Market Commentary

Prospect Theory – The Pain of Market Dips

For the last few months, it has not been pleasant to look at your investment and retirement account statements. Some of you might have decided not to open the statements. Others fret: What to do? How to make sense of the myriad of expert explanations you hear and read?READ MORE

The case for a global perspective

In the following white paper provided by Charles Schwab, the case for a global perspective is addressed by incorporating a worldwide investment approach in an increasingly globally diversified market. Schwab compares the stocks of the MSCI All Country World Index (ACWI) to the diversity of the Masters championship golf tournament.

“We believe a global perspective that incorporates portfolio allocations to U.S. and international stock markets along with global benchmarks for performance are vital to successful long-term investing.”

Read their full report here:

Schwab White Paper Global Investing 07-28-15

Perspectives

The inglorious exit of Bill Gross from PIMCO, the firm he founded and built into the largest bond management firm in the world, prompts reflection. Gross is almost twenty years my senior, but like him I began my career in a different era. It was the summer of 1982READ MORE