“No amount of sophistication is going to allay the fact that all of your knowledge is about the past and all your decisions are about the future.” Ian E. Wilson (former Chairman of GE) “Investing is the act of positioning capital so as to profit from future developments.” Howard Marks (Economist at Oaktree) … Read More
With your personal security in mind, we are pleased to announce that two-factor authentication will be required to access our client portal starting November 15th. This change simply means that when you try accessing the client portal, you will be asked to provide your password along with a second piece of information (either an answer… Read More
By Tim Egart, CFP®, AIF® A week ago, our nation passed the 20-year anniversary of the September 11th attacks – a day in our history that stands still. Many, if not all of us, can remember the first moment we witnessed the awful scene unfolding across our country. Every year since that awful day, we… Read More
Death is an unpleasant topic to consider, but when it comes to your estate, it’s not something spouses can afford to avoid. We explain why in this article. Read More
By Todd Brand, AIF® “Be careful who you call your friends. I’d rather have four quarters than 100 pennies.” -Alphonse “Al” Capone I’m just the kind of guy to begin an announcement regarding our firm’s Vice President, Phil Daniels, with a quote from Al Capone. But there, now that I’ve broken the ice, I can speak… Read More
It’s impressive to see how far we’ve come since the pandemic began, but many storylines continue to unfold. From near complete global lockdowns to the discovery, large scale production, and now global distribution of the vaccine, slowly but surely, progress is making its way through the global economy. Early on, the rebound in the US… Read More
The second quarter saw the continuation of a powerful economic recovery due to fading of the pandemic and massive fiscal and monetary stimulus. US vaccinations have increased significantly with 46% of US adults now fully vaccinated, 54% with at least one dose, and 86% of the population over age 65 having received at least one… Read More
It’s fair to say a lot happened in the first quarter of 2021. We began the quarter with a contested election, and then the inauguration of a new administration. The investing lexicon expanded as we experienced our first (but likely not the last) “meme stock craze”. By the end of the quarter, 97.6 million people… Read More
For most of the last decade, the US stock market had been trending generally higher year after year. That was until the fourth quarter of 2018 gave us a scare. Back then we remarked how it was the first drop of greater than 15% in seven years and how unusual that was (because on average it happens once every three years – see the chart below, a version of which we also shared in our 2018 year-end market commentary). Read More
Following the best quarterly performance for US stocks in 23 years, the S&P 500 continued to move higher throughout most of the third quarter. At one point in early September, the S&P 500 was +15.9% for the quarter and posting new all-time highs. Read More