“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
It’s More Than Money
Proposed Plan to “Fix Our Broken Tax Code”
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
A Semester Of Econ In 30 Minutes
If you’ve ever pretended to know what “deflation” is then keep reading. Ray Dalio started his investment company, Bridgewater Associates, at age 26 out of his apartment. After forty years of investing, Bridgewater now manages around $160 Billion. Normally you have to go to college and sit through hours of lectures to grasp a 10,000
Equifax Security Breach & Preventing Identity Theft
Is your name really John Smith? The remarks about our names started early: “Jon and Anne Smith…are you kids using your real names? I’m gonna’ need some IDs.” This was the welcome we received 46 years ago from the desk clerk at the Holiday Inn, even though our getaway car had tin cans trailing and
We Answer the WSJ’s “19 Questions to Ask Your Financial Adviser”
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
What Is a Life Settlement?
Imagine you’re cleaning out your attic and run across a box of dusty old books. You decide it’s not worth the time and effort to sell them, so you take the whole box to the dump. That same night, you happen to update your mom on your completed to-do list, making sure to include all
Welcome to the Herd Mentality
In 1976 I went to work as a stockbroker. Five other brokers and I shared a bullpen, the perfect Petri dish for the Herd Mentality. Every two desks shared a stock quote machine. We were in constant earshot of each other and “dialed for dollars,” almost in unison. When one of us hit a dry
What Should I Do With My Next $_______?
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
6 Financial Commandments for Twenty Somethings
For the last 5 years I’ve had the privilege of mentoring a few young men. And by mentor, I mean they are younger and more interesting than me so I tag along on their trips and we share life together (I’m talking about you Tice, Tom, and Pearce). I wanted to write a letter of
Q2 2017 Market Commentary: It’s a Little Bit of Everything & If God Ran a Hedge Fund
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