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Perspectives from our founder

How to Respond During the Next Market Decline

The S&P 500 finally broke its streak of positive annual returns in 2018, missing out on a 10th consecutive year without a decline. S&P 500 Index Annual Returns (2008 to 2018) Year Annual Return 2008 -37.0% 2009 26.5% 2010 15.1% 2011 2.1% 2012 16.0% 2013 32.4% 2014 13.7% 2015 1.4% 2016 12.0% 2017 21.8% 2018 -4.4% As you can see in the chart above, prior
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The President and Your Portfolio

The President and Your Portfolio: Does it Matter Who is in the White House?

Click on the image below to enlarge it Undoubtedly most of America was surprised by the outcome of Tuesday’s presidential election. For some “surprised” is an understatement of course. Their feelings are probably better described with words like shocked, stunned, or outraged. For others, the surprise was welcomed. Given the polling leading up to election night, millions likely cast their vote fully expecting their candidate
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Preferred Stocks

No, Preferred Stocks Are Not a Replacement for Bonds

Typically I don’t spend much of my time attending investment and wealth management conferences. For the most part these events are just organized sales platforms for fund and insurance companies to pitch their latest products to advisors (who then turn around and pitch them to their clients). Count me out. However, I make exceptions if a sizable percentage of the content is academic research, for
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Perspectives on Brexit: Remember the Forest

Perspectives on Brexit: Remember the Forest

There’s really no nice way of putting it. Friday was not a fun day for the majority of investors after the Brexit vote. Following Britain’s decision to leave the European Union after a more than 30-year marriage, the S&P 500 index fell 3.59%, while European markets collectively suffered declines in excess of 11%. The fallout from Brexit simultaneously illustrates two realities of investing: The interconnected
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new fiduciary law

New Fiduciary Ruling Creates More Confusion for Investors

Last week, the Department of Labor (DOL) issued a new ruling which expands the definition of the term “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). If you’re not familiar with the word fiduciary and how it fits into the world of financial advice, the shorthand definition is that a fiduciary is someone who is required to act in someone else’s best
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weather volatile markets

If You Don’t Like the Weather, Wait Five Minutes

“If you don’t like the weather, wait five minutes.” That’s one of the first things you hear when the subject of weather comes up in Denver. While that’s a slight exaggeration, it’s not terribly far off. Case in point: Last Tuesday afternoon. The high temperature was a beautiful 72 degrees. My wife and I went out on a walk with our son early that evening
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