There is No Such Thing as Average

Monday, June 10th, 2019 By: By: Kevin Shuller, CFA®

What type of returns do you expect from stocks in 2019? Most investors will say something between 5-10%. The most bullish will say 15%. Why shouldn’t they? S&P 500 returns about 9% a year. If we give ourselves 50% wiggle room, that gets us to 5-15%. Why not play it safe and expect the average? […] More ›


Rebalancing: The Key That Unlocks Diversification’s Treasure

Friday, April 26th, 2019 By: Kevin Shuller, CFA®

We love diversification around here. Big fans. Stocks. Bonds. We love them all. They all have places in our portfolios. We love diversification for many reasons. It dampens volatility, which should make your portfolio compound over time. A diverse portfolio can also give a boost to your psyche. The more diversity you have, the more […] More ›


Using ETFs To Save On Your Taxes

Friday, March 22nd, 2019 By: Kevin Shuller, CFA®

Tax season approaches. Mutual Fund investors are making unpleasant realizations. Most lost money in 2018, yet they must pay taxes.   Why did this happen?  Mutual funds are companies. When you invest in a mutual fund, you are buying shares in a company whose sole way of making money is investing in other securities.   All companies pay taxes when they make money. Mutual funds are no different. When they […] More ›


The Secret About Buybacks

Friday, February 22nd, 2019 By: Kevin Shuller, CFA®

Poor share buybacks. They are everyone’s punching bag right now. From politicians to the New York Times Opinion page, everyone is taking their turn whacking the pinata. We never see headlines calling for the increased regulation of dividends. Everyone loves dividends. Dividends put cash in your pocket. Many of us are old enough to remember […] More ›


Riding the Rollercoaster

Thursday, August 4th, 2016

With the benefit of hindsight, we can see it would have been a bad idea to sell stock holdings after the Brexit vote. You would have locked in a 5% to 10% loss in a market that eventually trended upward to record highs. The same was true in the aftermath of the World Court’s decision […] More ›


Welcome to Brexit

Friday, June 24th, 2016

“The endless threats about trade deals and GDP per capita from the EU…, instead of cowing the British people, seem merely to have excited their bloody-mindedness. They recognize that they might indeed take a short-term financial hit, but there are some things more important than money.” Andrew Roberts, British historian, in his Bradley Prize speech […] More ›


The Dog Days of Late Summer

Friday, September 4th, 2015

Chances are these days that you’re sneaking a peak at the investment markets and probably more than once a day. They’ve certainly provided their share of excitement recently: down 4% one day, up more than 2% the next day or two. Analysts are scrambling to explain why one day the markets are down sharply, and […] More ›


Bear in the China Shop

Tuesday, August 4th, 2015

China’s stock market appears to be back in free-fall, despite the Chinese government’s efforts to control stock prices and stem the panic. The chief culprit appears to be leverage: investors last year and in the first half of this year borrowed billions in order to buy stocks on margin, offering little or no collateral except […] More ›