In The Book of Joan, a tribute to the comedian Joan Rivers, her daughter, Melissa, shares some of her late mother’s quirks. Among them: Her mother always drove 40 miles an hour. Regardless of where she was—on the highway, in a school zone, in the driveway—she always drove 40 miles an hour. Melissa’s [...]
A few weeks back, I described how to conduct an “extreme portfolio makeover”—to scour your investments for holdings which no longer fit your financial plan. There are at least seven ways in which an investment might end up in the “doesn’t fit” category. But at a high level, they fall into one of two [...]
This week the stock market hit a milestone, surpassing its pre-coronavirus all-time high. There is a lot of debate about whether this is justified or sustainable—and that’s certainly an important question. But the bottom line is that your portfolio probably looks very different today from the way it [...]
This week, I received an email from a reader—let’s call him Tom. He described his experience managing through this year’s unruly market. After the market dropped in February and March, he said, the equities side of his portfolio lost a lot of value. So he decided to rebalance his account—that is, to [...]
Every year, when spring rolls around, investment folks trot out a favorite catchphrase: “Sell in May and go away.” This is based on the idea that the stock market lags during the summer, as people go on vacation. And while it may sound hokey as an investment rule, it’s hardly the only one. There’s [...]
