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The Independent Investor: Dementia & Your portfolio
By Bill Schmick,
03:33PM / Thursday, September 29, 2016

As more Baby Boomers reach retirement age, few elderly investors are willing to discuss a growing risk to their portfolio. The onset of diminished mental capacity can cause huge losses in your life savings. Many only realize the problem in hindsight. Don't let that happen to you.

The facts are concerning. For example, one in nine people, age 65 or older, suffer from some form of dementia. That skyrockets to one in two people over the age of 85. What's worse, there are at least 18 different diseases that bring on dementia. Alzheimer's disease is only the most prevalent of causes. No one can predict who will get this disease, but we do know that the older we get the higher

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@theMarket: The Same Old Song
By Bill Schmick,
06:16PM / Friday, September 23, 2016

Investors have been waiting all year for that elusive interest rate hike promised by our central bank. September proved to be another false start. Once again, markets rallied on the news, the dollar fell, and investors were happy. So what's new?

As we have written so many times in the past, investors and markets are fixated on a Fed rate hike. Now everyone's attention is on December. Janet Yellen, the Fed chieftain, indicated that she could see at least one rate hike this year — if the data warrants it. The problem is the economic numbers are, at best, inconclusive.

Even the central bank, in this last go-around at the FOMC, lowered its forecast for the future,

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The Independent Investor: The Impact of One Bad Apple
By Bill Schmick,
06:31PM / Thursday, September 22, 2016

For years, the mantra of Corporate America has been that they are drowning in government rules and regulations. Small business has echoed that refrain, as has Wall Street. The problem is that these same entities continually shoot themselves in the foot.

Over the last two weeks, thanks to Wells Fargo in the banking sector, and Mylan Labs in pharmaceuticals, Corporate America has once again reminded us of that business just can't be trusted. In the case of Wells Fargo, over 2 million fictitious customer accounts were opened over several years in order to meet sales goals.

Critics say Mylan Labs' 500 percent increase (since 2007) in the cost of a device called EpiPen that

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@theMarket: Much Ado About Nothing
By Bill Schmick,
06:25PM / Friday, September 16, 2016

It has been a volatile week in the markets. The averages have rocketed up and down by a percent or more as traders bet for and against a Fed move on interest rates next week. Does it matter?

If you aren't tired after more than two years of reading what the Fed may or may not do, you have the patience of Job. Whether an interest rate hike happens next week during the FOMC meeting or in December should not mean much to the market. But it does.

When fully 70 percent or more of daily trading activity is now in the hands (or keyboards) of high-frequency traders (HFT), short-term moves are where they make most of their money. During the summer months, they practically starved to

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The Independent Investor: Woman Need to Invest More
By Bill Schmick,
02:34PM / Thursday, September 15, 2016

We all know women generally make less than men. On average, female workers make 77 cents for every dollar a man earns doing the same job. If you are a woman of color, or work in some lower paid industries, the gap could be even wider. It is one of the reasons women need to invest and save more, not less.

That may sound counter-intuitive. After all, if you are making less, you have less to save and invest. You are absolutely right, but there are important reasons that you still need to save more. One of the main reasons is that the chances are you will live longer than your male counterparts by about five years.

That means if you are living on $50,000 a year, you will need

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