USA Today reports $41.7 billion in private assets are waiting to be claimed by their owners. These include things like dormant bank accounts, stock splits, uncashed payroll checks, gift cards, life insurance payouts, and more. Most of this is a result of moving and not forwarding mail to a new address. When the rightful owner […]
From Mark Ford, editor, Creating Wealth: When the market goes haywire—the way it has in recent days—it takes a brave soul to stare the storm in the face and stay calm. But we’ve said many times there was reason to believe a correction was coming. And this month, it looks like it finally has. As […]
From Teeka Tiwari, editor, Jump Point Trader: Since 1870, the market’s average price-to-earnings ratio (P/E ratio) has been 16.7. When it trades below this level, it’s a good indication of value. [The price-to-earnings (P/E) ratio is a ratio for valuing a company (or companies in an index). It measures current share price relative to its […]
From Tom Dyson, founder, Palm Beach Research Group: Most men shave with cartridge razors… the razors with three, four, and five blades in them. I shaved with one of these—a Gillette Mach 3—for 20 years. My Gillette never cut me, and I got a close shave, too. But I had to scratch the hair off […]
From Greg Wilson, chief analyst, the Legacy Portfolio: You’d have to go back 75 years to find a sell-off as violent as last week’s. According to Bespoke Investment Group (a quantitative research firm), “Not even the crash of 1987 got this oversold relative to trend.” It’s the type of action that causes investors to panic. […]
Fear crippled many during last week’s market swoon. But Warren Buffett got greedy… Business Insider reports the world’s second-richest man invested $4.5 billion in titan oil refiner Phillips 66 (NYSE: PSX). He pounced on the market’s weakness to pile into his position. Buffett now owns almost 58 million PSX shares. That’s about 10% of the […]
From Mark Ford, editor, Creating Wealth: If you want to be your best in business, you must be a good writer. By good, I don’t mean crafty or artful. I mean clear and persuasive. For our purposes, writing is a means to an end. The end is (1) the clear expression of an important idea […]