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A DOLLAR FOR YOUR THOUGHTS
In May of last year, I wrote a piece for this newsletter titled The Dollar Dilemma, in which I detailed how American investors were increasing their holdings of global assets and non-US…
“Priced In” – How Expectations Shape Investment Returns
“Priced In” – How Expectations Shape Investment Returns If you’ve ever been puzzled by watching the stock market decline on what seemed like good news, or rally when a headline…
Understanding Retirement Accounts: Your First Step Toward Financial Security
The retirement savings landscape has changed, and for many Americans, the greatest barrier isn’t a lack of desire to save but uncertainty about where to begin. Faced with unfamiliar terms like 401(k), IRA,…
There is an ETF for That
Over the past year, precious metals such as gold and silver and industrial metals like copper have surged in price, reaching all-time highs just last week on geopolitical uncertainty. You…
Predictions Are Hard – Especially About The Future*
Let’s start our final Commentary of the year with a look back at the planks of our investment rationale for 2025, which we authored in late 2024. 1. Corporate earnings are expected…
The Retirement Crisis: What It Means for You
The American retirement system, once considered a three-legged stool of Social Security, pensions, and personal savings, is undergoing a fundamental restructuring. According to the National Institute on Retirement Security, over…
Personal Consumption Expenditures (PCE): What Investors Need to Know
Federal Reserve officials often refer to the Personal Consumption Expenditures Price Index (PCE) when justifying monetary policy decisions, and financial markets can swing dramatically based on monthly PCE releases. Yet…
When Calendars Beat Calculators: The Curious Case of Stock Market Seasonality
Many long-term investors are familiar with the adage “time in the market beats timing the market.” This simple concept, coined by former fund manager and author, Ken Fisher, provides a…
WHO’S GOT THE CHECK??????
We’ve now had several months of experience with the newly imposed tariffs since Liberation Day, April 2, 2025. The experience has not been consistent because there have been exceptions and…
Planning Over the Horizon
Want to control the future? Use a trust. Trusts were first used in ancient Rome, but the common use of trusts dates back to 12th century England by knights who…