KIM: A cautionary tale we’ll call ‘Lefty and the Gambler’
PGA superstar Phil “Lefty” Mickelson may be called to testify in the insider trading trial of sports-bettor William “Billy” Walters.
Mickey Kim
Articles
KIM: Buffett lauds market system, immigrants for U.S. abundance
Fans of Berkshire Hathaway CEO Warren Buffett eagerly await the last Saturday in February for his annual letter to shareholders to be posted. With U.S. stocks and political divisions running at record levels, Buffett offered some cool-headed historical perspective and timeless investment advice in his 2016 letter. According to Buffett, “One word sums up our […]
KIM: Dow milestones get headlines but don’t reflect overall market
The DJIA is the default, shorthand answer to the question, “What did the market do today?”
KIM: Despise Patriots, but follow their play-to-win approach
Playing to win involves an intensification of effort and continual risk taking. The equivalent for playing not to lose is conservatism and trying to avoid costly mistakes.
KIM: Time in market, not timing, key for millenials’ investing
Compound interest is a powerful lever that can make your financial life better. Or it can kill you.
KIM: Profits, ‘animal spirits’ may drive up stocks in ’17
If the animal spirits of capitalism stir and result in a shift in motivation from safety to profit, the results could be impressive.
KIM: Stop trying to keep up with the Joneses in 2017
The only thing worse than judging a book by its cover is making financial decisions based on what you assume the book might tell you.
KIM: Letting go is a decision you will never regret
There is an actual cost to holding onto things we should let go of. It can come in the form of anger, frustration, resentment or something even worse. Can you really afford to keep paying the bill?
KIM: High-quality hotel chain available at bargain price
We believe STAY is significantly undervalued because it is misunderstood by investors.
KIM: Gifts to 529 college plans will make lasting difference
This holiday season, give the gift of a college education by establishing or making a gift to a young person’s 529 college savings plan account.
KIM: Be wary of mutual funds’ capital gains distributions
If you sell your mutual fund shares at a profit, you’ll owe capital gains taxes on the difference between your purchase price (or cost basis) and the sale price.
KIM: High time to sharpen executive pay clawbacks
There is little agreement on how to make management financially accountable for its actions and decisions.
KIM: How does the Fed raise or lower interest rates?
If you’re wondering just what the Fed is and how it raises (or lowers) interest rates, you’re not alone.
KIM: Remembering a friend who died Sept. 11, 2001
It’s hard to believe, but Sept. 11, 2016, marks the 15th anniversary of the terrorist attacks. While the memories are painful, we must never forget.
KIM: Despite Powerball mania, lottery is lousy investment
If it seems like these ginormous jackpots are becoming more frequent, you’re right.
KIM: Don’t let presidential race derail investing strategy
Making an anxiety-based change today because of your political beliefs is more likely to be harmful than letting this partisan storm pass us by.
KIM: Free online course unlocks ‘secrets’ to financial success
Gaining control of your financial life is one of the most important and difficult things you need to accomplish.
KIM: The ‘Brexit Panic’: We’ve seen this movie before
When you’re watching the Dow plunge hundreds of points in a matter of minutes, it’s easy to believe you’re staring into the abyss.
KIM: Is federal EB-5 program cash-for-visas boondoggle?
Since developers know foreign investors’ principal motivation under EB-5 is migration, not return on investment, they view EB-5 as a source of extremely cheap financing.
KIM: Investors can’t let fear drive their decisions
History suggests the greatest opportunity is when ominous storm clouds are everywhere and the biggest risk is when there is nothing but blue sky on the horizon.