Articles by Nick Massey
About Nick Massey
Nick Massey is a retired financial advisor and CFP, and former President of Massey Financial Services. He can be reached at firstname.lastname@example.org.
You may not have heard of Edwin Drake, also known as Colonel Drake, but he was an American businessman in Pennsylvania and the first American to drill for oil successfully. He lived from 1819 to 1880, but his legacy has much to do with the high standard of living we all enjoy today.Read More
It seems you can’t read an investment column or watch a business news story lately without hearing about AI (Artificial Intelligence). I’m certainly no expert on this topic, so I can write from the viewpoint of someone who knows little about this technology. But I do know a lot about the cycle that new life-changing technology goes through. Some people say AI is the greatest investment opportunity since the internet. That may well be true, but caution is warranted here.Read More
To be a good long-term investor, you need a certain degree of optimism. Optimism is good, but sometimes you need a little near-term pessimism, or you can end up waiting a long time.Read More
Are you as confused as most people with all the conflicting data and advice from economists and other forecasters? Who do you believe? On the one hand, this, on the other hand, that. Which is it? To paraphrase Harry Truman, “Somebody please find me a one-armed economist!”Read More
It’s been said by some that, with chemotherapy, there is a fine line between killing the cancer and killing the patient. You could probably say the same about the Fed in their efforts to monitor banking institutions. As you probably know from some of my past columns, I’m not a big fan of the Federal Reserve. I haven’t gone on a good ole fashion rant in a while, so here goes.Read More
On Oct. 28, 2007, I wrote a column titled, “The Downside of Protectionism.” “During the Roaring 20s, the world economy benefited from that great era of globalization and free trade. Then, as now, global trade made a lot of people uncomfortable. And in both cases, politicians responded to public sentiment in exactly the wrong way, by attempting to stop or slow foreign competition. There is some danger that they could do it again.”Read More
Recently, there was a very significant day in stock market history. Thirty-five years ago, October 19, 1987, was one of the most dramatic days of all time in the financial markets. The Dow Jones Industrial Average dropped 508 points, or 22.6%, that day. The Dow went from 2,246.74 to 1,738.74, the largest one-day percentage drop in history. It wiped out 14 months of gains in only a few hours. Black Monday destroyed $500 billion of stock values and $1 trillion worldwide.Read More
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