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Less Boomers, It’s Inevitable

Boomers. Roughly 25% of our population (30% at birth), born ~1946 – 1964. In my view, boomers are the luckiest generation ever (more in the next blog).  With a shrinking baby boomer population slow, growth of GDP, lower demand and declining value of boomer goods will...

Active is Passive

If the definition of Passive is an index created and managed by someone (S&P), then passive indexes change and are therefore potentially active.   If an equally weighted S&P 500 portfolio is compared to the cap weighted S&P 500 index, the equally weighted...

Why the Rich get Richer

The people who make $5 million a year and spend it all are not the rich. Because at the end of the year they still have nothing. So, who are these rich people and why?  Older people who have saved and invested have more than younger people. And people who have saved...

Who are the Rich?

You?Adjusted Gross Income (AGI), on tax returns filed with the IRS, based on 2015 data, are as follows:AGI $100,000 or greater = 17.4%AGI of $200,000 or greater = Top 5%AGI of $500,000 or greater = Top 1% of tax returns filed The number of rich people gets even...

Average Is Rare

Average is rare, does not stay the same, and slowly moves above and below where the average was. Why does the real estate market report median price while the stock market reports mean valuation? The 25 year average PE is going to rise because PE’s 25 years ago were...