More than 240 years ago, the Founding Fathers decided they were fed up with excessive taxes imposed on them to fund the British Empire.
At the time, it was considered controversial to oppose the British royals as over half the population in the colonies supported its ties to England.
You might say it required independent thinking to pursue independence.
Otherwise, swear off individual stock picking, many market analysts suggest.
In the first half of 2017, the broad market indexes returned about 8% and the tech-laden NASDAQ 14%.
Still, if one were a free thinker, and interested in unique situations which might offer more compelling results going forward, stock-picking is worth a look in my opinion.
Of course, like our founders discovered centuries ago, the road to prosperity is fraught with difficulty.
The same holds true with trying to choose specific stocks, so my advice is to make sure you have an independent mind and heart before diving into active investing.
The results were the best since the global financial crisis in 2008 as all 34 entities tested were given the OK to raise their dividends and stock buyback plans.
In Europe, Mario Draghi spooked the markets and sent bond yields soaring by indicating the European Central Bank’s version of quantitative easing could start to be rolled back sooner than anticipated.
Walgreen’s decided to cherry pick the best stores from Rite Aid (RAD), which accepted a revised $5 billion offer after the government put the kibosh on a larger deal.
Nike (NKE) announced solid quarterly results, but it was the news of a partnership with Amazon (AMZN) giving it more control of how its sneakers are sold that got analysts stirred up.