A CPA financial planner just forwarded me a weekend news account noting that Worth magazine has fired its entire 40-person staff. Murky plans are apparently afoot to hire most of the staff back and put out at least a few more issues, but the writing is clearly on the wall. The entire magazine industry is in an advertising slump, and financial how-to magazines - publishing in the fourth year of a scary bear market - are clearly feeling much of the pain.
I imagine many investors are a lot like me - warily eyeing their unopened brokerage and 401(k) statements these days, and often letting them gather dust on the kitchen table. Quite a different picture from the heady days of the 90s when we all eagerly ripped them open to see how many thousands more we’d earned last quarter by doing nothing at all.
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