**NEW** 2020 Annual Review - An update of performance, trends, research, and topics for the long-term investor.
The year in review-As the year began, which seems like eons ago, the U.S. economy was humming along, unemployment was at a 50 year low and investors continued to benefit from the long term bull market. Then the lights went out! A barely understood virus instantly closed economies around the world, markets plummeted and unemployment skyrocketed. Read More
2020 Fall Newsletter – Lessons of History Series - Economic Equality vs. Efficiency. Read More
2019 Annual Review - An update of performance, trends, research, and topics for the long-term investor.
The year in review—Unlike last year, U.S. stocks advanced in December, closing out their best annual performance since 2013, due to easing trade tensions and clarity from the Federal Reserve.
Technology was the only sector to meaningfully beat the S&P 500. Most markets were strong last year, it is just how strong they were...(see table on page 1). There were no bad places to be, just less better…. Again, Growth beat Value....The markets are starting to feel a lot like the late 90s with the Index funds outperforming as they get more and more concentrated in the top 5 biggest/most popular companies. That said, they have come nowhere close to the earnings multiple bubble of that time period. Read More
After we have worked together to develop an appropriate asset allocation, it is time to start building the portfolio. Based on your allocation we will start to build out each asset class. With $100,000 or more to invest in individual stocks, we believe this is a great method to build and manage a portfolio. Read More
A growth stock's total return is more likely to come from capital appreciation than dividend income; a greater proportion of value stock's performance is likely to come from dividend income.
Long-term investors don't have to choose between growth and value and, in many cases, they may benefit from a combination of the two styles.
Shorter-term (cyclical and tactical) opportunities to reallocate to growth vs. value, and vice versa, may sometimes arise. Read More