Pla2na/iStock via Getty Images Last week, a viewer of the Morning Show emailed me about risk management for retirees. He asked the single most important question retirees face and rarely get a straight answer to. “From an already retired perspective, and as one whose stock allocation is typically held in various index funds, if you see a market correction approaching, would you recommend reducing ...
Pla2na/iStock via Getty Images Last week, a viewer of the Morning Show emailed me about risk management for retirees. He asked the single most important question retirees face and rarely get a straight answer to. “From an already retired perspective, and as one whose stock allocation is typically held in various index funds, if you see a market correction approaching, would you recommend reducing market exposure, like maybe a 10% to 20% reduction? Once the correction is near or started, then re-enter if you are close to the bottom, or at least at the point that the market rises back through the point you sold. Many say just ride it out. I find it hard to watch an account balance drop $100K and not do anything to preserve capital. I thought you said one day you don’t like to do that either. Don’t ride it all the way down. Stop the drop?” – May 2026 He’s right. And the conventional advice he’s been given is wrong. Risk management for retirees is not the same as market timing, and the financial industry has spent the better part of three decades blurring that distinction. The blur costs retirees real money, because by the time they figure it out, they’ve already sat through a drawdown they didn’t need to take. So, why is the question of “should I just ride it out,” the same one that every retiree eventually asks? The “just ride it out” premise follows an age-old Wall Street narrative designed to keep you invested in the markets at all times. Why? Because that’s how they make money. The narrative is simple. “Markets always recover. Trying to time the top is impossible. If you sell, you’ll miss the rebound. So stay fully invested through every cycle.” That advice isn’t wrong for a 35-year-old with three more decades of contributions ahead of him. For someone in retirement, however, it’s a much harder argument to defend. A retiree isn’t adding new capital each month; rather, he is either close to, or is, drawing income out. The following is the more crucial aspect of “tim...
Robert Daly/OJO Images via Getty Images Bogota Financial ( BSBK ) on Monday announced the acquisition of New Jersey-chartered GSL Savings Bank. The target company will merge into the unit Bogota Savings Bank to form Bogota Financial, MHC. The company will issue shares of common stock to the MHC in an amount equal to the fair value of GSL as determined by an independent appraisal. The shares will b...
Robert Daly/OJO Images via Getty Images Bogota Financial ( BSBK ) on Monday announced the acquisition of New Jersey-chartered GSL Savings Bank. The target company will merge into the unit Bogota Savings Bank to form Bogota Financial, MHC. The company will issue shares of common stock to the MHC in an amount equal to the fair value of GSL as determined by an independent appraisal. The shares will be issued immediately before completion of the merger. The transaction is expected to close in the second half. GSL CEO Frank Giancola is set to become the executive vice president and COO of Bogota Savings Bank. The transaction is expected to be accretive to Bogota Financial's 2026 net income and EPS, and to its fully converted tangible book value. The merger is expected to increase BSBK's assets from ~$877.2M to ~$1.0B as of March 31. More on Bogota Financial Financial information for Bogota Financial
JHVEPhoto/iStock Editorial via Getty Images Introduction & Investment Thesis One of the best ways to protect capital is having demand inelasticity. The defense industry is the insurance for any portfolio because of the current geopolitical crises. However, there are some issues when the market decides the price of L3Harris Technologies ( LHX ). Because of its complex financial structure and histor...
JHVEPhoto/iStock Editorial via Getty Images Introduction & Investment Thesis One of the best ways to protect capital is having demand inelasticity. The defense industry is the insurance for any portfolio because of the current geopolitical crises. However, there are some issues when the market decides the price of L3Harris Technologies ( LHX ). Because of its complex financial structure and historical data, the stock price does not match with its intrinsic value. My analysis gives LHX a "Buy" rating. My relative valuation shows LHX as overvalued, but my DCF model gives us approximately a 20% upside potential, and I will explain the reasons and math behind this situation in this article. To understand LHX, we should understand its segments well and build a model on these segments and their power. Macro Outlook: A New Paradigm in Defense Spending The global defense budget has reached a historical peak in recent years because of the current geopolitical crises. Modern warfare does not just belong to land warfare but also to electronic warfare and space dominance. In the latest conflicts, we see that electronic warfare and missile warfare are among the most important things for national security. So, even if a country has the most developed war machines, they still need a control system behind them. In the end, governments mainly invest in these sophisticated systems instead of just producing hardware machines. At this point, we can see the competitive advantage of LHX. Other defense giants mainly produce big platforms like nuclear submarines or bombers. On the other hand, L3Harris produces the brains of all of these products and produces the engines of these rockets thanks to the Aerojet Rocketdyne acquisition. L3Harris works as a subcontractor in many projects. For example, the F-35's main contractor is Lockheed Martin; however, LHX produces the electronic systems of the F-35 as a subcontractor. LHX has elasticity in these projects because it is not the primary contra...
The Global X - Defense Tech ETF (NYSEMKT:SHLD) offers lower costs, while the Invesco Aerospace & Defense ETF (NYSEMKT:PPA) provides a deeper track record and higher recent total returns. Both ETFs provide targeted exposure to the defense and aerospace industries, serving as defensive plays or thematic growth vehicles. While the Global X fund captures newer defense technology trends, the Invesco fu...
The Global X - Defense Tech ETF (NYSEMKT:SHLD) offers lower costs, while the Invesco Aerospace & Defense ETF (NYSEMKT:PPA) provides a deeper track record and higher recent total returns. Both ETFs provide targeted exposure to the defense and aerospace industries, serving as defensive plays or thematic growth vehicles. While the Global X fund captures newer defense technology trends, the Invesco fund focuses on established U.S. homeland security and aerospace operations. This comparison weighs cost against performance history. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Computex 2026 is kicking off in Taipei, Taiwan this week, where Nvidia, AMD, Qualcomm, Intel, and other tech brands are announcing new laptops, handhelds, chips, and more. Nvidia unveiled RTX Spark , its first family of consumer PC chips, arriving in laptops and mini PCs starting this fall. Intel is launching two new custom chips made for handheld gaming devices, the Arc G3 and Arc G3 Extreme , wh...
Computex 2026 is kicking off in Taipei, Taiwan this week, where Nvidia, AMD, Qualcomm, Intel, and other tech brands are announcing new laptops, handhelds, chips, and more. Nvidia unveiled RTX Spark , its first family of consumer PC chips, arriving in laptops and mini PCs starting this fall. Intel is launching two new custom chips made for handheld gaming devices, the Arc G3 and Arc G3 Extreme , which will power the upcoming Acer Predator Atlas 8. Qualcomm is taking aim at the MacBook Neo with its new entry-level Snapdragon C platform . Meanwhile, AMD’s responding to RAMaggedon by launching new versions of its old hardware and promising support for AM5 through 2029. Follow along here for the latest news and updates. These are the first Nvidia RTX Spark laptops Asus just announced the OLED Xbox Ally X of my dreams Adobe Premiere and Photoshop are optimized for Nvidia Spark laptops. The first confirmed Nvidia RTX Spark laptops. This is the Microsoft Surface Laptop Ultra with Nvidia RTX Spark Nvidia announces RTX Spark as ‘the most efficient PC chip ever built’ MSI put Vincent van Gogh paintings on two limited edition laptops. Only MSI could put this much dragon on a laptop. The MSI Katana and Venture laptops are getting a fresh redesign, but details are sparse. AMD’s new pitch: our old tech is so good you should just keep using it The QD-OLED gaming monitor that started it all got a big upgrade Dell is bringing back the XPS 13 as a MacBook Neo competitor — with a temporary discount to $599 MSI stuck a holographic AI capsule to its new desktop. This extravagant gaming laptop could ruin other screens for you Nvidia, Microsoft, and Arm are all teasing Nvidia’s new N1X laptop processors Acer’s launching a Linux handheld for streaming your PC games Microsoft teases new Surface hardware and ‘a new era of PC’ Acer’s answer to the MacBook Neo is a $699 laptop with Intel chips and 8GB of RAM This is MSI’s new Claw 8 EX AI Plus gaming handheld Qualcomm promises $300 Windows lapt...
Nvidia is entering the PC market with a new superchip. With Windows running on the chips, the company is going head-to-head with Intel and AMD, Tom Mackenzie explains. (Source: Bloomberg)
Nvidia is entering the PC market with a new superchip. With Windows running on the chips, the company is going head-to-head with Intel and AMD, Tom Mackenzie explains. (Source: Bloomberg)