Fire Tower Watchman
I recently read a newspaper article about a man whose career spanned three-and-a-half decades. It was something that he loved doing and even spent long hours fulfilling his duties. What struck me...
View ArticleWhat is a Mutual Fund Share Class Exchange?
We are always looking for ways to improve the performance of our clients’ portfolios by providing high-quality investments while keeping fees low. All mutual funds and exchange-traded funds charge an...
View ArticleBear Market Anniversary Reflections
March 9th marked the 9 year anniversary of the most recent bear market bottom. It passed quietly with no bands playing and no flags flying. For those who endured the decline, it was a stressful...
View ArticleStocks on Sale
U.S. stocks have already seen two pullbacks greater than 5% so far in 2018, as measured by the S&P 500 Index. That compares to only one pullback over 5% in the last 2 years. To say that recent...
View ArticleBehavioral Biases of Individual Investors
Traditional finance is based on the premise that investors are able to consider all relevant information to make rational financial decisions. The underlying assumption is that all investors are risk...
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