Industry Insights

I expect to pass through this world but once. Any good thing, therefore, that I can do or any kindness that I can show to any fellow creature, let me do it now. Let me not defer nor neglect it, for I shall not pass this way again. —Étienne de Grellet du Mabillier (1773–1855) With 2016 coming to a close, I feel it important for us to remember our blessings, to remember the goodness we have in our lives, and to offer that goodness to bless others. This year, many have experienced great loss and...

The close of each calendar year brings with it the holidays as well as a chance to look forward to the year ahead. In the coming weeks, investors are likely to be bombarded with predictions about what the future, and specifically the next year, may hold for their portfolios. These outlooks are typically accompanied by recommended investment strategies and actions that are aimed at trying to avoid the next crisis or missing out on the next “great” opportunity.

The days are getting shorter, and colder too. Leaves are changing, fall is here, and Thanksgiving is fast approaching. As you know, Thanksgiving is a time to gather with family, friends, and other loved ones. A time to acknowledge what (and who!) we have, and express how thankful we are for all of it. A time to spread love, gratitude, and good spirits, as well as make memories and tell each other how much we care. And don’t forget—it’s also a time for delicious food and fun!

First off, this letter has nothing to do with politics, even if it might seem that way at first. It has everything to do with investing.

A few years ago, I met with a young man who we’ll call Sam. He asked me a very simple question: “Why can’t I ever seem to get ahead financially?” I asked Sam to tell me a bit more about himself. He continued: “I’m a college graduate. I have a good job. I pay my bills on time and don’t use credit cards. I don’t spend money on frivolous things. So why can’t I ever get ahead?” Fortunately, after a deep dive into the state of his finances, I was able to help him find the answer: he made too many of...

If you’ve opened a newspaper or kept an eye on the markets lately, you know that the last few weeks have been crazy. Volatility is back, and it’s back with a bang. Currently, we are experiencing what’s called a market correction—a 10% drop from a recent peak.

This is a blog in a series I titled “Mental Money Mistakes.” What are mental money mistakes? They’re subtle errors in judgement—basic oversights and miscalculations. As a rule, they tend to be subtle and easy to miss. I’m not talking about big mistakes like taking on a bunch of debt, spending more than you can afford, or being too risky with your investments. No, these are the kinds of mistakes just about anyone can make, even if you’re intelligent and hard-working.

Let’s talk about records. It’s a word with many different meanings. It can be a verb (“Will someone please record this meeting?”), a noun (“Let the record show that I enjoy listening to records”), or even an adjective (“It’s been a record year for the Golden State Warriors basketball team.”) As an investor, it’s a word you should treat with caution.

By now, you’ve probably heard a lot about Brexit. It might seem like a strictly British affair, but it actually has profound economic implications for us here in North America. As your financial advisor, it’s my responsibility to inform you about what some of those implications might be.

Imagine you started a business with several different partners. Over the years, your business had its ups and downs, its fits and starts, its soaring successes and frustrating failures. During that time, you became more and more tied to your business, and your partners became more than just colleagues. They became people you invested in, and who invested in you. Occasionally, they were also people who you argued with and who argued with you. Sometimes, you didn’t know what you’d do without them...