Financial Management
Economic Commentary and Investment Update
In 2022, the war in Ukraine and resulting sanctions, COVID supply chain shocks, and a re-ordering of global trade have leveled a solid bodycheck on the US and global economies. Even the strongest skater is likely to wobble under such circumstances. We’ll highlight a few themes which have occupied and at times confounded investors in…
Read MoreTranslate This Page
Recently I saw these words at the top right corner of my computer screen: “Translate this page.” My mind was deep in critical thought at the moment, and at first the message didn’t register. Momentarily, however, my eyes wandered back. “What?” Then I started laughing, realizing that Google was offering to translate this page into…
Read MoreRussia, Ukraine, and Your Portfolio’s Path Forward
With Russia’s invasion of Ukraine, on top of inflation concerns in the US and elsewhere, markets have recently been subject to greater volatility as well as declines in value. “Markets,” a term used to describe all global investors, price assets based on available information and the implications they derive from it. It’s reasonable, then, for…
Read MoreDon’t Chase the Bus
“Never run after a bus or a stock. Just be patient — the next one will come along for sure.” André Kostolany André Kostolany was a Hungarian-born stockbroker who prospered during the reconstruction of Germany after WWII. He was known for his pithy insights into investors’ behavior, and his pragmatic understanding of the equity…
Read MoreCaveat Emptor
This past week we’ve witnessed a story of drama and tumult in the stock market; of great successes and stinging losses; of individual investors taking on the institutions. And subsequently, of cries of elitism and unfairness. All stemming from everyday investors, connected via a social media community, wildly buying shares in an unprofitable stock, GameStop.…
Read MoreInstitutional Partnership
There have been a pair of interesting developments in the investment custody business in the past month, as you may have been reading in the news. While neither of them directly impacts you, they do point out some of the wonderful benefits you enjoy as a result of your decision to work with us. Plus,…
Read MoreCharitable Gifts in the Current Tax Environment
The Tax Cuts and Jobs Act of 2018 made substantial changes to the tax code, and affected ability of many Americans to deduct charitable donations. Here are some strategies to help you maximize your tax savings while supporting organizations and causes that are important to you: Give something, get something Often we support a charitable…
Read MoreGood Advice, So Roundly Dismissed
The world of wise financial management is imbued with proven, effective – often simple – principles. Spend less than you earn; invest the difference. Maintain a personally-appropriate asset allocation of stocks, bonds, and cash. Diversify broadly within those asset classes. Keep investment costs low. Be mindful of tax consequences. Be patient and focused on the…
Read More(What You Already Know About) What to Do When Markets Sell Off
Recently, Vanguard’s Chief Investment Officer Greg Davis published an article representing the firm’s guidance to investors on how to react when markets fall in value. What’s most notable to us is what they don’t espouse in such historically common conditions. Missing is such “wisdom” as “look for quality names to pick up at more attractive…
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