How Fast The World Can Change
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.
The Impact of Low Rates
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.
How Much Income is Enough
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.
Will I Have Enough
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.
The Great Market Plunge of 2019
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 the fourth quarter of 2018.