Well, here it comes! Expected to rival the rout of 1994, next Tuesday should see a relatively large turnout.
Why? Because all of those who sat on their hands before, thinking their votes weren’t worth the trouble, have had a chance to see what happens when apathy rules. And they’re not about to sit still this time and let us get deeper into the hole.
While the only question remaining seems to be how much of a rout it will be, until the day after, there’s no telling who will represent us going forward. But, I do have a wish list for the electorate, and it goes like this:
Current Events, Food for Thought, NAIC Veterans' Lounge
For the second year in a row, the Consumer Price Index has not increased and the Social Security Administration has announced that there will be no Cost of Living Adjustment (COLA) raises going to Social Security recipients, disabled workers, or survivors of deceased workers this year. And the seniors are up in arms about it.
Now, mind you, I’ve been a senior citizen—for quite a while now. And Social Security makes a welcome contribution to my retirement income. But the sole purpose of the COLA provision was to help people overcome the ravages of inflation; and, if there ain’t any, they don’t need that protection!
Sure, I’m familiar with the argument that the increase in cost of the things important to seniors, like food and medicine, has not abated; and the the things that held prices down were those that did not affect them.
Current Events, Food for Thought
I was exploring some ideas for my watch list, and one of the companies that surfaced was Ebix (EBIX), a world-wide provider of custom software solutions for the insurance industry. It was recently ranked the third-fastest growing company in the world by Fortune magazine.
Now I’ve said many times that those who trade stocks and bet on the stock market are confused and bewildered. Nor do they have a clue as to what any stocks will do tomorrow. And, of course, that confusion is compounded by the contribution that technical analysis makes to the mix. As an example to bear out my conviction, I would offer the following two excerpts about Ebix from the Investors Business Daily, each appearing within three days of the other.
Food for Thought, Fundamental Investment Views, How to Invest, Investment Concepts, Successful Investing
My mission, when I started this blog, was to persuade my readers that “investing,” is not what the securities industry has spent gazillions convincing everyone it is: betting on the stock market, which is risky and unpredictable. Rather, “investing” is a simple means of earning money with your money. It can make you wealthy and is virtually risk-free. For at least this week, we’ll return to our roots and stick to the mission, both in this post and in Thursday’s on-line “radio” show.
Fundamental Investment Views, How to Invest, Investment Concepts, NAIC Veterans' Lounge, Successful Investing