Saturday, June 15, 2024

News and Ideas Worth Sharing

Allen Harris

Allen Harris is the founder, CEO and CIO of Berkshire Money Management based in Dalton, Massachusetts. He is a Certified Exit Planner, Certified Value Builder and Certified Business Valuation Specialist, and specializes in working with business owners intending to accelerate their growth and/or transition. Harris is also the author of 'Build It, Sell It, Profit: Taking Care of Business Today to Get Top Dollar When You Retire,' publishes the Berkshire Business Confidence Index, and hosts the BMM Business Roundtable. He built and sold his previous business, the Navigator Newsletters Group, a financial publication with 16,000 paid subscribers (one of the five largest of its era). Beyond his professional work, Harris is passionate about the well-being of animals. He is an avid supporter of spay and neuter efforts and animal rescue. Additionally, he is a strong advocate for both economic revitalization and the arts in the Berkshires, including First Fridays Artswalk, Shakespeare in the Park, Alchemy Initiative, Tanglewood, Jacob’s Pillow and other nonprofit organizations.

written articles

CAPITAL IDEAS: Will the next president ruin the economy?

It is that time of year when investors start thinking about selling stocks as they contemplate the end of the world brought on by whoever will occupy the White House for the next four years.

CAPITAL IDEAS: How can you invest in artificial intelligence?

Nvidia’s stock is up more than 200 percent from a year ago, fueled by the rush of corporate America to join the AI race. According to FactSet, the mention of AI during S&P 500 company earnings calls has spiked.

CAPITAL IDEAS: Is the stress at New York Community Bank a sign of more trouble to come?

I wouldn’t go so far as to suggest that the Fed has had no influence over this last leg of the rally, but, clearly, something else is happening. I believe the stock market is reacting to improved corporate earnings.

CAPITAL IDEAS: How much will the Federal Reserve cut interest rates?

Spoiler alert: The Fed will cut interest rates a lot in 2024, at least according to the Fed’s own expectations.

CAPITAL IDEAS: Should you sell your stocks after the market hits an all-time high?

The nuanced answer to that question, as always, is “it depends.” It depends on tax consequences. It depends on cash needs. It depends on suitable alternatives. It depends on the current investment composition.

CAPITAL IDEAS: Recession concerns are fading

Although sentiment is high relative to months ago, its current level remains historically consistent with a recession.

CAPITAL IDEAS: The most interesting things that have happened in 2024 (so far)

While not a tailwind, 2024’s momentum does not suggest a headwind for the entire year.

CAPITAL IDEAS: Owe the IRS less in 2024 — how the rich avoid taxes and you can, too

Excerpts below from "Don’t Run Out of Money in Retirement" discuss the broader use of these so-called billionaire strategies and how many of us can use them despite not yet achieving an ultra-rich status.

CAPITAL IDEAS: The charts that defined the markets for 2023 and how they will shape 2024

History doesn’t always repeat itself—at least not immediately. Often, a reversion to the mean occurs.

CAPITAL IDEAS: The top-searched investment terms of 2023

According to the data collected by Investopedia, these were the top 10 most-searched economic and investment terms for 2023.

CAPITAL IDEAS: Health Savings Accounts — reduce your tax liability with an uncommon investment trick

Regarding tax avoidance, think of the HSA as an IRA (Individual Retirement Account) on steroids.

CAPITAL IDEAS: The Fed is expected to cut interest rates next year

According to the CME Fed Watch Tool, the odds are roughly 50 percent and 80 percent for the Fed to begin cutting rates by May 2024 and June 2024, respectively.

CAPITAL IDEAS: How to invest in an election year

Election years can be divisive ideologically, but investors can take advantage of how politics affect stock prices.

CAPITAL IDEAS: Get ahead in retirement by eliminating junk fees

I applaud the White House’s effort to “eliminate junk fees.” I didn’t fact-check the administration’s math, but I agree with their assessment that “these costs add up.”

CAPITAL IDEAS: Corporate bankruptcies threaten the U.S. economy

The whole of the U.S. economy is humming along. The thing about that is recessions don’t bring down the entire economy at once. Broad recessions happen after certain “pillars” break down and, eventually, everything collapses.

CAPITAL IDEAS: When will the stock market correction turn around?

Assigning a specific date to when the stock market correction will turn around would be a wild guess. Fortunately, I make wild guesses all the time. I offer two possibilities.
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