Elephants & Donkeys vs. Bulls & Bears…. Oh My!!

The 2016 presidential race has already offered plenty of surprises.  But what could it mean for the economy and the markets; and, ultimately, your financial picture? We’ve got a lot of uncertainties in this election; and if there’s one thing markets hate, it’s uncertainty.  Predictably, the markets have had a bumpy ride that will continue […]

An Explanation for Why We Haven’t Seen A Correction

This chart shows the price action of the S&P 500 since the last official correction back in the second quarter of 2012, and the red portions indicated each market selloff greater than 3% since then. Let me point to three important observations: Markets Dip Often:  Investors were forced to endure ten separate instances of the […]

It’s Not What You Know, It’s What You Don’t Do…

Traditional Financial Advice Has Failed – And the Statistics Prove It:   More than 95% of the population is failing to retire with financial security. – U.S. Department of Health Education and Welfare For the twenty years ending in 2013, the S&P 500 Index averaged 9.22% a year. The average equity fund investor earned a […]

“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?”

“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?”  –excerpt from Auld Lang Syne, a Scottish poem written by Robert Burns in 1788. My response is a resounding YES!   Although traditionally this song is used to celebrate the start of the New Year at the stroke of midnight, it is also sung at funerals […]

Naughty or Nice?

Ever since Gordon Gekko told us that “Greed was good,” Americans have justified their love affair with their stock market investments.  This year they have embraced a new mantra: “SIN IS IN.”   Believe it or not, “socially irresponsible,” or “vice” stocks – which include, drinking, smoking and gambling stocks – seem to be paying off […]

2011 Third Quarter Scorecard

We’ve witnessed historic levels of market volatility during the third-quarter. The market worried about euro-zone sovereign debt, as well as, lingering economic weakness in the US and many other countries around the world. THE THREE D’s Rob Arnott from Research Affiliates, relates his view of the structural headwinds in the US economy- what he calls […]

You’re Gonna’ Need a Guide for This Safari

In all the years I’ve been practicing, I personally can’t recall a time that is been so difficult to manage clients’ portfolios and to provide them solid advice; primarily because of the great deal of uncertainty that exists. The need for credible information couldn’t be greater; and it’s my responsibility to be able to communicate […]