Protecting Your Finances Following the Equifax Data Breach

Equifax, one of the major credit reporting bureaus, has announced that on July 29 it discovered a data breach affecting as many as 143 million U.S. consumers. Tim Maurer goes on NBR to discuss some steps you can take next if you think your information was compromised. View the video By clicking on any of the […]

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Topics: Advice, Cybersecurity, Risk Management

Understanding Different Types of Risks

Harry Markowitz received the Nobel Prize in Economic Sciences in 1990 for his contributions to the body of work known as “modern portfolio theory.” Probably his greatest contribution was to turn the focus away from analyzing the risk and expected return of individual investments to considering how its addition impacts the risk and expected return […]

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Topics: Advice, Investing, Market Insights

More Hazards of Individual Stocks

In a recent article that highlighted the perils of owning individual stocks, I offered the historical evidence demonstrating how only a small percentage of stocks have accounted for all the gains provided by the market—with the vast majority earning a big, fat zero in aggregate cumulative returns, even before considering the impact of inflation or taxes. […]

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Topics: Advice, Market Insights

Active Management Falls Short With Bonds, Too

In a July 2017 Q&A with WealthManagement.com, Western Asset Management CIO Ken Leech asserts that passive investing is unlikely to play as large a role in fixed income as it does now in equities because active managers outperform their benchmarks much more in the bond market than they do in the stock market. While the trend toward […]

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Topics: Advice, Investing, Market Insights

The Momentum Factor: Fundamental or Price?

Momentum is the tendency for assets that have performed well (poorly) in the recent past to continue to perform well (poorly) in the future, at least for a short period of time. The momentum effect is one of the most pervasive asset pricing anomalies documented in the financial literature: Stocks with the highest returns over […]

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Topics: Advice, Market Insights

Valuations and the CAPE 10: A Metric in Dire Need of Context

With the Shiller CAPE 10 near 30 (29.7 as I write this), it’s likely you have been reading articles that quote gurus who claim the market is on its last legs/breath due to excessive valuations. And the amount of calls I’m getting from concerned investors (especially, it seems, those who hold a certain set of political beliefs) has […]

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Topics: Advice, Investing

Retirement Plans: Crucial Conversations

Have you discussed your retirement plans with your spouse, partner, parents, children or friends? Your retirement will have an impact on them, and importantly, they will have a profound effect on your retirement. Yet, a surprisingly small percentage of us have had timely and helpful conversations that could be crucial to our future retirement success. […]

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Topics: Advice, Retirement

Avoiding a Long-Term Care Crisis: Planning Is the Only Cure

Long-term care may soon overtake Social Security and Medicare as our country’s most pressing social challenge. With an enormous and rapidly aging baby boom population and the rising cost of delivering healthcare, long-term care looks like a national crisis in the making. However, it need not be a personal crisis. With forethought and careful financial […]

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Topics: Advice, Retirement

Annuities…The Good, the Bad and the Ugly

Too often, I’ve heard this all-too-familiar story. A client brings in an annuity policy to review, either for themselves or a family member. They bought it to create a steady annual flow of income on later life, as insurance against unexpected longevity. But what we see is a jaw-dropping set of numbers that reveal poor […]

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Topics: Advice, Investing