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 […]

Continue Reading

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 […]

Continue Reading

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, […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

The average U.S. diversified stock mutual fund returned +7.21% for the full calendar year 2014. This category is represented by over 8,000 mutual funds of all shapes and sizes, according to Morningstar data, and represents over $5 trillion in assets. Still, we believe there is ample opportunity for stocks to post additional gains this year and […]

Continue Reading

A Pessimist Sees

On September 16, 2014 By

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
-Winston Churchill

As of late, pessimists have been given many gifts to help show the economy is ready to stall, the markets are ready to fall and generally the world is a dark and […]

Continue Reading

Imagine the Possibilities

On August 1, 2014 By

Getting the direction of the market right doesn’t always require rocket science. Sometimes basic common sense points the direction, you just have to be able to ignore the surrounding noise. The stock market is a reflection of the economy and projected future corporate earnings, 6 to 9 months out. Both have been trending up for […]

Continue Reading