Earnings Drive Stock Prices

Earnings Drive Stock Prices

From January 30th, 2017 client presentation. In the short term there are many many things that can push prices up and down. In the long term there is only 1 thing that matters. The markets are up and continue to rise because earnings continue to rise and may be...
Your Financial Plan is Everything

Your Financial Plan is Everything

From January 30th, 2017 client presentation. Markets started of 2018 well, volatility is likely to return… AND It does not matter what markets do. Our success in markets has far more to do with our reaction to market movements than it does to the market movements...
10 Financial Actions to Take Now

10 Financial Actions to Take Now

January 26th was the prior market peak. The S&P500 closed at 2873. Then came February’s technical correction which gave us a textbook 10% decline and a whole litany of “The End Is Nigh” catastrophism from the financial media. Today, as I write this, the S&P...
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....