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Health Is Wealth

The statement “health is wealth” has been argued by some to go back to Hippocrates (460 BCE to 370 BCE), who arguably was the first great medical researcher and ethicist.  It is more likely, however, to have been derived over the past 300 years as our definitions of wealth have expanded and our average lifetimes have extended.  This letter addresses that profound evolution and it’s practical implications to how we manage your portfolio today.   In the annals of…

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New Definition of Fiduciary

As you are aware, in 2016 the Department of Labor (DOL) finalized regulations updating, and expanding, the definition of “fiduciary” in regards to the provision of investment advice. Originally these regulations were set to become applicable in April of this year. The current administration wanted to delay the applicable date to allow the DOL to fully examine the impact of the new rules. As a result the DOL pushed back the applicable date to June 9th. Then, days after…

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Average Ain’t Average

Oh boy, oh boy.  A little knowledge can go a long way and we have some facts that you will find titillating (perhaps not, but at the least, very useful). Last month we did a review of bonds (who issues them, how they work, some of their unique challenges, etc.).  This time, let’s take an explanative stroll down the stock lane, but do it differently than how it’s normally explained. Different than bonds, stocks don’t owe you anything.  A…

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Let Us Bond

Many of our articles deal with equities (generally meaning stocks) and their respective traits (their returns, volatility, what drives their price, etc.).  People like to learn about stocks because “they’re sexy” (some say).  Yet, equally important to your future (directly or indirectly, as I’ll shortly show) is their counterpart; bonds (fixed income by any other name).  You should know about them because bonds play an important role in our global economy and in your portfolio.  It may also surprise…

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Investor vs. Investments

In a Walk Kelly comic strip there was a possum named Pogo, and in the 1971 Earth Day posting Pogo uttered the philosophical revelation; “We have met the enemy and he is us”.  Nowhere is this time-tested tale more evident than in watching investor behaviors.  Observe that I did NOT say it was evident in studying or looking at investments, but rather in investor behaviors. As our clients are well aware of our dislike for how the financial services…

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Supreme, and not to extreme

This article has a little heavy metal with it, and we don’t want it to be too weighty, but we should talk about international investing. We all would like to be considered really good at something.  For some it might be being a great mother, some at playing great basketball, for some it’s business leadership, and some at public speaking, etc. etc..  If we are considered really good at it, we might even be complimented by others as ‘supreme’. …

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Over the Top

The term ‘over the top’ has its origins, at least in part, from World War I history.  Unfortunately, it referred to the infantry who, when given that order, had to climb up out of their trenches and onto the exposed battlefield (also known as ‘no man’s land’, another idiom from WWI that stays with us).  The incurred casualties were staggering, and the achieved results, minimal. Now, as an idiom of the English language, ‘over the top’ generally refers to…

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Term vs. Terms

We don’t want to ever politicize our communication with you.  However, if we don’t address the topic of where the economy is going under President Trump, you will think us timid, which good advisors should never be.  Therefore, let us address the question that many of you are at least mulling in private if not addressing in public: Will the economy be good under Donald F. Trump, or tank because of his leadership? The answer to this question, one…

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The Department of Labor Fiduciary Rule

Sometimes the rest of the world finally catches up with your thinking. Last week the Department of Labor published a document which explains a new rule that goes into effect on April 10 of this year. (a link to the referenced document is at the bottom of this email, but don’t read ahead 🙂 ) The new rule says that a financial advisor who gives you advice about your retirement account must give that advice in your best interest….

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In It To Win It

  At the end of this year, we realize you have many things to be doing with family over the Holidays or wrapping up at work, so we won’t take much of your time here.  However, always seeking to educate you in preparation for the future, we want to lay out some enticing morsels that will appeal to your speculative taste buds but likely do harm to your portfolio waistline.  This article is going to lay out some interesting…

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