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 […]
Dreaming of a Mountain Retirement Read More »
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
If you can keep your head when all about you are losing theirs… Rudyard Kipling, from the poem If, circa 1895 We will forever be debating the causes of the 2008 financial crisis and the government’s attempts to minimize its effects. But the worst modern bear market other than the one caused by the Great
Celebrating the Ten-Year Anniversary of the Market Bottom Read More »
Has it really been ten years? One of the low lights indelibly associated with the Great Recession of 2008 was the discovery and unraveling of Bernie Madoff’s massive Ponzi scheme. It feels like only yesterday that I wrote about that almost incomprehensible fiasco in real time. But the journalist Erin Arvedlund wrote the book on
Lessons From the Madoff Fraud, 10 Years later Read More »
On August 1, 2018, Fidelity Investments, by introducing two zero-management fee index funds, seemingly fired a shot across the bow of the 18th century vessel that is Vanguard’s vaunted logo. For over forty years, Vanguard, the shareholder-owned behemoth has led the way in reducing the cost of investing to a level approaching zero. The Admiral
Fidelity’s Zero Cost Index Funds – Much Ado About Nothing? Read More »
In an article in Advisor Perspectives, actuary, financial planner and retirement researcher Joe Tomlinson delves into the question: Do We Face a Retirement Crisis? The “we” Tomlinson refers to is American society as a whole. His conclusion is that the “crisis” for the current generation of retirees is a bit overblown, but the future looks
Do We Face a Retirement Crisis? Read More »
One of my standard cocktail party questions when conversing with investors is: How much are you trying to earn with your investments? A typical response is: As much as I can. Then I follow up with: Well, how will you know when you’ve done that? – I often get a blank stare. These are of
The Incomparable Virtues of Goals Based Planning Read More »
As of this writing the new tax bill hasn’t yet been signed by the President. But it already seems to have been sealed and delivered. So at the slight risk of being too fast out the gate, here is a summary of the vast new law which goes into effect on January 1, 2018 –
Tax Cut and Jobs Act, HR 1 – What it Means Read More »
Stock markets around the globe had their best first six months in years. In the second quarter, The S & P 500 (total return) Index gained 3.09%; bringing the total increase to 9.34% thus far for the year. US Large Cap Growth Stocks returned 4.67%. While Large Cap Value returned only 1.34%. After years of
2nd Quarter Client Note – Tribulations of a Value Investor Read More »
Amidst continued slow global growth, particularly in Europe, the Federal Reserve is remaining cryptic as to when it will begin to raise interest rates. Foreign central banks are keeping their interest rates extremely low as well. US economic growth remains sluggish, but is still better than most of the rest of the world. The Fed
1st Quarter Client Note Read More »
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