MYTH: The Markets are Crashing due to Coronavirus
By Gary Duell |
I don’t believe this post heading at all. Although I’m firmly in the camp that says we should do all we can to isolate and stop the spread of this deadly virus, correlation is not causation. Eugene Fama’s efficient market theory went out the window with the Reagan presidency, that is, the belief that full […]
MYTH: Bitcoin is a Good Deal
By Gary Duell |
Well, I think this is a solid myth. And I’m not going to go on and on and on like most financial blogs you see today; volume does not equal value.Here is the rub, as I see it: According to BitFarms (BITF), their breakeven cost of mining one bitcoin is US$2,259. Today, one Bitcoin is […]
MYTH: Ken Fisher’s Lewd Remarks Don’t Matter
By Gary Duell |
In case you’re new to this tempest, Ken Fisher is the prolific author, WSJ writer & CEO of financial behemoth Fisher Investments. At a recent Tiburon CEO Summit in October Fisher, a featured speaker, made several sexist, lewd remarks in portrayal of how the investment business operates in general*. Contrary to most of the media, […]
MYTH: I Hate Annuities
By Gary Duell |
This is a myth. I don’t use some of them, the expensive ridiculously high commissioned restrictive poorly performing ones. But I agree with the authors of the article below: I neither like nor dislike “annuities” as a class because they are a widely divergent collection of financial tools. Some are indespensible and some are useless. […]
You Can’t Get Decent Returns Without Risk
By Gary Duell |
This could, or could not, be a myth depending on how we define “decent” and “risk”. My definition of “decent” is a rate of return that exceeds the “risk-free” rate plus inflation. The risk-free rate is typically the T-bill rate or long-term government bond yield. The current long-term composite (>10yrs) is 2.12, down from […]
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