CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
No Recession In 2020 And Analysis Of Fed Comments (video, left), Mornings With Maria, Fox Business
Bitcoin Might Be Crypto-Gold But Ethereum Is Crypto-Silicon, Michael K. Spencer, Medium
Fed Keeps Interest Rates Unchanged, Signals No More Rate Hikes This Year, Nick Tamiraos, WSJ
RIA’s Charged For Gambling With Client Money, Michael Thrasher, Wealth Management
FDIC Chair On The State Of The US Economy And Her Perspective As An Immigrant (video, left), Mornings With Maria, Fox Business
Small Business Owner: CA Socialists Are Controlling The Economy (video, right), Mornings With Maria, Fox Business
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
CS Commentary: Clear as mud, but at least it gives you a hazy picture of what goes on at the Fed.
You Don’t Understand Bitcoin Because You Think Money Is Real, Maria Bustillos, Medium
Cryptocurrencies Are Here To Stay, Gerald P. Dwyer, AIER
The History Of Money And The Future Of Cryptocurrency, Brian C. Albrecht, AIER
How Google Is Quietly Making Blockchains More Searchable, Michael del Castillo, Forbes
XRP Finally On Coinbase, Crypto Trader, CNBC Africa; Also see, Coinbase Users Can Buy And Trade Ripple Starting Today, Nikhilesh De, Coindesk
Edelman: Bitcoin ETF ‘Virtually Certain (video, right),’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph
Bitcoin Bull Blasts Warren Buffett, Tedra DeSue, CCN
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)
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
‘Tipping Points’ And How Democrats React When They Lose (video, left), Tipping Points, Liz Wheeler
College Is A Scam: Time To Put Admissions System On A Rocket And Shoot It Into The Sun, Robby Soave, Reason; Also see, Bail Set At $1 Million For Lori Loughlin, US Actress Accused In College Bribing Scandal, ABS/CBN
‘Full Worm Supermoon’ Shines: What You Need To Know, James Rogers, Fox News
104 Year Old Says Key To Long Life Is ‘Keep Moving,’ Kandice Bell, Newnan Times-Herald
CS Commentary: Neva is my cousin and this article could not describe her better. She is a genuine treasure to our family. “The fear of the LORD prolongs life, But the years of the wicked will be shortened.” (Prov. 10:27 NAS95)
Grisly Murders And Serial Killers? Ooh, Tell Me More, Alex Hawgood, NY Times/Medium
Ricky Gervais Unplugged: On Outrage Culture And More, David Marchese, NY Times
Don’t Take An Aspirin A Day To Prevent Heart Attacks And Strokes, Ashley May, USA Today
Scarlett Johansen’s ‘Black Widow’ Movie Adds Florence Pugh, Justin Kroll, Variety
Tracks Of My Tears (video, left), Linda Rondstadt (Official Music Video)
It Doesn’t Matter Anymore, Linda Ronstadt, Acoustic Atlanta 1977
Psalm 104 Sung In Ancient Hebrew, Yamma Ensemble
Once Tone Deaf Singer, Vonnie Lopez, Takes Us To Church With One Of Andre Crouch’s Best Songs, The World Recap; Also see, The World’s Best for the after-reaction
Fletcher MaGee Breaks NCAA 3 Pt Record, Leads Wofford To First NCAA Win, Henry Bushnell, Yahoo Sports
CS Commentary: This guy is more exciting than Steph Curry and he’s not the only exciting player Wofford has; watch Wofford take on Kentucky in the NCAA Tournament on Saturday.
Storylines To Watch For Georgia Tech Heading Into Spring Practice, Tori McElhaney, The Athletic
Every NFL’s Team Smartest Off Season Decision So Far, Justis Mosqueda, Bleacher Report
Pilot Who Hitched Ride Saved Lion Air Boeing 737 MAX Day Before Plane Crashed, Levin/Suhartono, Bloomberg
Hundreds Of Hotel Guests Secretary Filmed Online In S. Korea, Jeong/Griffiths, CNN
Airline Seat Cameras: Senators Demand Answers, Francesca Street, CNN
Cruise Workers Have So Much Sex Its Comparable To A College Dormitory, Mark Matousek, Business Insider
‘Subscription Fatigue’: Consumers Tire Of All The Streaming Choices, Todd Spangler, Variety
Quotes Of The Month:
Better is open rebuke Than love that is concealed. – (Prov. 27:5 NAS95)
Faithful are the wounds of a friend, But deceitful are the kisses of an enemy. – (Prov. 27:6 NAS95)