“The real players in the global economy are consumers and producers (business). Politicians and regulators are similar to referees, which can influence short term ebbs and flows, but…
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Stock Returns in Midterm Election Years
Markets After Major Geopolitical Events
“The world changes. This is the biggest problem in markets.” – Bill Miller, former chairmen of Legg Mason Capital Management T. Rowe Price, founder of the Baltimore-based investment firm that bears his name, wrote an essay in 1937 titled, “Change...
read moreThe Best Question You Could Ask
“People ask me my forecast for the economy when they should be asking me what I have in my portfolio. Don’t make pronouncements on what…
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Investor Anxiety: Signs You’re Invested Incorrectly
“A reasonable-level of anxiety is a sign that you take investing seriously and are on guard against complacency and overconfidence. Meanwhile, too much anxiety is…
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Persistence of Performance
“This year’s top-performing mutual funds aren’t necessarily going to be next year’s best performers. It’s not uncommon for a fund to have better-than-average performance one…
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Fed Hikes and Bond Prosperity
“The Federal Open Market Committee (FOMC) has considerable control over short-term rates. We have much less influence over long-term rates, which are set in the…
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U.S. and Everyone Else
“Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows.” – Jerome Powell, Chairman of the Federal Reserve….
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Fees Tied to Performance is Gaining Momentum
“The investment industry has long offered clients fees that have nothing to do with performance. That’s changing, but not nearly fast enough.” – Jason Zweig,…
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Ignoring Good Advice
“Small, seemingly insignificant steps completed consistently over time will create a radical difference.” – Darren Hardy, author of The Compound Effect Working with friends and family…
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When it’s Broken, Don’t Fix it
“The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced,…
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