To many investors it can seem like markets – and by extension their portfolios – are lurching from one crisis to the next. This mentality can easily lead to poor decisions – especially if investors don’t have a clear plan and contingencies in place. But advisors can have a tremendous calming and level-setting influence here.
Not only is baseball a fun past time – it also has educational value when it comes to deciphering U.S. versus Non-U.S. performance patterns.
While my wife trusts me with many important aspects of our lives, decorating the Christmas tree is not one of them. So I have to find ways to make myself useful. This year I cleaned my office while the tree went up. It brought about a radical new idea.
With over 20 years of experience working with advisors and their clients, I know a thing or two about giving and receiving professional, thoughtful, unemotional counsel. But it sure is a different feeling when the “doctor” becomes the patient!
For as long as I can recall, I have heard market pundits rationalize why markets or asset classes have recently performed differently than in the past by saying “It’s different this time.” It seems that almost as soon as an asset class performs well relative to another, the victor is convincingly declared a “game changer”
Life offers surreal moments sometimes. On a recent flight from Seattle to Dallas I found myself discussing the lineup for my son’s Little League team with one of his coaches. Sounds ordinary enough so far – the typical proud and involved parent, right? But in this case my conversation partner was not in the seat
For many advisors, the New Year brings with it an opportunity to set goals, both at an advisory firm level, and client level. The New Year also brings with it lots of client meetings to reflect on the year just passed and look ahead to the next year. January seems to be a natural time for