Many stories have been proposed for the decline – from trade wars, to election jitters, to broader concerns about the economy. Each may contain some truth. However, each belies the reality that we never really know what causes the markets to move.Read More
At the heart of our process are the tools we use. Most are mutual funds. In discussions, we often gloss over this fact and cut straight to how the funds are allocated. Here, we will take a step back and review some mutual fund basics.Read More
We’ll start with a discussion of stock market valuations, one of the primary considerations that pushes us away from U.S. stocks. Then, we will caution against a couple of investing traps we’ve witnessed people fall into: conflating the economy and stock market and letting FOMO inform investment decisions.Read More
It’s natural to wonder about the next bear market. The risk – a bigger risk even than portfolio declines – is that wonder turns to fear and fear leads to action.
It is important to be mindful but not fearful. Here are some thoughts and predictions about bear markets to add some context to concerns.Read More
We have written extensively about the importance and attractiveness of international stocks. Rather than reiterate our thoughts on diversification benefits, valuations, and the cyclicality of U.S. versus international stock returns, we will highlight a couple of charts that add to the discussion.Read More