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…

Until We Get the Whole Dollar

On January 21, 2017 the largest single day protest in U.S. history occurred. In cities across the U.S. and around the world, an estimated 7 million women marched in protest of a wave of anti-women rhetoric spurred by the election of Donald Trump as President of the United States. It was also the day after…

What My CFA Charter Means to Me

Today, thousands of candidates from every corner of the globe will sit for a CFA exam. The CFA designation, which stands for Chartered Financial Analyst, is billed as the premier, global designation for professionals working in investment management. It has been dubbed ‘the gold standard’ in the investment industry.  In addition to a credential, it…

Watching Paint Dry

Last week, a client pointed out to me that the market is in the same place it was 18 months ago. I nodded my head. Of course, that happens all the time. But each time, we feel the emotional malaise that comes with watching our accounts hover around the same value for a year and…