No financial planner can know what the future will bring, and none should pretend to. Markets, stock prices and ultimately return are all beyond anyone’s calculation or control. Any plan that reacts to market events is a plan that is doomed to fail, so a successful investor must appreciate that markets are unpredictable and accept […]
As a newcomer to financial planning, entering the world of investing without some basic principles to follow can feel a lot like Alice tumbling down the rabbit hole. All of a sudden, you find yourself in a bizarre alternate reality where normal, everyday language is replaced with “securities,” “beta,” “alpha,” “tranches,” “futures,” and “REITS.” You […]
If you’ve been with us long enough, you know that we value efficient diversification on a very large scale. True diversification decreases your risk without decreasing your expected return over long periods of time; an invaluable component of a robust financial plan. Not only do we invest in thousands of different securities, but we also invest across […]
Forefront in many of our minds lately has been the looming “Fiscal Cliff.” Over the past few months we’ve received a lot of questions from people, maybe even you, about whether they should be making financial moves in anticipation of the “cliff.” Our answer was always the same, and sounded something like this: “We don’t know […]
Once again, the S.E.C. proposal to hold all brokers to a fiduciary standard has run aground. This from a September article in Bloomberg by Jesse Hamilton and Margaret Collins: Retail investors typically put their money in the hands of broker-dealers or investment advisers. Brokers earn commissions on sales and work under a professional standard that […]
