Recently, I was reviewing a client’s account that is managed by a large retail brokerage company. The account had 31 mutual funds and a value of approximately $165,000. This equates to a little over $5,000 per fund. The funds were allocated to a diversified portfolio that was based on the client’s time horizon, investment goals, […]
TV Appearance on the “10 Percent”
Several months ago, I made my first ever TV appearance on the Comcast local television show, the 10 Percent. I want to thank David Perry of David Perry and Associates for inviting me on the show. David and I discussed a number of topics including my transition from engineering to financial advising, behavioral biases that result […]
The New Fiduciary Rule – Just Plain Common Sense
On April 8, the Department of Labor (DOL) released the final version of its long awaited fiduciary rule that applies to retirement accounts, such as 401(k)s and IRAs. The purpose of the rule is to ensure that financial advisors put their clients’ interests ahead of their own. It’s a simple concept that is just plain common […]
2016 Q1 Market Update
March 2016 came to an end with markets close to unchanged for the quarter. However, this does not tell the full story. The year started off with one of the worst starts for any year. By February 11, most markets were down 10% or more for the year. Many markets were actually down over 20% […]
2015 Market Recap
After a turbulent 3rd quarter, markets rebounded in the 4th quarter. For the year, the S&P 500 index was down 0.7% to 2044. The Dow Jones Industrial Average was down 2.3% for the year, closing at 17,245. Technology stocks fared better with the NASDAQ Composite Index up 5.2% to 5,007. In fact, some of the […]