Mountain Money Blog

Now is a Good Time to Review Your Estate Plan

By Steven Smith | March 30, 2020

While it may seem morbid, now, during the Covid-19 outbreak, is the time to make sure the estate and disability plans for you and other members of your family are in order. Especially if you or your parents are over 60. These documents typically include: Wills, Living Trusts, Financial and Medical Powers of Attorney and […]

The Coronavirus and Market Volatility

By Steven Smith | March 6, 2020

The trickle of news out of China, beginning last December, around the novel coronavirus (now being called Covid-19) became a deluge last week, as over 100,000 cases have now been detected in 70 countries, including the US.  Colorado reported its first case yesterday. There have been around 3,000 deaths reported world-wide, including 12 as of […]

4th Quarter Client Note

By Steven Smith | January 14, 2020

The S&P 500 (Total Return) Index gained 9.07% in 2019’s final quarter. Bringing the advance for the year to 31.49% — and for the decade, to an average annual 13.56%. (And yet, all anybody wants to talk about is how poorly their bonds are performing. The Bloomberg Barclays US Aggregate Bond Index eked out a […]

3rd Quarter Client Note

By Steven Smith | October 14, 2019

After a fitful bout of volatility during the month of August, including an 800 point one-day drop in the Dow Jones Industrial Average, the S&P 500 (Total Return) Index turned in a respectable 1.70% gain for the quarter. That brought the year-to-date return to an extraordinary 20.55%. (For context, the most recent 12-month return, which […]

Dreaming of a Mountain Retirement

By Steven Smith | October 10, 2019

Do the mountains call you for your dream retirement? Many people, including most of my clients, aspire to retire to the active lifestyle, fresh air and natural beauty of the Colorado mountains. What will it take to achieve that dream?  Here are some considerations for planning your mountain retirement: Follow Your Dream        […]

Value Investing and Skiing May be The Key to Living Longer

By Steven Smith | September 20, 2019

A recent column entitled, Survivor Bias: Why Successful Value Investors Live Longer, mused on the apparent longevity of legendary value investors Charlie Munger and Warren Buffett. Today’s long suffering value investors, looking for a silver lining in the decade plus underperformance of value stocks, may find one in Munger’s quip that “professors, judges and value […]

The Stretch IRA is Dead. Or Maybe Just on Life Support

By Steven Smith | September 10, 2019

If you are – or expect to be – the owner of a $500,000 or greater IRA or 401k, you’ll want to monitor the progress of the SECURE (Setting Every Community Up for Retirement Enhancement) Act, recently passed by the House, by an overwhelming 417 – 3 margin. Among its provisions is the elimination of […]

2nd Quarter Client Note – The Raging Bull

By Steven Smith | July 12, 2019

By almost any measure, the past decade has been one of the best 10-year periods in history for the US stock market. Quarter after quarter, with just a few hiccups, the market has climbed steadily since the market bottomed in March of 2009.  This past quarter was no exception, with the S&P 500 (total return) […]

1st Quarter Client Note – Just Wait a Minute

By Steven Smith | April 6, 2019

There is a saying about the weather here in Colorado: If you don’t like it, just wait a minute. When it comes to the stock market, one quarter is the equivalent of about a minute’s worth of weather. The S&P 500 (total return) Index rose 13.65% in the first quarter; the largest first quarter gain […]

Book Review: Your Complete Guide to a Successful & Secure Retirement, Larry E. Swedroe & Kevin Grogan

By Steven Smith | March 25, 2019

One of the great influences in my practice has been Larry Swedroe. (Another, of course, was the late John Bogle). Fifteen years ago, I started this practice by giving away copies of one of Larry’s first books, The Successful Investor Today, 14 Simple Truths You Must Know When You Invest (St. Martin’s Press 2003). (I […]

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