BUZ LIVINGSTON: Money, music and JJ Cale

Published: Thursday, August 1, 2013 at 05:10 PM.

Active managers claim they outperform during bear markets and while they may hold more cash during market downturns scant evidence exists that they outperform. The last time I looked, the market timing Hall of Fame was pretty empty. Like P.T. Barnum, the investment industry suckers people with the dream of market-beating returns. Don’t fall for it.

 Intracoastal Levee Repair Update

Looks like the repairs will cost more than expected. Some Congressmen are putting markers down on government spending with respect to the debt ceiling.  Failing to raise the debt ceiling is no different from deciding not to pay your credit card bill every month.  Dave Ramsey gives lousy investment advice (see above) but the federal government is following Ramsey’s advice regarding debt. 

Like good Ramsey acolytes, our country’s debt level dropped dramatically mainly because of an improving economy. Northwest Florida’s economy will benefit from a fully functioning Intracoastal Waterway repaired with federal tax dollars. 

Regardless of how your bills come, electronically or snail mail, only the fiscally irresponsible ignores them — and that precisely encompasses the debt ceiling debate.


Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida ’s Emerald Coast .  Contact him at 850-267-1068, Buz@LivingstonFinancial.net or www.LivingstonFinancial.net.

1 2 3

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top

Local Faves