Market Review As one market observer noted, the best news about the 1st half of 2022 is that it has ended. The S&P 500 posted a 16.4% decline for the 2nd quarter as nagging inflation compelled the Federal Reserve to raise their target rate a cumulative 1.25%, including the largest single move since 1994. Elevated…
There’s plenty of sagely advice available from savvy investors. One thing most of them have in common is they stay invested. They may keep some cash on the sidelines to take advantage of unexpected opportunities. They may dial stock exposure up when they think it’s appropriate, and they may dial it down when they deem…
Companies paying higher dividends do tend to be more mature. The mature companies investors want to own are still growing earnings, but that growth is probably more moderate than it is for a younger company whose total accessible market (TAM) isn’t yet defined. Apple is a fairly mature company, but they keep coming up with…
This is the most elegant explanation of prudent investment management I’ve ever heard, and it came from Steve Adell. It’s called “The Bucket List”. The idea is to categorize your investment money into three simple buckets which are based on intended use: Cash, Fixed Income, and Growth. You fill the buckets in order. Bucket #1:…
I have to admit this is a growing point of contention for me in the financial services industry. I came across a 401(k) plan the other day for a person in her late sixties who has had a very successful career. She asked our advice about rolling over her 401(k) to an IRA. As we…