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 […]
Diversification: The Broccoli of Investing
Diversification is like the broccoli of investing. You know that diversifying your holdings and eating broccoli are the prudent long-term things to do… but sometimes both are hard to consistently do. Even though broccoli is not the yummiest food, I make myself eat it. I also diversify my portfolio because both things are good for […]
The Financial Yes Man/Woman Dilemma
While experts have long counseled against using financial planners who push products and receive commissions (given their incentive to simply sell products which may or may not be in your best interest), it turns out there is another risk that afflicts advisors of all kinds – including fee-only advisors (such as myself). A Harvard professor […]