April Fools Investment Strategy
I was planning to write an April's Fool article about “The World’s Best Investment Strategy.” However, I changed my mind after my wife's prank went wrong.
I was planning to write an April's Fool article about “The World’s Best Investment Strategy.” However, I changed my mind after my wife's prank went wrong.
It’s hard to miss the financial press’ recent headlines about the inverted yield curve, which (we are told) inevitably signals our next recession. Given the financial media’s history of blowing things out of proportion, I went to the original source of this indicator to discover what his research is really telling us.
As I watched my daughter and her friends baking a batch of chocolate chip cookies, I realized there are several parallels between baking a good cookie and putting together a solid investment portfolio.
Investment diversification works, but not in all short-term periods. In 2018, very few asset classes had a positive performance for the year. While not pretty, there is some good news to report.
I’ve been fortunate to have built a good relationship with the media over the years. I receive anywhere from three to ten “media requests” each week from a wide variety of sources. When I do come across something of interest, I’ll email a few comments and offer my assistance; this frequently results in a short conversation with the reporter and a brief quote.
I love playing around with various tools that claim to save time or money. Unfortunately, most are not worth the hassle. I thought I’d share three sites/tools that I’ve used successfully over the years. Between them, I’ve saved thousands of dollars and had great experiences.
Once you have done the hard work to determine a mix of holdings that's best for you, there is still plenty of work to be done. MILE Wealth uses smart rebalancing strategies and finely tuned software to keep client portfolios in check.
I’m expecting lower than average returns for the US stock and bond markets over the next five to seven years. With my concerns in mind, I have added Alternatives (“Alts”) to client investment portfolios.
Over the last year, the Wilsons have added a new family hobby – escape rooms. These rooms are one of my favorite things that we do as a family. I've realized there are a bunch of parallels between them and what I do as a financial advisor. This is probably the reason I’m so hooked.
The pictures are heartbreaking as entire neighborhoods were burned beyond recognition all over California. How would you react if the news came that a fire was heading in your direction?
Weddings are expensive! I've gathered some wedding statistics and present some (less romantic) alternatives.
If you have a look at my bookshelf, you will see the books are focused on finance, evidence-based investment strategies and happiness. Happy Money is a great combination of all three.