Manufacturing is so out of style. Once the engine that drove our nation’s economy, the business of making things has taken a back seat to the service sector over the past few decades. The divergence has become even more pronounced during the recent phase of this expansion, with the manufacturing... read more
Are Investment Monsters Lurking Around the Corner?
Thus far, 2015 has been a rather dreary year for stocks. Unless there is a fourth quarter comeback, it is shaping up to be the worst year since 2008. And as Halloween approaches, there are concerns that it might only get more daunting. Volatile... read more
Investors have gotten a reminder of what volatility looks like, as U.S. stock markets have recently fallen into correction territory. Trepidation has surrounded two somewhat contrasting worries: (1) China’s stalling economy may induce a global slowdown; and (2) the Federal Reserve’s apparent... read more
Passive Tools – Make Sure to Look Under the Hood
A brief note on passive, or index-oriented strategies. The past decade has experienced a dramatic explosion of index-oriented investment tools in the form of mutual funds and ETFs. The indices these tools are designed to replicate can be very... read more
What's unnerving investors these days? Perhaps the fact that developed market equities are joining in a sell-off that had (to-date) been largely limited to Natural Resource Equities, Commodities, and Emerging Markets Equities. Until recently, investors have treated this slowdown as one that was... read more
The End of the Bond Bull Market? The Federal Reserve is expected to begin raising short-term interest rates later this year, perhaps as soon as September. Citing an improving U.S. labor market, this pending shift in monetary policy, along with a steadily improving economy, should place upward... read more
The Chinese stock market has been on a wild ride in recent weeks, unsettling investors and sending ripples throughout global financial markets. Combined with the ongoing Greek saga, some might get the sense that global markets are in peril.
As the world’s second largest economy, any Chinese market... read more
We are a firm that has always believed that the foundation for financial success begins with a sound and nimble wealth plan. That said, incorporating the basics related to protecting assets after death, or in the unfortunate event of becoming incapacitated, is often times where people have a... read more
The reality of a Greek default is not unprecedented. In fact, a person has a better chance of experiencing a Greek default in their lifetime than being struck by lightning. Including 2012, Greece has defaulted on its debt six times in the last 200 years (1826, 1843, 1860, 1894, 1932 and 2012), and... read more
How do you preserve family wealth across multiple generations? It’s not easy—it takes work. Sustaining a financial legacy can be a surprisingly complicated task, fraught with emotion and difficult decisions. More resources don’t necessarily ease the burden either. Often, greater wealth means even... read more
Much attention was placed on the recent Commerce Department report showing that the U.S. economy shrank in the first quarter. While worrisome on the surface, as quarterly contractions are rare during expansions, a deeper look suggests this might not be a harbinger of a protracted slowdown or... read more
Much has been written about human frailties and their propensity to undermine investment success (some by me1). Sam Ro’s Business Insider article “If you missed the rally, then you probably just made the most classic mistake in investing” does a nice job summarizing data to support the notion that... read more