Without fail, the financial markets teach us lessons every year, but it is up to investors to learn. In 2017, the overwhelming lesson was a rerun: short term predictions are worthless (at best) and dangerous (at worst). We ran across a great example of predictions in Bob Seawright’s 2018 Investment Outlook. Seawright is Chief Investment…
“All analogies break down if taken too far, just like a car. Only there’s no gas station & maybe the mechanic is an editor or logician & also…” – Ken Jennings, Jeopardy Champion Against the advice of Ken Jennings, and in order to better understand the stock market, we often talk about a different asset…
For much of the year, we’ve told clients “let’s wait and see” when considering certain tax saving strategies like Roth conversions or a Qualified Charitable Distribution because we wanted to see what tax policies might come from Washington. On September 27th, the White House released the “Unified Framework for Fixing Our Broken Tax Code” to…
As we have previously written, it is difficult for investors to know what to look for in their search for a financial adviser (or advisor). In his most recent Intelligent Investor column for the Wall Street Journal, Jason Zweig updates the timeline of the fiduciary rule and points out that since its delay, “the burden…
We get this question often. A client will have just received an inheritance or sold a piece of property and has a lump sum of money. Or maybe they have just received a raise or paid off a debt and now have a higher monthly cash flow. “What do I do with this money?” can…
All these psychics and these doctors They’re all right and they’re all wrong It’s like trying to make out every word When they should simply hum along It’s not some message written in the dark Or some truth that no one’s seen It’s a little bit of everything – Dawes “A Little Bit of…
My wife and I have been in the thick of swim team at the neighborhood pool. With our 9 and 7 year-old girls on the team and their 4 year-old brother to cheer them on, Tuesday nights take on a whole new meaning. By far, the most entertaining events are the 6 and under heats….
Not Your Typical Summer Beach Read I bought Being Mortal a few years ago on a date night with my wife. We grabbed dinner and stopped through Scuppernong Books to judge books by their covers. We each bought a book and laughed that my choice was a surgeon’s thoughts on “medicine and what matters most…
Dr. Hendrick Bessembinder is shattering stock pickers’ dreams like the 2nd grader who tells his classmates the truth about Santa Claus. Looking back over an 89 year period (1926-2015), the Arizona State professor found that the odds of picking winning stocks are not that appealing. In fact, investors would have a better chance at picking…
At Smith Partners Wealth Management we evaluate each prospective client for best fit. We would be glad to meet with you to understand your needs and determine whether you would be well served here. To learn more about becoming a Smith Partners client, please contact us. We welcome the opportunity to speak with you.