an obstacle to this solution for years and currently does not seem likely to change.
CS Commentary: This may not be exactly in sync with the US Debt Clock, here but it is close as of 2/14/19.
What Makes A Financial Advisor a True Fiduciary? Mindy Diamond, Wealth Management
CS Commentary: Good Financial Advisors and RIA’s have been talking about these concepts for at least a decade. Everyone else is just catching up.
What Designations Does Your Financial Advisor Need?, Peter Lazoroff, Forbes
CS Commentary: Though this is helpful in explaining the top 3 designations to look for in the investment arena, we emphatically disagree that your financial advisor needs any of them to be competent and have your bests interests at heart. Perhaps of all three, the CFP is the most important – but not even it assures that your advisor is a fiduciary that limits conflict of interest, that they work for a good company, particularly a RIA, or that they have your best interest at heart. An AIF at least assures that they understand the demands and criteria of a fiduciary and will at least attempt to ensure low conflict of interest in all that they do. Beyond that, you should look for detailed knowledge about the investment arena, which includes how portfolios are put together to achieve your individual goals and the best way to administrate your overall plan, an ability to simplify it and make it understandable to you, and look at who they work for and where the firm fits in the Fiduciary Pyramid. Also, beware if the person selling you is also the person directly managing your money. No one has the time or expertise to do both well. Bottom line: Designations – like MBA or CFA – are important for the person who directly manages your money and those on the investment committee in your advisor firm, or who head up the funds where your money is allocated. Your advisor is more of a salesmen or direct point of contact and may use his/her designations to impress. Don’t be fooled.
New Research On The Value Of Global Diversification, Larry Swedroe, Advisor Perspectives
Here Are 3 Things You Can Do After Historic Market Volatility, Edelman Financial
Ray Dalio’s Bridgewater Cements Spot As Top Performing Hedge Fund Of All Time, Anneken, Tappe, MarketWatch
Ray Dalio: ‘Significant Risk’ Of Recession In 2020 – Blackstone Disagrees, Melanie Kramer, CCN
Stanford Analysis Pokes Holes In FINRA Broker’s Check, Dianna Britton, Wealth Management
This Still Looks Like A Stock Market Correction – Not Something Worse, Mark Halbert, MarketWatch
Ray Dalio’s Hedge Fund Posted 15% Gain After Calling Economic Slowdown, Leslie Picker, CNBC; Also see, Dalio Says Go Counter-Cyclical, Market Realist; Also see, Dalio and Buffet: What To Do When Stocks Get Battered, Market Realist
How The Real Estate Cycle Works , Phillip Anderson, You Tube
CS Commentary: In 2012 Phillip J. Anderson predicts exactly where the US stock markets and real estate markets will be today. Also see, Phillip J. Anderson’s Explanation Of The Real Estate Clock, portphillippublishing.com
Common Crypto Scams And How To Avoid Them, Jack Dossman, Medium
Why Did The Crypto Meltdown Occur? CNBC; CS Commentary: A good overview of the current state of the crypto markets.
Here’s How Blockchain Will Impact Your Life In 10 Years, Darla Mercado, CNBC
How to Know Who To Trust With Your Money II: A Visual Illustration of Fiduciary, Seaborn Hall, Advisor Perspectives
The Bernie Madoff Fraud: Five Lessons For Investors From The ‘Wizard Of Lies,’ Seaborn Hall, Advisor Perspectives
Evaluating The Arguments For The Dollar’s Demise, Seaborn Hall, Advisor Perspectives
How Likely Is Hyperinflation In the U.S.?, Part Two, Seaborn Hall, Advisor Perspectives
Are Cryptocurrencies The Best Investment Opportunity Of The Next Decade? Part II, Seaborn Hall, Advisor Perspectives
Top Independent Financial Advisors 2018, Barron’s
2017 Ranking Of RIA’s By Total Assets, Financial Advisor
CS Commentary: A RIA is a Registered Investment Advisor, generally considered to be at or close to the top of the Fiduciary Pyramid in the investment area. For more, see Common Sense Interpretation, above.
CS Commentary: For an explanation of and the importance of Registered Investment Advisors (RIA), see the ‘Fiduciary’ articles in the Common Sense Interpretation section below.
The Biggest And Best Wealth Management Firms, Investopedia/WSJ
CS Commentary: What’s wrong with this list? Notice they are almost all big banks. Most of the big banks charge ‘hidden’ fees that they don’t tell you about and they also charge larger annual management fees. Independent RIA firms charge an average of about 1-1.25% in management fees, plus, in many cases lower ‘hidden’ fees that they fully disclose. (For an explanation of and the importance of Registered Investment Advisors, or RIA, see Common Sense Interpretation section on this page above).
Top Crypto Exchanges By Market Cap: Cryptocurrency Exchanges/Market List, cryptocoincharts; Also see, The Best Crypto Exchanges, May 2018, Cryptoclarified; Also see, The 10 Commandments Of Crypto Security, Panama Crypto, Medium
Understanding The Retail Bitcoin Exchange Coinbase And Its Professional Trading Sister, GDAX, Jack Tatar, The Balance; Also see, Coinbase Vs. GDAX, The Merkle; Also see, GDAX Vs. Coinbase Comparison, Coin Central
Coinbase Review: Safe Way To Buy Cryptocurrency? Coin Central; Also see, Kraken Exchange Review, Coin Central; Kraken vs. Bittrex Exchange Comparison, Coin Central; What Is Kraken? Shobhit Seth, Investopedia
The Five Most Private Cryptocurrencies, Shobhit Seth, Investopedia
A Brief History Of Bitcoin Bear Markets, Yannos/Ndinga, Medium
The Top 10 Cryptocurrency Blogs & Websites You Should Follow, Cryptoclarified
More Common Sense
Crusade And Jihad, Reviewed by Raymond Ibrahim
Sharia Law: What Everyone Needs To Know, Reviewed by Raymond Ibrahim
Prince Harry Banished Former Best Friend For Warning Him Not To Marry Meghan, Jessica Sager, Fox News
Prison Time Likely For Lori Loughlin And Felicity Huffman In College Bribery Scandal, Dominic Patten, Deadline
10 Tips For First Time Fathers In Their Thirties, Hans Fiene, The Federalist
Is Poland Spring Water Really From A Spring? Not One Drop Says A Lawsuit, Matt Stevens, NY Times
Unplanned Changing Minds On Abortion (video, left), One America News
Real Life Character Of ‘Unplanned’ Speaks (video, right), One America News
‘Unplanned’ Takes 5th Place In Film Grosses This Week In Spite Of Media Blackout, Christian News Wire; Also see, Abby Johnson And The Movie ‘Unplanned,’ Jeff Thompson, Assist News; Also see, Despite Numerous Roadblocks, ‘Unplanned’ Outperforms Expectations, Brad Slager, The Federalist
‘I Can Only Imagine’ Follow Up In Works At Liongate, Tatiana Siegel, The Hollywood Reporter
Movie Review: The Case For Christ, Chris Carpenter, CBN
First Avatar Sequel Set For December 2020 As Disney Takes Over Release Of Films, Rebecca Keegan, The Hollywood Reporter
Imagine Dragon’s Dan Reynolds On Mission To Mainstream Painful, Hidden Disease, Madeline Farber, Fox News
‘Who Will Save Your Soul?’ (video, left), Jewel, Official Video
CS Commentary: Alaskan jewel, raised poor without running water or electricity, wrote this, before she became famous, one of her first songs, while traveling-singing across the ‘Lower Forty’ of the US, 2009.
Foolish Games (video, right), Cecily Hennigan, The Voice 2019
23 Horses Have Died At Santa Anita Race Track Since December, John Cherwa, Los Angeles Times; Also see here for latest entries for Saturday’s race of the Santa Anita Derby; Also see, Expert Picks For The Kentucky Derby, May 3, 2019
The 30: The First Power Rankings For The New MLB Season, Jonah Keri, The Athletic
The Innovative System Georgia Tech Football Is Using In Spring Training, Tori McElhaney, The Athletic
Dodgers Set MLB Opening Day Record With 8 Home Runs, Steve Gardner, USA Today; Also see, LA Dodgers Have Won 6 Straight NL West Championships: Their Goal Is Not To Avenge A World Series, Pedro Maura, The Athletic
The Most Popular International Flights, Josie Green, 24/7
New TSA Scanners Mean The Era Of Pulling Your Computer Out Of Your Bag May Be Over, Andrew Liszewski, Gizmodo
10 Easy Items To Pack That Will Save You Money On Your Next Trip, Travel & Leisure
Tijuana Ranked As Most Violent City In World, Top 4 In Mexico – Acapulco #2, Travis Fedschun, Fox News; Also see here for the Top 10
Netflix’s ‘The Highwaymen,’ Balanced Glamor-Free Take On Bonnie And Clyde Saga, Ron Capshaw, The Federalist; Also see, The Highwaymen, Netflix, Official Trailer (video, left)
Quotes Of The Month:
“The Second American Revolutionary/Civil War is inevitable, it is right, and it will be successful.” – Rick Joyner, Morningstar Ministries,
“To refuse to fight in an inevitable or right war is not choosing to do what is right. Rather, it is to submit to evil. There are righteous wars. When it is right and time to fight, we will be in rebellion if we do not do our part.” – Rick Joyner