Periscope Newsletter & Blog

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Periscope Weekly Investment Newsletter.

Fooled by Randomness

The equity and bond markets ended the first three months of 2019 with gains. The headlines attribute this to the Federal Reserve who, they say, said they will not raise interest rates in the near future. It’s not April Fool’s Day anymore, but this explanation is no more accurate than a bad joke.

I offer only one piece of evidence, but I could offer countless more recent examples. If you believe the Federal Reserve controls interest rates, please read the autobiography of one of the Fed’s most powerful chairmen in history, Paul Volcker (Triumph of Persistence). If there was ever a time when the Fed was active, it was during his tenure in the early 80’s. Interest rates on home mortgages were in the mid-teens. The Fed attempted to lower rates (twice) and rates rose instead. Then the Fed raised rates, and guess what happened?

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Social Media, Your Kids and Your Money

Do people who use social media spend more than others?

An inaccurate perception, called a visibility bias, researchers suggest is changing our consumption habits. We only post on social media expensive things, dinners, and experiences, and we don’t promote the mundane, everyday, saving. When our friends see us post, they are inclined to spend more. “It’s kind of the domino effect triggering other people into doing something. It doesn’t have to be that you feel pressured, it’s just like they learn from your activity, your consumption,” say the researchers.(1)

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Go Tax Free

A&I Financial Services - Karl Frank Book - Go Tax Free

 

 

 

 

 

An assortment of tools and strategies that give readers of all backgrounds a clear, specific action plan for obtaining the maximum allowable control over when and how they pay taxes.
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The Green Initiative

Addressing Global Concerns on an individualized basis