Trade Wars Are Nothing New

By |2020-01-22T20:16:34+00:00January 22, 2020|Uncategorized|

With the U.S. and China dominating the news over the last several months as they dispute tariffs being waged on each other, the headlines seem relentless, confusing and daunting. Let's face it, the terminology of trade wars and tariffs is complicated. And most people don't stop to investigate the history or context. The nonstop scare machine may cause you to feel the need to do something with your investments. Check out the attachment for a quick walk through history that highlights some of the major historic [...]

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They Changed The Rules AGAIN!

By |2020-01-09T20:50:25+00:00January 9, 2020|Uncategorized|

And here you thought you had things wired. But this is Congress we're talking about and there's a LOT of money at stake. Now, any plans you may have had for 'legacy' to children were just changed. One of the most significant changes made by the SECURE Act to impact clients is the elimination of the ‘Stretch’ provisions for most non-spouse beneficiaries of defined contribution plans and IRA accounts. Under current law for those who have already passed away (or did by the end of 2019), [...]

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The Market Has No Memory

By |2020-01-08T20:56:37+00:00January 8, 2020|Uncategorized|

In an email on Jan 3rd about 'Prediction Season' and yesterday's email about 2019's historic market rise, the bottom line is that markets react from current news, policies, projections, and regulations. They project forward, usually reflecting that they are or are not bothered by the same things you or I, individually, are. This is a good letter from David Booth, Executive Director and Founder of DFA, on what's really important regarding the big picture of investing. John Bogle, founder of Vanguard, would've agreed. "I have worked [...]

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It’s Official: 2019 was the Greatest Year in Stock Market History

By |2020-01-07T22:08:27+00:00January 7, 2020|Uncategorized|

As everybody gets back into their routines, and hopefully recovering from that crazy cold/sinus/flu bug that snagged a few of us, it's time to acknowledge a 'first' and do a little celebrating. The following article is a composite from several business and market resources. As the old saying goes, numbers don't lie - though sometimes we like them and sometimes we don't. And last year, everybody that had money properly invested did very well. Let's look. "America is having its greatest stock market rally ever! The [...]

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Let The Prediction Season Begin

By |2020-01-02T22:13:48+00:00January 2, 2020|Uncategorized|

At the beginning of every year, market pundits come out of the woodwork to forecast returns for the coming year. Even though there is overwhelming evidence that market forecasting is a fruitless endeavor, legions of investors hang on every word and amend their long-term investment strategies based on short term predictions. This behavior can lead to some very expensive mistakes. An article that reinforces this point recently appeared in the New York Times by Jeff Sommers. It is well worth reading. In fact, you may want [...]

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Say It Isn’t So, Jim!!

By |2019-10-15T21:12:20+00:00October 15, 2019|Uncategorized|

After taking on Jim Cramer for over a decade now - as he pontificated and prognosticated (in my opinion) to the detriment of his viewing investors, it seems I'm finally vindicated. Hopefully, at least, in the eyes of his many devoted acolytes who I've continually heard from over the years. Jim it seems has "converted!" Yes, you read that right. At this point, I can't help being just a tad snarky and self-congratulatory by just putting in a little dig. To wit: based upon his past [...]

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Market Jitters? Perspective is Everything

By |2019-08-28T20:59:54+00:00August 28, 2019|Uncategorized|

Ok, it was another roller coaster day last Friday. And, here's what's interesting. About a week and half ago, I had someone tell me the market was high, so they shouldn't make any changes. And then last week, I had someone say: the market's fallen, so we shouldn't make any changes. Well.... which is it? Too high or too low? What we have here is something called 'recency bias'. "Recency bias" is the phenomenon of a person most easily remembering something that has happened recently, compared to [...]

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Measuring Marathons with a Ruler

By |2019-03-21T20:46:39+00:00March 21, 2019|Uncategorized|

One of the most challenging aspects of being a prudent investor is recognizing the difference between short-term noise and long-term evidence. With billions of market data points available instantaneously 24/7/365, it’s easy to find yourself measuring what equates to a 26.2-mile journey with a 12” ruler. The investment industry and its corresponding news cycle aren’t much help here. We’re naturally conditioned to look at investment “results” in statistically noisy and historically very short time periods: calendar quarters, calendar years and even 3 to 5-year time frames.    [...]

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Investing Advice from a Hedge Fund Manager

By |2019-03-01T00:32:17+00:00March 1, 2019|Uncategorized|

You've heard about them; they're risky. Few seem to make money for their investors. But they get a lot of attention when they do.  So wouldn't it be interesting to know where hedge fund managers invest their money?  You might be surprised at the answer.    Hedge funds are investment partnerships that employ a fund manager seeking to maximize investor returns, usually through aggressive investing strategies. Aiming for market-beating returns, these investment vehicles often invoke high-risk, complex strategies.       The "hedge" part of their name comes from their practice [...]

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The Madoffs Among Us

By |2019-02-20T17:36:09+00:00February 20, 2019|Uncategorized|

When teaching my Income in Retirement college classes, there is a section on preservation of capital embedded within the investment strategies portion. In my book, preservation from fraud and theft are even more important discussion topics because the methodologies to separate you from your money are many. And they are often aggressive. In my recent reading 'travels', I came across this article about a gentleman who has written an interesting treatise on the subject and so is worth sharing. His findings bear witness to the necessity [...]

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