There’s an old story about Joseph Kennedy in which a shoeshine boy started giving him stock tips while he was sitting in a chair getting his shoes buffed. That was all he needed to hear. Kennedy immediately returned to his office and sold all of his stock holdings. That was in 1929 right before the … Read more
In the competitive market for financial advice, advisory firms often seek to find ways to differentiate themselves from one another. For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more … Read more
A holiday song reminds us… “Grandma got run over by a reindeer, walking home from our house Christmas eve.” …It’s important to remember that there are risks that come with the holiday season and this is the perfect time for you to review your insurance policies and make sure they’re up to date, because practicing … Read more
Politicians don’t control the stock market. When stocks go up presidents get too much credit and when they go down they get too much blame. It’s mostly circumstantial depending on the timing of cycles and such. But the markets move faster than ever these days. Investors are constantly pricing in the future, sometimes right, sometimes … Read more
When Barack Obama was elected president the U.S. economy and markets were in rough shape. From the peak in October 2007 through election day the S&P 500 was already in the midst of a 35% drawdown. By the time he was inaugurated in January 2009, the market was down nearly 50% in total. By March, … Read more
