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

Another decade came to a close last year. I thought it would be interesting to compare the last decade to the previous four decades. The table below shows returns for 5 primary asset classes and a globally balanced 60% stock/40% bond portfolio. For each decade the highest returning asset class is at the top while the lowest returning is at the bottom. A few observations: Stock returns across... READ MORE