Categories for Investor Discipline

Five Technology Behemoths

October 15, 2020 12:00 pm

If you want to see, perhaps even enjoy, an exercise in futility, run a search in Google on this phrase: 2019 predictions about the stock market in 2020 As you’ll find, the search returns dozens of articles containing hundreds of predictions from market pundits about how they expected 2020 to unfold for the economy and the stock market. Some were... View Article

Roth Conversions are a Big Deal

October 15, 2020 8:00 am

It is no secret 2020 took the world by surprise and will be the year we all remember. It also seems investors have learned there are many things we certainly cannot control. However, when it comes to financial planning, and in particular tax and retirement planning, there are significant opportunities we all should consider now since they may not be... View Article

History and Presidential Elections

October 6, 2020 8:00 am

What History Tells Us About US Presidential Elections and the Market It’s natural for investors to look for a connection between who wins the White House and which way stocks will go. But as nearly a century of returns shows, stocks have trended upward across administrations from both parties. Stocks have rewarded disciplined investors for decades, through Democratic and Republican... View Article

Don’t Just Do Something, Stand There!

July 22, 2020 8:00 am

Vanguard founder John Bogle once famously advised investors on how to handle stock downturns: “Don’t just do something,” he said. “Stand there!” It is a wry and wise way of turning the conventional wisdom about what to do in bear markets on its head. When panic grips the stock market – as it did in February and March of this... View Article

How Fast The World Can Change

April 9, 2020 9:00 am

On February 12, the Dow Jones Industrial Average closed at an all-time high of 29,551. At that time, the economy was humming, corporate earnings were rising and unemployment was at lows last seen during the mid-1950s. While global health experts were increasingly worried about a potential pandemic caused by a new Coronavirus, it seemed to be something that was off... View Article

The Impact of Low Rates

March 11, 2020 10:00 am

Last week, we saw market movements that signaled a low-yield environment. Since then, rates have continued to fall.  Currently the 10-year treasury is trading close to 50bps and the entire yield curve is pricing at below 1% for the first time in history. Although these unprecedented movements may reflect more short-term fears, we believe they should motivate a revaluation of traditional... View Article

Should I Be Buying or Selling Stocks Now

March 2, 2020 10:00 am

It seems investor sentiment has quickly changed since the beginning of the year, not to mention from just about 10 days ago as witnessed by the recent stock market decline. Many argue “why” this has happened and here’s a quick look at the potential reasons: Coronavirus: Most argue this is the primary reason for the recent market sell off. Its certainly terrible what is happening across... View Article

How Much Income is Enough

February 19, 2020 9:00 am

Everyone has a different value of a dollar. Regardless of how we view our investments, manage our liabilities, claim our social security benefit, and many other financial decisions, the illusion of wealth is real. If given the choice of receiving $100,000 at the start of your retirement or $500 per month for the duration of your retirement, which would you... View Article

Will I Have Enough

January 16, 2020 11:00 am

Many investors in retirement have certain goals in common: more money rather than less, minimal wealth volatility, and enough financial cushion to cover the extra costs of, hopefully, living a very long life. Retirees have generally tried to meet those goals with a simple rule of thumb: hold a balanced stock/bond portfolio and withdraw at a sustainable rate. Historically this... View Article

The Great Market Plunge of 2019

January 16, 2020 10:00 am

It was in this letter exactly a year ago that we sought to provide some perspective about the steep decline stocks had just experienced in fourth quarter 2018. Over the course of just a few trading sessions in December, the Dow Jones Industrial Average declined 12%, and the Russell 2000 small stock index fell 14%. The plunge sent the major... View Article