Beware of Pundits

The pundits you hear in the media may be more glib than knowledgeable. Listen to what happens when I become part of the story.

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What is the Stock Market?

An accountant recently told me that a number of her clients remained nervous about the stock market.  Apparently the residual fear from the great upheaval of 2008-2009 and the uncertain state of the world economy is making them extremely cautious.  I am sure that for many of these people the stock market appears to be a casino—a game of chance with no apparent explanation for its movements.

This perspective may be impacted, to some extent, by the growing popularity of index funds.  An article in Morningstar Advisor argues that the proliferation of index funds corresponds to "increased trading commonality among index constituents through the interactions of market participants."  Huh? 

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The Value of Coaches

We can all look to improve in our professional life just like we can improve in golf or tennis.  At least I hope I can improve in golf.  I can't get much worse in tennis.

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Medicare is Not Totally Free

For those of us of a certain age, it seemed like the distant future when we first heard the Beatles sing: "Will you still need me, will you still feed me, when I'm sixty-four?"  I clearly envisioned that, by that time, we would live in a world as depicted in The Jetsons.  But as that age approaches (or has been reached), mundane matters like Medicare start to impinge on our thoughts of flying cars and robot maids.

Of course, no one really wants to think about Medicare, with its jumble of letters—Part A, Part B, Part C, and Part D.  What a mess.  The basics on what this alphabet soup means can be found on Medicare's web site.

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The Universality of Cheetos Fingers

It turns out that knowing what to do with "Cheetos Fingers" is not common knowledge in all cultures.  This is a good reminder that we all come from different backgrounds and experiences. 

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