It’s Only Finance, Until You Make it Personal

It’s Only Finance, Until You Make it Personal

Before you plan, if you invest or participate in markets at all (even if only as one who earns and spends) finance is just finance. It’s numbers and averages, it changes quickly and it can be alternately exciting and scary. In the process of planning you begin to...
Market Downturns are Not a Destination.

Market Downturns are Not a Destination.

Markets and economies are cyclical. For instance, from 1945 through 2009 (the start of the current expansion), the United States experienced 11 economic cycles. The average recession lasted for about 11 months and the average expansion persisted for about 58 months,...
You Can’t Predict the Future, So Stop Trying!

You Can’t Predict the Future, So Stop Trying!

Larry Swedroe wrote a terrific piece for etf.com a few weeks ago called Better to Face Correction. He delivers a great no-nonsense take on trying to time your way around a correction: “Even if you believe the probability of a correction is high, it’s far from certain....
The Difference Between Theory and Practice

The Difference Between Theory and Practice

“In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might...
Once upon a time, five blind men discovered an elephant…

Once upon a time, five blind men discovered an elephant…

Once upon a time, five blind men discovered an elephant. Each man examined a different part of the elephant and formed a unique impression about the animal. One believed an elephant was like a pillar, while another decided an elephant was like a snake. In recent...
Markets Around the World

Markets Around the World

The Markets Around the world in a few paragraphs… The post-election adrenaline rush may be over in the United States. Is the “reality” of the Trump presidency setting in? Or, is this merely a brief pause before optimism becomes growth? Barron’s reported: “The new year...