Portfolio Management

  • When Will We Get Back To Average Market Returns?

    Average total returns in the stock and bond markets are often cited in financial circles, perhaps giving lay investors the false impression that these returns are the norm. In reality, there have been very few years when either stock or bonds delivered returns that are even close to market averages.
  • Consider The Big Picture During Periods of Market Stress

    Short-term stock market volatility can cause us to lose perspective. In times of market volatility, you may see alarming fluctuations in your account balances, making it tempting to adjust your asset allocation in search of calmer waters. Yet it's important to consider the performance of a balanced portfolio over time.
  • Travel Safety

    With the recent tragedies involving the Boeing 737 Max airplane, travel safety is back in the news. The debate of flying versus driving is always a curious one. It says many things about human risk behavior. Most people know it is much safer to fly than to drive. Here are the latest United States fatality…
  • Maintain Perspective and Long-term Discipline

    This article explores two topics:
  • Drink More Water

    While speaking with a cardiologist recently, my eyes were opened to the “Simple, but not Easy” strategy being applied in the medical profession. We communicate frequently about the importance of this strategy in personal finance so it was fascinating to see it play out in another profession. I thought it would be helpful to share…
  • Overcoming Biases Against Global Investing

    Global stock market leadership historically has alternated between U.S. and international markets. Rather than choosing one class of stocks over the other based on past performance, focus on the potential long-term benefits of a global approach.
  • Market Predictions

    Each January, economists and investment professionals make their yearly guesses of where the stock market will be the following twelve months. I say guesses because that is what they are. Unfortunately, predicting the stock market direction in the short-term is comparable to your favorite superhero's superhuman power.
  • 2018 Market Review

    This report features world capital market performance for the past year.
  • The Price of Admission

    Long-term stock market returns definitely do not come in nice, straight lines.
  • Why Should You Diversify?

    As 2019 approaches, and with US stocks outperforming non-US stocks in recent years, some investors have again turned their attention towards the role that global diversification plays in their portfolios.