“BUYING THE DIP.” It’s a phrase often uttered with contempt by Wall Street strategists and money managers, who look down their nose at everyday investors who instinctively shovel more money into stocks simply because share prices have fallen.
Commentators “caution against” it, dismiss it as “not an investment strategy,” predict it’s going to “die,” argue it could get “very, very nasty” and contend that—when everyday investors buy on dips—it’s a “contrarian signal.” And I got all that based on a quick internet search.

YEARS AGO, WHEN THE kids were teenagers, single Dad here was cooking dinner. You guessed it, hot dogs.
I skillfully picked one up from the hot pan with my fingers and tossed it in a bun.
When my daughter began to imitate me, I nearly shrieked. She lacked my years of experience in gauging exactly how hot the sides of the dog would be, how far from the splattering grease I needed to position my fingers,

I SOLD MY CONDO last month and the first thing I wanted to do was celebrate. It was such a relief to get rid of it, because owning a second home requires spending precious time maintaining it. At age 69, I can think of better ways to spend my time than looking after a vacation home.
At first, I was reluctant to put the condo up for sale. I had lived there for more than three decades.

WELCOME TO OUR new daily market report, which we’re going to run exactly once, which is probably once too many. In market action yesterday, stock prices fluctuated—a development that shocked market observers who noted they hadn’t seen anything like that since the day before.
“If we can stay above the psychologically important 3,200 barrier, that’ll create an important support level that could build a base for a new bull market,” opined market strategist Ross Nodamus,

I’VE PREPARED countless meals over the past few months—a result of COVID-19, which continues to have a big impact on daily life, especially here in Florida. Still, I’ve come to enjoy cooking and eating at home has saved me a ton of money.
But not all coronavirus habits have been good for our financial health. That brings me to the (supposed) rise of the Robinhood trader. By now, we’ve all seen the headlines and read the stories.

YOU MAY HAVE HEARD me say this before: I don’t think people need to budget if they have an effective spending and saving system. Recently, a reader of my blog challenged me on that point, arguing that you need a budget to ensure you’ll have enough to pay off your credit cards in full.
Au contraire, as we say here in New Jersey.
You may also have heard of the envelope method, where some people place money in envelopes for specific expenses.

THEY SAY A PICTURE is worth a thousand words. But what about a chart?
A few weeks back, I noted that the stock market had become unusually top-heavy, with just five companies—Alphabet (i.e. Google), Amazon, Apple, Facebook and Microsoft—accounting for 20% of the overall value of the S&P 500. A chart that appeared online last week illustrates the impact of that imbalance. What it showed, in a nutshell, is that the overall S&P 500 is around breakeven for the year,

IT’S NEVER BEEN cheaper to build a globally diversified portfolio of index funds. In fact, today, you could invest $100,000 and pay just $10 in annual fund expenses—equal to the cost of two Big Macs and a large fries.
Moreover, you don’t need $100,000 to build that portfolio. Not even close. The funds in question—which are managed by Fidelity Investments—have no required investment minimum, which means your four-year-old could start investing with the contents of her piggybank.

AS THE MARKET plunged earlier this year, I recalled the sage advice of billionaire investor Mark Cuban: “When you don’t know what to do, do nothing.” My wife and I are 100% in index funds, so doing nothing was easier for us than for more active investors. Still, we did take some action and, more important, learned some valuable lessons.
Examples? With the bear market apparently behind us, I decided to create a record of the steps we took,

WHEN FINANCIAL planners are asked at parties what they do for a living, many hesitate to be specific. Why? Because the inevitable follow-up questions relate to where they think the stock market, the dollar, interest rates or the economy are headed.
It’s a myth that dies hard—the idea that a financial planner is a market prophet with special powers for foreseeing the next big boom or bust. To be sure, some advisors position themselves as smart forecasters or market timers.

MAY 18, 2020, STARTED as an ordinary Monday. I was busy with office work. An email from our human resources department hit my inbox. It said something about fraudulent unemployment benefits. I couldn’t pay attention right away, so I saved it to read later.
That evening, I found five letters from our state’s unemployment claims department in the mail. I’d never heard of such a department, but it reminded me about the email I got earlier.

DELAYING SOCIAL Security until age 70 will get you the largest possible monthly benefit, and that’s the right strategy for many retirees. But what’s right for many folks won’t necessarily be right for you—and you may want to file at 62, the youngest possible age, so you maximize your total lifetime benefit.
If you’re single with no dependents, you should probably file at age 62 if you’re in poor health or your family doesn’t have great genes,

I RECENTLY WROTE about the market indicators I pay attention to. As a long-term, buy-and-hold investor focused on gradually building wealth, I downplay the importance of day-to-day market gyrations. Nevertheless, I can’t deny my fascination with charts and big market moves.
Back in college, I used to watch CNBC all the time. Now, I rarely have it on. The talking heads are constantly discussing matters that I believe are distractions. There’s a set of indicators that make headlines and are great fodder for financial journalists,

IN RECENT WEEKS, I’ve focused on some of the growing risks in the financial system. In the stock market, there are day trading enthusiasts and their obliging brokers. In Washington, there’s a Federal Reserve that has served up a seemingly bottomless punch bowl of new money.
Result: Despite the current recession and 11% unemployment, the stock market is close to its pre-coronavirus all-time high, fueled in part by the Fed’s policies, which have driven income-starved investors to take greater risk.

I’M PROBABLY A YEAR or two away from regularly tapping my portfolio for income. That prospect—coupled with this year’s market turmoil—has led me to tinker with my investment mix and ponder how I’ll generate cash once I’m retired. One surprising result: I have more in stocks today than I’ve had at any time in the past three years, and I’m thinking of increasing my allocation even further.
Since 2014, I’ve thought of myself as semi-retired.