Picks and Shovels

Picks and Shovels The 1848 discovery of gold at Sutter’s Mill in Coloma, California resulted in several hundred thousand prospectors rushing to strike it rich during the California Gold Rush. For most, the dream of riches remained just that, as most prospectors had little to show for their efforts. However, you did not have to […]
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CNBC Worldwide Exchange Interview | June 23, 2023

India is an ‘absolute long-term story,’ says wealth management firm | CNBC Worldwide Exchange Interview Philip Palumbo of Palumbo Wealth Management explains why he prefers the Indian market to the Chinese one.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and […]
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Wherever You Go, There You Are

Wherever You Go, There You Are The market is expert at making prognosticators look foolish. Great Depression-era economist John Maynard Keynes, the primary architect of modern economics, once said “Markets can remain irrational longer than you can remain solvent”. It essentially means that the market has a mind of its own. It is more than […]
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Liquidity

Liquidity Liquidity is one of the most confusing words in finance. The fact that it has multiple meanings, depending on the topic at hand, certainly doesn’t help matters. While we prefer to avoid that word, this is one of those times when it is unavoidable. In this case, liquidity is the amount of money sloshing […]
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“There will be time enough for countin’ when the dealin’s done”

“There will be time enough for countin’ when the dealin’s done”1 Many people view the stock market as more gambling than investing, which is easy to understand as the market seems to constantly have unpredictable gyrations both up and down. If you want to gamble on the stock market, you certainly can, and many people […]
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