How’s The Dow Doing?

How’s The Dow Doing? “No one would build a stock market index that way today….it’s a crazy way to measure the market.” –Jeremy Siegal, Professor, Wharton School of Business 06-01-2021 Siegal is referring to the Dow Jones Industrial Average (DJIA). It’s probably the most cited index to try to gauge how the overall market is …

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The Silent Killer

The Silent Killer “The great long-term financial risk isn’t loss of principal , but erosion of purchasing power.” –Nick Murray 05-24-2021 Inflation is like high blood pressure. It’s the silent killer. Many retirees and those nearing retirement are far too concerned with loss of principal than the gradual and irreversible erosion of purchasing power through …

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Happy Tax Day

Happy Tax Day “A tax is a fine for doing well, a fine is a tax for doing wrong.” –Mark Twain 05-17-2021 Today is the last day to file your 2020 taxes without going on extension. Everyone certainly complains about the amount of taxes we have to pay but do you have any idea how …

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The World’s Worst Market Timer

The World’s Worst Market Timer “The only problem with market timing is getting the timing right.” –Peter Lynch 05-10-2021 You know my feelings on market timing. In plain simple English…it cannot be done on any consistent basis. There are an abundance of studies out there that prove this point. I have yet to see one …

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Buffett’s Argument For Index Funds

Buffett’s Argument For Index Funds “This is a great argument for index funds.” –Warren Buffett 05-03-2021 Buffett held the annual meeting for his company, Berkshire Hathaway, virtually over this past weekend. Buffett’s usually good for dispensing some of his investment wisdom to the masses during these events. This year was no exception. To kick thing’s …

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A World of Difference

A World of Difference “Diversification is your buddy.” –Merton Miller, Nobel Laureate in Economics 1990 04-26-2021 The above quote was Miller’s answer when asked to sum up the most important investment concept that investors should know. I couldn’t agree more. Building portfolios that are globally diversified is one of the primary keys to long-term investment …

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Lessons From Booth

Lessons From Booth ” I’ve reflected on what I’ve learned over the years that I wish every investor could know.” –Lessons From Booth 04-19-2021 Forty years ago, David Booth started DFA because he believed there was a better way of investing than stock picking. To say the rest is history, doesn’t really do justice to …

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This May Surprise You

This May Surprise You “How did one of the poorest countries, China, become, in thirty years, one of the richest?” –Helen Raleigh, journalist, author & China scholar 04-12-2021 The answer may surprise you. It’s that nasty C word again. Yes, it was capitalism. Check out this short 5 minute video that shows how capitalism and …

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So Much For Conventional Wisdom

So Much For Conventional Wisdom “Stocks don’t ignore anything.” –Ken Fisher 04-05-2021 Should we be surprised that tax hikes are coming? Biden campaigned on bumping up the top personal and corporate tax rates. If the market taught us anything in 2020, it’s that it is a very efficient forward looking information processing system. In other …

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Time In, Not Timing

Time In, Not Timing “The reality is, it’s time in the market, not timing the market.” –Keith Banks, Bank of America, Vice Chairman on CNBC 03-22-2021 This quote should be the mantra for all investors. Going back to 1926, the average return on stocks is about 10% per year. The only way investors can get …

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