About a week ago, voters in the UK delivered a surprise vote and decided to leave the European Union (EU). The vote was a long time coming, with considerable debate and discussion on both sides. The polls were close, but it was expected that Remain in the EU would win. The vote happened, and Leave […]
The Next President and My Portfolio
Clients and friends have asked me about the implications of the various presidential candidates on potential investment returns. Since the field of contenders contains some wildcards, it is logical for investors to wonder what implications this race may have on their taxes, the broader economy and their potential investment returns. There is a mountain of […]
The Market Crash
I have started to write an article about market crashes many times over the past several years. The last time I worked on this file was towards the end of last September (which in retrospect does not seem particularly volatile). There are two main reasons why I have not written this type of article. The […]
Par Every Hole!
How would you like to par every hole–and what does this have to do with investing? It turns out that parring every hole is a great analogy for a hard-to-grasp investing concept: getting market rates of return and being excited about them! I have played several rounds of golf so far this year. During a […]
Socially Responsible investing – Is it worth it?
Several clients have recently asked me about Socially Responsibility Investing (SRI), so I thought I’d share my thoughts. In case you are in a hurry, the executive summary of my critique is to avoid SRI because it is largely a marketing ploy that creates mutual funds that are expensive, not very diversified, generally perform poorly […]