A Shift in Sentiment

On January 18, 2017 By

Regardless of whether investors are rejoicing or mourning after the November election, one fact that can’t be disputed is that a dramatic shift in sentiment has taken place. Both consumers and businesses are reporting their highest confidence numbers in over a decade. The climate has suddenly changed, the Dow surged over 9% in the first […]

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Patience is a Virtue

On November 5, 2016 By

Fixed in the memory of many investors are two momentous bear markets: The tech bubble in 2000 and the fi-nancial crisis of 2008. Both were uniquely painful. It’s been 7 years since the 2009 market lows now, where does the time go? The S&P 500 has been on a strong run for those 7+ years […]

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While a little skepticism is good, some investors take it too far. The last few quarters have certainly given the skeptical investor plenty of concerns: Negative interest rates, chaotic European Union and U.S. election politics, volatile energy and stock prices and abrupt drops in U.S. government bond yields, just to name a few. The recent […]

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It’s funny how we try to rationalize our behavior by carefully choosing words that seem to help make what we are doing sound more logical. Nobody likes to use the term “market timing” because it’s widely known that market timing doesn’t work and should not be attempted.

To quote Shakespeare, “A rose by any other […]

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2015 A Lesson in Humility

On January 26, 2016 By

A quick glance at the 2015 price returns of the S&P 500 (-0.7%), Dow Jones (-2.2%) or even US Aggregate Bond Index (-1.9%) might give one the impression of a fairly flat investment landscape. A closer study reveals that 2015 was a very volatile and fairly negative year, and in many ways, humbling. Broader based […]

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Stocks posted their worst quarter in nearly four years. At one point, stocks were 13% off their highs, finishing the third quarter down -8%. 90% of all mutual funds, including index and exchange-traded funds (ETFs) lost money during the quarter.

It was about time. Stocks had not experienced a 10% or more decline since 2011, […]

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Sometimes we make things more complicated than they need to be. Take investing for instance. One would think that turning $100,000 into $500,000 over the last 20 years would require some pretty sophisticated stock picking skill or an ability to know when to get in and out of the market. After all, there were 3 […]

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The U.S. stock market hit record highs early in the year, only to fall back in March to post mostly flat returns for the quarter. Still the S & P 500 index was up nearly 1%, which would take 4 years to match in today’s bank savings accounts. International stocks, after trailing the U.S. for […]

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