Quarterly Client Letter – 2020 Q1

“What the imagination can’t conjure, reality delivers with a shrug.” —Trumbo (movie voice-over) Brace yourself. Your newly released quarterly reports are highly, highly likely to leave you feeling at least a little disheartened. No matter how much we’ve blathered on about preparing for perilous times like these, planning for it versus actually enduring it is about the same as watching …

Quarterly Client Letter – 2019 Q4

By now, you’ve probably seen a few – or a few thousand– retrospectives on the past year and the past 10 years … with a few 20-year reflections thrown in. Maybe it’s the nice, round new year number. (Although, technically, it may not be the dawn of a new decade until 2021.) Maybe it’s the surprisingly strong 2019 returns, even …

Quarterly Client Letter – 2019 Q3

If we asked you to hold your breath or stop blinking, how long could you do it? A minute, maybe two? Now, what if we asked how long you could go without being moved by the latest headline news? Impeachment unrest, Hong Kong protests, Brexit stress, climate change, inverted bond yields, the price of oil … you name it. There’s …

Quarterly Client Letter – 2019 Q2

Amid tariff wars and temporary truces, Brexit bewilderment and historic Hong Kong rallies, the global thermometer isn’t the only gauge that may leave you and your investment temperament reeling between cooling chills and hot thrills this summer. Let’s take a refreshing journey back to May 2018, when the CFA Institute hosted its 71st Annual Conference in (of all places) Hong …

Quarterly Client Letter – 2019 Q1

Another quarter has come and gone; a tick of the second hand in your lifelong financial journey. At this moment, we can compare and contrast the current quarter-end to recent rounds. As a Wall Street Journal article summarized, “Stock investors have been on a wild ride the past six or so months: The S&P 500 has gone from a record …

10 Things To Do Right Now While Markets Are (Not Really) Tanking

 “This is a test; this is only a test. Had this been an actual emergency …” The truth is, the markets are not tanking as we write this piece. In fact, overall market temperatures have been so mild for so long, many newer investors have yet to weather a perfect market storm. Even if you have, you may have forgotten …

You, Your Financial Well-Being and the Federal Reserve

After nearly a decade of leaving the federal funds rate at zero percent, the time finally came on December 16, 2015: The U.S. Federal Reserve (the Fed) raised the federal funds rate by 0.25 percent. Because it was the first rate increase since June 2006, it was reported as “a historic moment.” Since then, the Fed has made several modest …

Key Questions for the Long-Term Investor

November 2017 Focusing on what you can control can lead to a better investment experience. Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of the questions below. Trying to answer these questions may be intimidating, but know that you’re not alone. Your financial advisor is …