High Inflation and Potential Depth of a Bear Market
Leading financial headlines are inflation, recession, and the potential depth of a bear market. This article will address inflation’s impact on the chances of a recession, the correlation between recessions and stock market valuations (measured as the S&P 500 throughout the article), and market timing in the face of a recession.
Evidence-Based Investing in Brief
Evidence-based investors build and manage their portfolios based on what is expected to enhance future returns and dampen related risk exposures, according to the most robust evidence available.
Tax Planning in Turbulent Times – Part 3: Tax-Wise Financial Planning
Managing for tax-efficient investing is just one way we help families reduce their lifetime taxes. We also help integrate all of the strategies into your broad financial interests.
Tax Planning in Turbulent Times – Part 2: Tax-Wise Investing
We view effective tax planning as a way to reduce your lifetime tax bill—or beyond if you’re preparing for a tax-efficient wealth transfer to your heirs.
Tax Planning in Turbulent Times – Part 1: The Tools of the Tax-Planning Trade
Whether you’re saving, investing, spending, bequeathing or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. But how do we plan when we cannot know?
Is Inflation Haunting Your Financial Dreams? – Part 2: What We Can Do About It
What if inflation does get out of hand and stays that way for a while? Depending on who you heed, the possibility ranges from unexpected, to possible, to a near certainty.
The first quarter of 2025 served as another vivid reminder that while history doesn’t repeat itself in investing, it often rhymes. We entered the year amid considerable volatility, as the largest technology stocks fell into bear market territory, triggering the seventh-fastest 10% correction in the S&P 500 since 1929. This correction gained momentum following President…
Over the years, I have spent more ink cautioning investors about the perils of bear markets rather than celebrating bull markets because discipline is tested in tough times. However, as evidenced by today’s somewhat stretched valuations, let’s talk about the other great pitfall: the fear of missing out (FOMO).
“The first rule of compounding is to never interrupt it unnecessarily.”
—Charles T. Munger
As we navigate a world of shifting dynamics, it’s wise to stay grounded in the fundamentals.
I am pleased to update you on our progress in the first half of 2024. Before examining the current market landscape, it is worth reflecting on what our disciplined approach has delivered so far.
While strong market performance is encouraging, it can also trigger a less favorable response within the investment community. On the opposite end of the spectrum from selling during market downturns, some restless investors might be tempted to chase after speculative trends, no matter how closely they resemble past “Fear of Missing Out” (FOMO) frenzies.
The unpredictability of markets became evident in 2023, as The Wall Street Journal aptly reported: “Almost no one thought 2023 would be a blockbuster year for stocks. They could hardly have been more wrong.” As we step into the new year, it brings the opportunity to reflect on the intricacies of the equity markets, not…
Contemplate how invaluable your steadfastness is to those you love and care for. This is the gift you give.
As we find ourselves at the midpoint of the year, it’s an opportune moment to reflect on the long-term journey we’ve embarked upon together in the realm of investments. The financial landscape has unveiled its latest chapters, and I am pleased to share our insights and observations with you.
With increasing anxiety, many investors are eyeing their portfolios for exposure to regional banks. When financial headlines cause worry, focus on your investment plan instead of rummaging through your portfolio for investments to sell.
The year 2022 was tumultuous for the investment world, filled with uncertainty that tested investors’ mettle. Despite these challenges, the central theme of 2022 was the ultimate heroic act of standing fast in the face of economic and inflationary uncertainty.