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The Best of What They Said and I Read week ending 11/5/2017

Short excerpts from articles I found interesting.

I may not agree with the author and the following material is not intended as investment advice.


Barron’s – November 4, 2017 – New Highs for This Momentum-Powered Market – by Ben Levisohn

  • “…The stock market, by all appearances, has become a perpetual motion machine that won’t even let a controversial tax plan or a change atop of the Federal Reserve derail its momentum.  And what momentum it is. The Dow Jones Industrial Average rose 105 points, or 0.4%, to 23,539.19, last week, while the Standard & Poor’s 500 index advanced 0.3%, to 2587.84. The Nasdaq Composite gained 0.9%, to 6764.44. All three benchmarks closed at record highs…”

Kiplinger’s Personal Finance – December, 2017 – Success Story-She Helps Launch Future Leaders – by Patricia Mertz Esswein

  • “…What lessons do you teach?  People come to me and say, “I want to develop more confidence.”  I say, “Stop trying to develop confidence and work on developing competence.”  Confidence is a lagging indicator of competence.  Get good and you will feel good.  There’s no hack to this.”

Kiplinger’s Personal Finance – December, 2017 – Crowdsourcing-What’s the Best Piece of Financial Advice You Ever Received?

  • “…A quote from Albert Einstein:  “Compound interest is the eighth wonder of the world.  He who understands it, earns it.  He who doesn’t pays it.”  James Trimble”

U.S. Global Investors – November 3, 2017 – Investor Alert – by Frank Holmes

  • “The world is changing fast right now in ways that many investors might not easily recognize or want to admit. This could end up being a costly mistake. If you’re not paying attention, you could be letting opportunities pass you by without even realizing it.  With that in mind, I’ve put together a list of five agents of change that I think investors need to be aware of and possibly factor into their decision-making process. “


  1. “Xi Jinping - …His elevation to Chairman Mao-status last week not only cements his place in the annals of Chinese history but also makes him peerless among other world leaders in terms of political and militaristic might, with the obvious exception of U.S. President Donald J. Trump….”


  1. “Poland - …Already one of the fastest growing economies in Europe, the country was just upgraded from the “advanced emerging” category to “developed” by FTSE Russell, effective September 2018. This will place Poland in the same company as, among others, the U.S., U.K., Japan, Germany, Singapore and South Korea, the last country to have joined the club of top-ranking economies. Poland is the first Central and Eastern European (CEE) country to receive “developed” status…”


  1. “Bitcoin - …Bitcoin can no longer be called a curiosity or niche investment…And just this week, the Chicago Mercantile Exchange (CME) announced it will be offering a bitcoin futures contract by the end of the year, giving investors an easier way to trade cryptos…The U.S. Mint reported that this year’s sales of American Eagles, the popular gold coins, have fallen to their lowest level since 2007, presumably as investors who otherwise would have bought bullion have instead put money in bitcoin as a store of value…”


  1. “U.S. Tax Reform - It’s been a generation at least since the U.S. has had meaningful tax reform. That might be about to change, though, as Congress and the president this week unveiled their plans to overhaul the tax code and deliver the “biggest tax cut in U.S. history,” according to Trump…”


  1. “Jerome Powell…assuming he gets Senate confirmation—is being described as someone who’ll mostly hold to the status quo established by his two immediate predecessors, Yellen and Ben Bernanke. Powell appears to be dovish and supportive of the cautious interest rate hikes we’ve seen during Yellen’s tenure, which will come to an end in February 2018.  There’s one huge difference, however—…Powell generally seems to be in favor of deregulation, in line with Trump’s own agenda...”

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