Debt, Debt and More Debt

I know what your thinking, oh great their talking about it again. When will they ever stop talking about that dreaded four letter word, debt? Well, when our nation is completely debt free, government, business and personal, I will cease talking about it. Translation, I will never stop talking about it. This time we are going to focus on credit card debt. One of the worst kinds of debt out there. Continue reading “Debt, Debt and More Debt”

Good News for Retirement Savings

I talked about it before, when it comes to saving for retirement, time matters. According to Chase Bank, Baby Boomers began saving for retirement at age 40, Gen X began at age 30 and Millennials began at age 23. This is a big deal. The earlier you start saving, the more time your savings has to multiply. It gives more room for the rule of 70 to work its magic. Continue reading “Good News for Retirement Savings”

NFL Struggles Continue

It’s been on the news a lot this year, NFL viewership is down. The once mighty beast that no one thought could be slayed has been taken down…a little. The odd part is the NFL doesn’t seem to know why they are struggling. Despite all the money they make and all the power they have, they simply can’t figure out why viewership is down. They’ve blamed it on the election, the World Series and other events that have stolen their thunder. But if they don’t know what is going on then how do they expect to fix it? This is a situation that no business wants to be in because their hopes are simply in the hands of fate and wishful thinking. Continue reading “NFL Struggles Continue”

It’s Finally Over

You know what I’m talking about, the elections. No matter how you feel about your local, state and federal elections, the fact of the matter is, they finally all are over for this year. I’m pretty sure I just heard the entire US cheer but any polls you read would defiantly show the opposite. I know, it was a bad joke but I’m not even going to delve into politics with this post. What I will delve into is something I’ve been talking about since I started this blog and it’s something I will be talking about for a very long time. Continue reading “It’s Finally Over”

Where to Now

If you haven’t heard about it elsewhere, you can read about here on my blog. Stocks are overpriced compared to historical metrics. One big reason for this has been an earnings recession that has continued to drag on. The S&P 500 index has seen year over year earnings decline for five straight quarters. These declines haven’t been massive like the ones during the recession but it is not good that prices were rising while earnings were declining. I do believe there are some glimmers of hope on the horizon but not everything is clear quite yet. Continue reading “Where to Now”

A Bite Out of the Apple

Apple continues to struggle. They’ve been the darling of the stock world for years and yet they are continuing to have trouble. Their Q4 results showed a revenue decline of 9%. Every company experiences this from time to time but what is troubling is the declines were almost across the board. Iphone sales down 5%, Ipad sales down 6% and Mac sales were down 14%. All core products and nothing but declines. Their other product category was also down a massive 21%. The one segment that wasn’t down was their service business. It rose a whopping 23.5%, keeping their performance from being an utter disaster. Their stock obviously took a hit due to this news. So what is the problem? Continue reading “A Bite Out of the Apple”

Debt Status

A few days ago the IMF came out with an updated number for our worldwide debt. The world has amassed $152 trillion worth of debt. So much for the notion that the world can’t work together on anything. We have succeeded at racking up amounts that won’t be able to be paid off for generations, if ever. Public and private debt accounted for over 200% of all global output last year. If that wasn’t enough, there is an even more shocking number lying in these numbers. Continue reading “Debt Status”

Fed Up

The Fed has decided yet again not to raise rates. Although, there is growing dissent ever where you look, even inside the Fed itself. Depending on who you ask, you will hear many different ideas on what should be done or should’ve been done. At the end of the day we are in uncharted waters. We’ve been experimenting with policies that have never been used before or at least not on the scale they are being used now. Continue reading “Fed Up”

Is Your Net Worth Average?

One of my most read and most popular blog posts I’ve written was about the average retirement account size by age group. Instead of just looking at retirement accounts, I want to look at total net worth as well as debt. In 2011 the US Census Department took their latest gauge of Americans net worth as well as their debt levels. Even though the census bureau collected this information right after one of the worst recessions in US history, I still believe the results are worth looking at. Continue reading “Is Your Net Worth Average?”