Wealth/Stack Conference Recap

We did it! The inaugural Wealth/Stack conference was held in Scottsdale, AZ earlier this week. After more than a year of planning and preparation, we executed what I think will become a can’t miss event for independent advisors in future years. Of course, the team at Inside ETFs did the heavy lifting with logistics and…

Beginner’s Mind

My yoga teachers have often spoken of the benefits of a Beginner’s Mind. A student new to yoga, or any other discipline, approaches postures and sequences with no preconceived ideas and a healthy curiosity. There are no mental obstacles to block information and wisdom that can be obtained from learning the new pose. After practicing…

Yield Curve Inversion in the Mortgage Market

Mortgage rates are at their lowest levels in three years. A mortgage refinance boom is underway. As yields on long-term U.S. Treasuries have come down, so have mortgage rates. The 30-year fixed rate reached almost 5.0% in November 2018. It fell to 3.90% last week. According to the Mortgage Banker’s Association, refinance rates are 180%…

The Biggest Taboo – Inheritance

Talking about money is a big taboo. We might brag about a stock pick or a successful real estate deal we were invited to join. But rarely do we tell our friends how much money we earn or our actual net worth. That would be impolite. And no where is money a bigger taboo than…

Selloffs, Trade Wars, Yield Curve Inversions .. Oh My!

For the second time in two weeks, US stocks experienced a decent selloff yesterday. According to social media pundits, it was the fourth largest point decline in the history of the Dow Jones Industrial Average. Yikes! Except points are not percentages, and we will continue to see larger and larger point moves for the index…

The Belle Curve Turns One

It’s official. I’ve been blogging here for exactly one year today. When I revisit my first post and remember my expectations and concerns about starting a blog, I am filled with gratitude. This is my 83rd post, not bad, a little more than 1.5 times per week for an entire year. Given the rate of…

Portland Bound

On Monday, I am flying to Portland, Oregon to visit my colleague Joey Fishman. If you don’t know Joey, he is our in-house expert for ESG (environmental, social, and governance) investing. Josh wrote about our sustainable investing strategies and why we offer them to clients a few years ago. Ironically, I’m making this trip in…

Worrying About the Wrong Risk

Humans are notoriously bad at evaluating risk. Perhaps this is because there are two parts to calculating risk – the probability of an event and the magnitude of loss. It’s the probability that trips us up. We worry about shark attacks and terrorism when the chances of experiencing either of these risks is minute. In…

Storm Preparation

Tropical Storm Barry is slowly approaching landfall in southeast Louisiana, and New Orleans is expecting between 10-20 inches of rain on Saturday. Two days ago, flash floods dropped 8 inches on downtown New Orleans in less than two hours. Many streets were impassible and low lying businesses and homes took on water. The pumps that…

Discipline is Hard

I left home on Wednesday, and I won’t be back for more than a month. When my son’s daycare offered us the option of enrolling for the month of July, we saw an opportunity to get away from the brutal heat and humidity of summer in New Orleans. We will be visiting friends and family…