Hubris is an ancient Greek word that describes a personal quality of extreme or foolish pride or dangerous overconfidence. In the Greek classics, such as the Odyssey and the Iliad, it described actions that defied the norms of behavior or challenged the gods, which in turn brought about the downfall of the perpetrator of hubris. While the […]
Investment Ideas
DOW 20,000!
Today, the Dow Jones Industrial Average (DJIA) rose above 20,000 for the first time ever. At the same time, other market indices, including the S&P 500 and the NASDAQ Composite also reached all-time highs. The recent market highs follow the election of Donald Trump as President of the United States. Trump’s promises of reduced corporate and individual […]
Invest for Future Healthcare Costs and Save on Taxes Now!
Open enrollment season for employee benefits is upon us. One thing worth checking out is a high deductible healthcare plan (HDHP) coupled with a Health Savings Account (HSA). HSAs offer a unique way to save for current and future medical expenses. The HSA is the only investment account in which contributions are tax-deductible and distributions […]
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 […]
The Danger of Reaching for Yield in a Low Interest Rate World
Recently, high-yield bonds, otherwise known as junk bonds, have been in the news following the collapse of the Third Avenue Focused Credit Fund. This mutual fund invested in some of the riskiest and least liquid bonds and corporate bank loans. The fund was already down 27% in 2015. As investors tried to get their money […]