Investing is risky. That’s no secret. But I find that many investors get fixated on the elements of risk that matter least and ignore the risks that matter most. When I meet with new clients I try to focus the … Continue reading
Finally, investing is fun again. The stock market is up more than 100 percent over the last four years. Bonds continue their 30-year record of positive returns. Gold’s been on a long winning streak and real estate is back on … Continue reading
Does one percent matter? If you’re watching the balance in your portfolio for one year, the difference between an eight percent return and a seven percent return can be a fair amount of money, but won’t really change your life. … Continue reading
Good question, and one asked recently by a potential client. When should asset allocations change in a portfolio? The when, why and how of allocation changes should be as transparent as indexing itself, and it is.
Fiscal cliff, high unemployment, euro crisis, stalled economy, divisive election, Congressional gridlock, US debt downgrade, nuclear threat. If you watched the news in 2012, you’d be convinced it was a dismal year for the markets. But it wasn’t. Quite the … Continue reading
“I never want to lose money.” This sounds like a modest and reasonable investment goal, one that would be far easier to achieve than one that, for instance, aims for significant growth over a long time span. But is it? … Continue reading
Now and then a great business emerges because it does something no one else can through a breakthrough technology or discovery. But far more often, success comes to those who simply “do things better.” This may mean improving the auto … Continue reading
When we ask what your portfolio looks like, we mean it literally. We find that a visual representation of a few critical metrics can tell us a lot about your portfolio and how it can be expected to perform. Let’s … Continue reading
If you had $50 billion to invest, how would you do it? Let’s take a look at the investment strategy of the Massachusetts Pension Reserves Investment Management board (PRIM), which invests that sum for the benefit of state employees, teachers … Continue reading
Each of my 25+ years in the investment industry has reinforced one key idea it's impossible to predict the future, but essential to prepare for it.
This blog discusses developments in the economy, politics, and the markets, all from the perspective of what matters most to individual investors. Don't look for wild predictions, urgent stock picks, or hot deals. Instead, expect clear, practical ideas on investing and wealth preservation that help investors make responsible financial plans.