Not too long ago, a client came to me with an interesting idea for a blog. The client asked (paraphrasing), “how does WHEN I get started as an investor in stocks, affect my experience as an investor?” We intuitively know it has some effect. Today’s younger investors (which I can count myself a part of) who started investing after the 2008 recession only know a stock market that goes up.... READ MORE

Clients often tell us the stock market makes no sense to them. How can the value of a company fluctuate 10% in a day? How can an entire stock market index, representing hundreds of stocks, move on average 1% per day? Clients view this type of volatility as something more akin to a huge casino rather than a rational, efficient capital allocation mechanism. You know what? They are partially right.... READ MORE

As 2020 winds to a close, you will notice the typical barrage of articles being sent out explaining what happened this year and predicting what’s going to happen next year. Typically, it’s best to ignore these as just noise (Spoiler alert: none of the end of year 2019 articles had pandemic on the prediction list). However, the end of the year does provide a good opportunity to reflect on what... READ MORE

In case you have not heard, we have an important election coming up. According to politicians it is the most consequential election in American history. That is a pretty bold claim when considering past election surrounding events like the Civil War, WWI, WWII and many other seminal moments in American history. Of course, this is the election happening now, so in this moment it is the most... READ MORE

One of my favorite financial writers is an anonymous researcher who goes by the pseudonym, Jesse Livermore. The real Jesse Livermore was a pioneer of day trading in the early 1900s, whom at one point became one of the richest men in the world but ended up taking his own life when he lost everything. Little is known about the current writer who uses his name today. He only writes a couple pieces a... READ MORE

We are often asked about interest rates, the printing of money, taxes and other various levers that can impact the economy. Ray Dalio, Co-CIO and Co-Chairman of Bridgewater Associates, put together a very educational video several years ago detailing how the economic machine works. It is 30 minutes long but helpful in understanding the basics of an economy and well worth the time.... READ MORE

The spread of Coronavirus and its impact on our health and the economy are increasingly becoming a more serious concern. We’ve reached more than 82,000 confirmed cases and the virus is continuing to spread globally, including in the U.S. Predicting what the next several months look like is impossible, but it's clear that the market is pricing in some serious economic concerns. As of 2/27, the... READ MORE

“What do I do with my money?” It’s a question I’m starting to get more and more frequently. Most of my peers (late 20s give or take a few years) are at a stage in life where they are starting to settle into their career, have paid down some debt and are now saving a portion of their income. Whether that’s through a retirement account, like a 401k, or an outside savings account, many are... READ MORE

Every week, we read a TON of information. Blogs, articles, research papers…it’s our job to be informed about what’s happening in the market, economy, and society in general. Most people don’t have the time to sort through so much information, so we’ll do it for you. Every week, I will post some of the best charts, graphics, tweets, etc, that I find and put it here in a quick, digestible... READ MORE

Every week, we read a TON of information. Blogs, articles, research papers…it’s our job to be informed about what’s happening in the market, economy, and society in general. Most people don’t have the time to sort through so much information, so we’ll do it for you . Every week, I will post some of the best charts, graphics, tweets, etc, that I find and put it here in a quick,... READ MORE