April 2018 Market Commentary and Outlook

Following an incredible year that enjoyed better than average market returns and remarkably low volatility, the market’s smooth ride turned rather chaotic during the first quarter.  January began the year with an impressive gain, with the S&P 500 increasing 5.7%, which is the best January return in 21 years.  Then … Read more »

Thinking About the Recent S&P Correction from a Historical Perspective

Mark Twain once said, “history doesn’t repeat itself, but it often rhymes.”  The same can be said about some of the stock market activity in recent years.  We believe there are striking similarities between last month’s market correction (a correction is a loss of 10% or greater) and two other … Read more »

Modern Portfolio Theory Remains Relevant Many Years After Its Introduction

For most of our clients, the diversification of investments suggested by modern portfolio theory is an essential element in achieving the long term returns necessary to achieve their financial goals.  Simply put, you don’t want to have too many eggs in one basket. I recently had an opportunity to contribute … Read more »

Behavioral Biases: An Investor’s Worst Enemy

An article recently published on SmartMoney.com highlights of one of the best reasons to hire a financial advisor; the help of an experienced professional to guide you through turbulent markets and to (hopefully) help you avoid making costly decisions driven by emotion.  By the author’s measure, individual investors have lost … Read more »