That was my bond broker speaking. There is logic in his words. If you’re getting a high tax-free yield — in PNYIX’s case over 6%– then you can take a little principal volatility. I’m down about 2.7%. It’s happened before. The key is to not to freak out excessively.
Freaking out excessively is not necessarily a bad trait.
Want to get your kid into college? Make a video of him playing soccer and upload it to YouTube. Here’s Todd’s son, Jack Kingsley playing soccer. He’s number 4. Click here.
Favorite recent New Yorker cartoons. These are too funny not to include. Enjoy.
Harry Newton who wonders what is wrong with Washington. When I read the headlines, “Judge outlaws health bill,” I knew immediately it was the bit about forcing everyone to buy health insurance. Surely, if I figured it out, they could have figured that out a long time ago. I’m not rocket scientist. Jack Kennedy said it best, “Washington is 8 square miles surrounded by reality.”
I knew about Lululemon and Panera a while back. I didn’t buy them. I thought them way overpriced. I was wrong. I need to revisit ultra-hot stocks. In this Momentum Market, hot stocks are running.
“Get” my athlete high schooler into college? Colleges send my child advertisements daily. Their partial-tuition athletic “scholarships” are just a come on (except for a rare few exceptions).
“route' redundant….Editor
Harry –
No one is “forced” to buy health insurance. If you don't “buy in”, however, you will be taxed differently.
In California – and, I assume, the rest of the 50 states (or at least all the rational ones), if I want to drive a car, the provisions are even more mandatory. That is, I am indeed “forced” to pay a license fee, to have a periodic smog check … and to have auto insurance. Moreover, the insurance I'm forced to have must adhere to certain coverage minimums.
What distinguishes health coverage from auto insurance is the universality of its need. Not everyone drives a car – or wants to, or needs to. Nevertheless, if I want to drive, I MUST have auto insurance coverage. On the other hand, EVERYONE, sooner or later, will want or need to see a doctor/go to a hospital. And the time to participate in universal health care coverage is when one is relatively young and healthy, not when one is older and the risks of infirmity increase by chronological leaps and bounds. To allow the citizenry to opt for health care coverage “when they get around to it” or when they need it is to guarantee skyrocketing costs and fiscal insolvency.
Since driving a car is by its nature other than a universal need, in a legal sense it should be an infinitely easier target for some right-wing, libertarian judge to determine that compulsory auto insurance violates some element of the commerce clause and is therefore unconstitutional. Is this the troublesome path down which – thanks to right-wing zealotry – we are now headed?
Harry-
You have repeatedly implored your readers to use “tight stops” to limit downside. Am I understanding you correctly – tight stops for stocks but your muni”s and muni fund you let it ride?
How much pain are you willing to take if the muni market continues lower? When do you get out? No stops???
this is a really interesting question. I'll address this tomorrow. OK?