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Money

Hot Investment Hands Are Like Sports Heroes

I grew up watching sports. My heroes rose. They triumphed. And then they always failed. We expect that. A reporter asked former world heavyweight boxing champion, Larry Holmes, what he regretted about his career. He replied, “Getting old.” Time is undefeated.

Why buying CVS Health now is worth the risk of some market volatility–the 3.57% dividend helps

On October 27 I made CVS Health (CVS) one of my "10 Stocks for a post coronavirus world" on my JubakAssetManagement.com subscription site and declared that it was the only one of the first group of five stocks that I'd buy now--even though the market looked potentially volatile. I cited the stock's 3.57% dividend as one very supportive factor. The subsequent few days have lived up to those worries about volatility. The stock opened at $59.12 on October 27 and closed at $58.15 that day. The shares dipped as low as $55.93 at the close on October 29 before beginning a recovery that has taken these back to a close of $59.45 after today's (November 3) 2.36% gain. In other words the stock is pretty much back where it was on October 27. I'm officially adding it to my Dividend Portfolio today, November 3, at the October 27 price (since that's when I made the stock a pick.) But all this excitement in the short run isn't why I think owning these shares is a good idea now.

Do you believe McConnell on a stimulus package? It’s likely markets will

Today, while the race for President still hung in the balance but while it seemed likely that Republicans would hold their majority in the Senate in the new Congress in 2021, current Senate Majority leader Mitch McConnell told reporters at a press conference in Kentucky that a corona said Wednesday that an economic stimulus bill should be completed before the end of the year and will be the focus when the Senate resumes work next week. “We need another rescue package."

Why is the market up so strongly today? Look more to sector reasons and less to big picture bets

As of 2 p.m. New York time today the Standard & Poor's 500 was up 2.99%. The Dow Jones Industrial Average was ahead 2.38%. The NASDAQ Composite had jumped a huge 4.16% and the NASDAQ 100 was up an even stronger 4.69%. The iShares MSCI Emerging Markets ETF (EEM) had gained 3.20%.  The small cap Russell 2000 lagged with a gain of 0.32%. At the close, the figures for the indexes were S&P 50 up 2.30%, Dow ahead 1.34%; NASDAQ higher by 3.85%; NASDAQ 100 increase of 4.41%; and the Russell 2000 lagging with a 0.05% gain. It's tempting to attribute today's gains to some market preference for a Biden over a Trump administration. Or general relief that the election so far (knock on wood) hasn't resulted in violence. But instead of spinning your wheels in big picture speculation, take a look at what sectors are climbing and which are down today.

Will Your Social Security be Enough?

From ssa.gov, “the Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3% in 2021, the Social Security Administration (SSA) announced last week.”

Michael and Adam discuss how that is assessed, what it means for retirees and how to maximize social security for the future.

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