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Choosing the Candidate

Some of our clients are firm Democrats, some staunch Republicans, and others somewhere in the middle.  I have asked many the question who was ‘surprised’ by the 2016 election results.  To a person, each one was.  Whether you are for the President-Elect or against him is irrelevant to my main point.  The following are all facts; We experienced a year of Donald Trump and Hillary Clinton never being out of the news.  They were the only major candidates and…

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Remarkable X 2

In another article we talked about John Bogle and the dominant rise in passive investing.  This time, I’m going to take off from that point and talk about two timely and remarkable pieces of news that relate DIRECTLY to you and your portfolio with Wellspring. First, if you will recall, the essence of the referenced article is that Wall Street’s genius fund managers are generally full of crap (that’s a purely technical term).  It does not matter if you have…

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Getting It Right

We always try to do things right for you at Wellspring Financial Partners.  Now, you’d expect that I would say that and, to be frank, I’m sure Wells Fargo might have said the same thing to their customers over the last couple of years.  Really, I’m sure they did! For both our sakes’ let’s move beyond Wells Fargo and for the sake of objectivity let’s look for outside evidence to make sure it is jiving with what Wellspring is saying. …

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5,000 or Bust

I thought it worthwhile to view the world of ‘work’ over a period of about 3 or so millennium!  Let’s round it to 5,000 years just for the sake of convenience. People have been lending money to each other for a long, long time.  Normally, the lending of money occurs when three things happen; Someone needs resources (money) that they don’t possess today to buy something they want They have to look like they are able to pay it…

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If You Were King

The Democratic and Republican National Conventions are over but the shouting certainly is not. Because the recent news has been filled with the various musings of both party’s candidates, I think talking about their COMMON THEMES (yes, there is one!) would be worthwhile and instructive. NOTE: I will stay politically neutral here. It would be easy to avoid talking about politics when the country is so polarized, but then I would not be serving you well. My job is…

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Short vs. Long

“Very interesting”, is how the Chinese would surmise the market activity over the last 2 weeks.  Given that markets have been down roughly 1,000 points since the Brexit vote (give or take 100 points, as it’s not worth quibbling about given the recent volatility), I’m electing to move my normal first of the month letter to you up by a few days to address both what we see in the short term (a lot) and what it portends in…

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Winning Ideas

  Two things are on our mind this month, but in the end they together make a common theme that we think you’ll both appreciate and benefit in knowing. We are at the time of year when students are matriculating from various institutions and grades.  The 8th graders have Promotions, and High School seniors are completing their historical rite of passage, but let me focus on College graduates.   In 2015 the country saw about 20 million people enrolled in…

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I Do

    In my meetings with you or in my communications to you, I commonly stress financial education; I WANT you to know what is happening in your portfolio, what I am doing for you and why these are good steps.  Also commonly expressed, I state to you that over-education is a weakness that I fall prey to more often than not.  Let me use this monthly exchange to state why I’m not going to change, and relate to…

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Elect Wisdom

  We know…just know…that there are at least two things on your mind; What’s going to happen in this very interesting Presidential Election? Which way is the stock market going next? To be clear, if you KNEW either one of those things, you’d be in a class all by yourself.  To be further clear, if you bet on either one as happening, you may win but it would be pure speculation.  Wisdom, by definition, is not speculation.  Thus, let…

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Trade Matters

At a time when politician’s talk freely (not well, of course, but freely) and many ideas and ideologies are bantered about, let us try to provide some clarity on two important topics on the current pulpit pitches; Trade Central Bank and Monetary Policies (and effective limits therefore) The above subjects may seem boring or stuffy but let us assure you they can be understood and they need to be understood. All politicians and presidential candidates espouse taking care of…

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