First Quarter Market Review 2017

Maggie Mayer Uncategorized

This report features world capital market performance and a timeline of events for the last quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets. The report also illustrates the impact of globally diversified portfolios and features a quarterly topic.

Philosophy, Strategy and Discipline-Active View

Maggie Mayer Education Savings Planning, Estate Planning, Financial Planning, Portfolio Management, Retirement Planning, Tax Planning, Uncategorized

“Luck plays a big role. Athletes, poets and businesses get lucky. Hard work is critical, a good team is essential, brains and determination are invaluable but luck may decide the outcome.” Phil Knight, Shoe Dog: A Memoir by the Creator of Nike. An investment philosophy is a set of principles that guides all portfolio decisions.

Summer Road Trips: Microcosm of Our Financial Lives

Wp_Site_Admin Education Savings Planning, Estate Planning, Financial Planning, Portfolio Management, Retirement Planning, Tax Planning, Uncategorized

Summer road trips have been a tradition for families across the country for many generations. They have changed over time with updated technology (i.e. cars, GPS, lodging, etc.), but the basic concepts of seeing something new while also possibly visiting distant family remain the same. To make this once a year event successful requires extensive planning. Having recently returned from our own summer road trip to the west coast to visit family, I can attest that much goes into the plan!

The End of The 4 Percent Rule

Wp_Site_Admin Uncategorized

The "4 percent rule" was a retirement spending approach that became mainstream in the 1990s. The rule suggested that a retiree with an average portfolio distributed between stocks and bonds (approximately 60-40) should withdraw 4 percent of his or her retirement funds each year (adjusting each year for inflation). If the retiree could stay limited to that 4 percent, he or she would be able to fund retirement for at least 30 years. The simplicity of the 4 percent rule made it hugely popular with investors. The method made planning easy and was projected to leave the vast majority of ...

Predictions and Investor Psychology

Wp_Site_Admin Uncategorized

“We really can’t forecast all that well, and yet we pretend that we can, but really can’t.” -Alan Greenspan “In order to be successful, an investor has to understand not just finance, accounting, and economics, but also psychology” – Howard Marks, Co-Chairman Oaktree Capital Predictions and Investor Psychology As we put together our 2016 outlook newsletter, a few themes continue to rise to the top and the question of which topic to write about became an easy answer: investor psychology and market predictions. When viewed together, you can see how easy it is for an investor to get caught up …

Tis The Season for List

Wp_Site_Admin Uncategorized

‘Tis the season to review lists that we made either at the beginning of the year or at the beginning of the holiday season (and maybe even check them twice if you are like Santa). Lists are a great tool for many things. They give us a goal. They keep us focused. They give us feedback. Financial planners like goals, focus, and feedback. Financial planners love lists! Perhaps a list’s biggest benefit is the reference point it provides when your plan is under “attack”. We all can relate to walking into the store (or clicking for those internet shoppers) and …

Season of Change

Wp_Site_Admin Uncategorized

It has been told that Mark Twain was a terrible investor and the reason being that he ended up gaining knowledge through his own poor decisions and experiences. The above quote could be attributed to another hard lesson learned in that to speculate in the short-term is a fool’s errand. As you know, we do not believe it is profitable in the long-term to speculate on the short-term. With that said, we were not shocked or overtaken with emotion when the stock market recently became much more volatile the last few months. When we look at investment portfolios, we will …

Stay Calm and Carry On

Wp_Site_Admin Uncategorized

Benjamin Graham, called the father of fundamental investing, said “in the short run the market is a voting machine; in the long run, it is a weighing machine.” A dilemma investors seem to face today is that the ‘short run’ seems to be more like the ‘long run’. We are particularly aware of the emotions of this market and that investors can change their ‘vote’ about the future very often. But we hold firmly to Mr. Graham’s belief that the ‘long run’ makes more sense and that the fundamentals will eventually be ‘weighed’ by the market. Stay calm and carry …