Portfolio Turnover

What is turnover and how is it calculated, and does it matter? And a related question, why does Sargent Bickham Lagudis sometimes sell a stock after only a short term, while other times holding a stock for years? When Warren Buffet was asked how long he thinks one should hold a stock, he famously replied that his favorite holding period is “forever.” READ MORE

Stop, taper time.

Taper Tantrum

If you have tuned into CNBC or read virtually any newspaper recently, you have very likely heard much talk about the Federal Reserve’s impending “tapering” of Quantitative Easing (QE).  If you checked your portfolio in late June, you likely saw firsthand the markets’ negative reactions to the possibility of tapering.  Seemingly every time Fed Chairman Ben Bernanke opens his mouth, he either inspires fear in the market, sending it spiraling down, or he injects renewed euphoria, sending it soaring to new highs.READ MORE

Shiller says…

I recently attended the Institutional Investor RIA East Conference. At the event, RIAs discuss and debate topics relevant to firms just like Sargent Bickham Lagudis. It is valuable networking, and the speakers are generally quite germane to the work we do here. These conferences are held about every six months on each coast, and I have been named to the advisory board for RIA West in October.