My father owned ExxonMobil stock. It was his idea of what a blue-chip looked like. He would have been a bit blue himself this week with the news that the company is getting booted from the Dow Jones Industrial Average, and I can’t help think that the conversation and process I would have run through …
Have you seen the reports about how people have been drinking more alcohol than normal during the pandemic? You can find proof of the trend by asking investors what they expect the stock market to be going forward, because it’s clear that they’re drunk on the market’s rally from the February lows and blotto on …
Jack Bogle, the founder of the Vanguard Group, used to suggest that investors think of Social Security as if it was a bond they had bought and paid for. The idea, he said, was to act as if that money was in your bond portfolio, generating income in the future, and to base your planning …
(This column was released to newspapers on August 4, 2020.) I was filled with both nostalgia and loathing last week when Apple Inc. announced plans for a stock split. The nostalgia is because splits have become rare. In the mid-1980s, when I was a 20-something young, fresh investor, you could expect roughly one-fifth of the …
