TABR News

Nearly 17 years ago on March 9, 2009, the stock market bottomed, concluding a -57% drop which started in October 2007. Since then, the S&P 500 has achieved compound annual returns of about 15.19%, closing positive in 15 of the 17 calendar years since then. As a result, a large swath of investors have been […]

Bob Kargenian’s letter was published on January 16 in Barron’s, a weekly newspaper that covers financial information, relevant statistics, and market developments. In his letter, Bob says, “Jack Hough offered up four theories for the struggles of Constellation Brands, but didn’t mention that the management team has possibly run out of fortunate bounces (‘Are ICE […]

As the new year begins, many people naturally find themselves reflecting—on where they live, how well protected they are, and whether they’re set up properly for what’s ahead. Year-end articles, rankings, and headlines tend to amplify those questions, sometimes in ways that are more unsettling than helpful. In this month’s newsletter, I’d like to share […]

It’s easy to have a higher tolerance for risk when the market does really well, as it has for the past 16 years. In data going back 75 years, stocks as a percentage of household assets are now at record highs. That’s not necessarily good news, if past data is meaningful. We’ll look at some […]

Who needs stocks, bonds and property when you can speculate in crypto, gold and gamble? When will the party end? Probably not for several months, based on our indicators, though gold appears to have already topped. Inside, we’ll look at stock market seasonality, the Social Security COLA and Medicare increases, the Fed Funds cut, and […]

Since the major bottom in early 2009, the U.S. stock market has been on a tear, compounding at nearly 15% for 16 years. If there’s such a thing as “normal,” that’s not it. Yes, stocks and bonds declined in tandem in 2022, resulting in an approximate loss of -12% to -14% for balanced investors, but […]

I’d say I’ve been incredibly lucky. Since 1985, I’ve had two jobs. Prudential Securities from 1985 to early 2004, and founding and running TABR with Steve Medland since 2004. By today’s standards, I might be a dinosaur. I see LinkedIn profiles all the time with three jobs in two years, let alone two jobs in […]

A New York Times article that was published last year, How One Man Lost $740,000 to Scammers Targeting His Retirement, detailed the alarming rise of retirement savings scams, and this trend continues to target unsuspecting Americans. The loss of savings and investments is staggering, as scammers are using increasingly sophisticated techniques to commit these crimes. […]

I cringe when I see a personal finance column with a headline such as “You need $2 million to retire.” Maybe it attracts readers, but it’s a really worthless comment. My floor might be your ceiling, or vice versa. We’re all different, with different sets of resources. This month, we’ll touch on this topic a […]

There has been concern in recent years over the concentration of just a few companies in the S&P 500, notably the top 10, where their price performance and earnings growth have dominated.  This has masked relative weakness in other parts of the market, from midcaps and small stocks to foreign equities.  In this update, we’ll […]