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The Independent Investor: Tiny Houses Gain Appeal
By Bill Schmick,
05:01PM / Saturday, June 27, 2015

In this era of tight credit, high-priced McMansions and rapid life-style changes, the American Housing Dream may no longer be defined as a three-bedroom homestead on half an acre.

For many Americans of all ages, there is a movement afoot to downsize their living space dramatically.

The typical American house is around 2,600 square feet. Until recently, builders were taking the "barbell approach" by building bigger and bigger homes at one extreme and smaller and smaller apartments on the other. This trend, I suspect, largely reflected the growing disparity toward higher income inequality in this country. The rich, builders reasoned, wanted and could afford the

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The Independent Investor: Robo-Advisers Have Landed
By Bill Schmick,
04:00PM / Friday, June 19, 2015

Skynet, move over. The dawn of intelligent portfolio services is rising across the globe. Depending upon your individual circumstances, this trend could be an answer to many investors' problems.

Exactly what is robo-investing?  The dozen or so firms offering this service use computer algorithms, rather than humans, to manage your investments. They do so at a considerable cost savings to you, the retail investor. They offer a substantial discount in the fees they charge, compared to more traditional financial service advisers.

Until recently, many investors had two choices when deciding how to manage your retirement savings such as an IRA or inheritance, for example.

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The Independent Investor: Why Interest Rates Are Moving Higher
By Bill Schmick,
04:02PM / Friday, June 12, 2015

After two years of warning bond investors that their days are numbered, the recent hike in global interest rates is making some of those smug bond babies stay up at night. They should.

We are entering our ninth year without a Federal Reserve-inspired hike in interest rates. It has been over 25 years since bond prices have dropped by any appreciable amount. Given that time period, it is no wonder that bond bulls are taking all these warnings with a grain of salt.

U.S. investors have been expecting the Fed to raise rates at any time. Most pundits think that a small September or November hike in short-term rates is in the cards. The problem is that the Fed has told all of us that

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The Independent Investor: How to Run for President and Make a Fortune
By Bill Schmick,
11:03AM / Friday, June 05, 2015

Almost every day this week we received an announcement of yet another contender for the 2016 presidency, or an announcement that an announcement would be forthcoming. The reason for so many candidates however, may have nothing to do with winning the presidency.

Back in the day, it was rare to have any more than two or three candidates in each party (and maybe an independent) running in the presidential primaries. Over the last few years that number has tended to increase. This year it looks like we may set a record of most candidates seeking the country's highest office. As of this week, I think we have 10 announced with another eight or more coming.

Can all these

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The Independent Investor: Man's Most Expensive Friend
By Bill Schmick,
04:37PM / Friday, May 29, 2015

The pet business is booming. Last year, we spent $58.5 billion on our animal buddies and will plunk down an additional 4-5 percent more this year. The lion's share of that increase, after food, is going toward health care.

One reason for this growth is that a record numbers of Americans have pets today. The ASPCA estimates that there are 70-80 million dogs and 74-96 million cats that are homesteading in our houses. That means that approximately 37-47 percent of all American households own either a dog or cat. If you throw in birds, fish, rabbits and other small pets, nearly 70 percent of Americans own pets today.

There was a time when the experts could just tell you how

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