Managing Risk when Rebalancing into Bonds It’s been hard to miss the amazing run up in stock prices over the past 12 months – the Dow Jones Industrial Average, for example, gained 22% in the year ended May 31 – and for some, that creates…
It’s been hard to miss the impressive run up in stock prices over the past 12 months – the Dow Jones Industrial Average, for example, gained 22% in the year ended May 31 – and for some, that creates a conundrum. Writing in the New…
Robert Powell, who writes for The Wall Street Journal’s MarketWatch website, offers six tips for college grads on how to prepare for not just a normal life but a rich one after graduation. Bob opens with some humbling and humorous advice. Jason Gay, sportswriter extraordinaire for The Wall Street…
In the May 2013 issue of Investment Advisor Magazine, columnist Bob Clark asks the question: Do we really need another book about financial planning? Bob is asking the question in response to the release of the CFP Board’s Financial Planning Competency Handbook, published by John…
Investing With a Broken Compass: the Broken Analogy While sitting amid the scattered pages of the Sunday paper the other day, leafing through the magazine section, we came upon a full page ad placed by BNY Mellon Wealth Management that offered the following opinion: The…
Last Call: Tax Day is Next Monday, April 15th While we normally take care of all of our clients’ account servicing needs, including IRA and retirement account contributions, end of business today (5:00 pm ET for the Vienna office and 5:00 pm PT for the…
Kelly Greene of The Wall Street Journal wrote an entertaining piece on the money lessons to be found in the popular show, “Downton Abbey”. The show has drawn a lot of interest in the U.S. with 8.2 million viewers tuning in for the Feb. 17…
We received this video from Brock Phillips in response to our post “The Great Misinformation: Why David Stockman is Wrong,” in which we refute Stockman’s pessimistic, dystopian view of America and its prospects. Here was Brock’s message: I enjoyed your e-mail about David Stockman’s article and…
In his 2004 book, The Wisdom of Crowds, James Surowiecki explored the many situations in which the collective wisdom of a group will surpass that of its smartest individual members. Surowiecki opens with an example reported by statistician and polymath Sir Francis Galton in 1906. Galton…
In this edition of the Digest, we discuss the implications of record stock market highs, the symbology of the four-leaf clover, tax reminders, our Vienna Retreat/Open House, and the start of March Madness. Rocky Mountain High – Have Markets Entered Nosebleed Territory? The eponymous John…