For taxable investors, what a portfolio earns matters. So does how much of that return the investor keeps. Investment decisions often begin with performance, risk, and cost. But for a client investing in a taxable account, those measures do not tell the entire story....
The recent passing of Dolly Parton and Gloria Steinem, along with Mrs. Met becoming the first female mascot inducted into the Mascot Hall of Fame, got me thinking...
Inflation is one of the most closely watched economic indicators, but it is also one of the easiest to misunderstand. A news headline might say that inflation is running at one rate, while another report released only a few weeks later shows a different number. Economists may focus on “core”...
In November 2014, Bono suffered a serious cycling accident in New York just weeks before U2 was due to headline the (RED) World AIDS Day benefit concert. Canceling would have meant letting down thousands of fans and jeopardizing an important fundraising event. Instead, the band found a way to...
For many investors, the traditional portfolio story is simple: stocks are there for growth, while bonds are there to provide stability. That expectation was reinforced by the market environment that shaped much of the period from 2010 through 2022. Interest rates were generally low, inflation was...
I thought my family was prepared. My dad was in reasonably good health, and we’d had the conversations most families have as parents get older. We’d talked about what the future might look like, where he might live if he needed more support, and how I would help him if his health gradually...
Diversification is often evaluated by counting what a portfolio owns. An investor may hold dozens of companies, several exchange-traded funds, and exposure to nearly every major market sector. On a conventional allocation report, the portfolio may appear broadly diversified. But the number of...
Just one more football analogy. I promise. England’s latest World Cup disappointment has given me one final leadership lesson before I retire the football metaphors until the Premier League season starts. Before we get there, if you haven’t already, go back and read my previous blog about penalty...
Investors have never had access to more information than they do today. Market data, economic reports, earnings transcripts, analyst commentary, news alerts, social media reactions, and artificial intelligence tools are all available almost instantly. In theory, this should make investing easier....
Investors are naturally drawn to what has been working. When a stock, sector, or theme moves sharply higher, it commands attention. The story becomes easier to tell. The opportunity feels more obvious. The recent performance seems to confirm that the market has discovered something important.....
