The Devil Wears Nada

The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Much of the financial services industry works the same way. Fashion ...

Inflation: The Grinch Who Stole Your Purchasing Power

As the holidays arrive, there are many constants in life to be thankful for: family, friends, and experiences, just to name a few. As many of us gather around the dinner table, discussions of internet ...

Buying High And Selling Low: The Investor's Dilemma

Research released by Dalbar presents a grim evaluation of individual investors. The study reveals that over the 20 year period from 1982-2012, the average equity fund investor has earned an annualized ...

Living with Volatility, Again

Volatility is back. Just as many people were starting to think markets only ever move in one direction, the pendulum has swung the other way. Anxiety is a completely natural response to these events. Acting ...

The Google Effect?

What can’t Google do? Free email, customized searches, maps, apps, browsers, video—the list goes on. Now researchers claim to have found a link between Google searches and future stock market ...

Client Letter – Q3 2014

The third quarter of 2014 was a tale of two markets—large U.S. stocks and everything else. A handful of big stocks pushed up the Standard & Poor’s 500 Index by about 1 percent over the late ...

A Spoon full of costs makes the returns go down

In “Close Encounters with the Market Timers,” I discussed why having your portfolio managed actively may have serious consequences on your returns in the long run. As mentioned previously, ...

The Curve Ball

Market expectations about interest rates change because of news. This makes it very difficult to build a coherent investment strategy around a forecast. In a recent article, Bloomberg News noted that the ...

Social Security: Timing Matters

A few weeks ago Chris recommended that I read a new book, “Social Security Strategies”, to better understand some of the strategies that clients can use to get the most out of Social Security ...

How to Avoid the Next Madoff (especially if you work with a financial advisor)

Over five years ago, Bernard Madoff was sentenced to 150 years in prison for scamming many investors–both novice and expert–out of billions of dollars.  It surprised me that so many experienced ...