The Top Ten Money Excuses

Human beings have an astounding facility for self-deception when it comes to our own money. We tend to rationalize our own fears. So instead of just recognizing how we feel and reflecting on the thoughts ...

Client Letter – Q3 2012

During the past quarter, the world-wide equity markets performed fairly well, helping our 1-year returns look very strong.  The chart below shows the 3-month, 1-year, and 10-year performance of many DFA ...

Another Wall of Worry

Stock prices rallied sharply around the world in the third quarter, with forty-two out of forty-five countries tracked by MSCI showing positive returns in US dollar terms. Total return exceeded 10% in ...

Age may bring wisdom but not when it comes to your finances

As we age and gain experience we should get wiser, right? We’ve learned a lot from our mistakes and those of others and we gain a sense of calm and deliberation that we may not have had in our younger ...

Balanced portfolios are beating the hedge funds so far this year

The investment climate has been almost manic over the last year, with wild swings in global markets due to economic news and the financial crisis in Europe. At times like these some in the investment ...

Gold’s reputation as an inflation hedge is vastly overdone, study says

Gold has soared in popularity in recent years as a hedge against inflation and weak currencies. Unfortunately for the gold bugs, a new study shows it is neither. In fact, the only time period for which ...

Do not go into retirement without addressing the risks

Retirement can be the most exciting and rewarding time of all, but, like any other stage in life, there are unique financial risks that need to be addressed. Longevity, inflation, health care needs, the ...

Knightmare on Wall Street

Question: Which of the following statements applies to last week’s stock market behavior? Computer errors at a major trading firm generated millions of faulty trades, causing dramatic and puzzling ...

Trying to avoid risk can be very costly

Some investors today are doing what worried investors always seem to do in times of stress—trying to avoid “risk” by buying the “safest” assets. In this case that has meant buying ...

What will the presidential election do to the market?

Spoiler alert: You are about to hear what effects this year’s Presidential election may have on the U.S. stock market six months down the road. Are you ready? The answer is probably not much. That’s ...