“The World Cup and Equity Markets” There is no doubt that the World Cup captures huge attention and generates a massive amount of passion – but does it affect stock markets? Apparently so. According to Goldman Sachs, there is a clear pattern of outperformance by the (country) winning team in the weeks after the World […]
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“Fish see the bait, but not the hook; men see the profit, but not the peril.” (Chinese Proverb) The key to successful investing is not seeing the future with some kind of mythical vision — it is seeing the present with clarity. I think this is as true today as ever, in a world recovering […]
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The Cornerstone February 2014 “The Best Investment Approach” It has become more common for advisors and research analysts to speak about Thematic, Thesis or even Opportunistic approaches to investing – the secret sauces that keep your portfolios humming. Are these just more made up ideas or marketing gimmicks to keep the public on their […]
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The Cornerstone “The View from November and the Rest of 2013” Well how do you start out a letter when the market is hitting on all cylinders and making new all-time highs? Simple! We start looking at all the possibilities for next year! But this year really has been one for the record books and […]
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“Why Performance is a Distraction” When we get hit with distractions such as the dysfunctional Congress, a random hurricane thousands of miles away or a Miley Cyrus video, it takes our eye off of our goals and objectives– the big picture stuff. We’re easily distracted and the news media knows it, just look at television […]
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The Cornerstone June 2013 “The end of QE?” Wow! What a week! In a press conference following this week’s FOMC meeting, Fed Chairman Ben Bernanke provided markets with a clearer understanding on how the Fed expects to phase out its current quantitative easing (QE) program. This timetable is justified both by economic progress and by […]
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The Cornerstone – April 2013 “Diversification at the Crossroads” We have seen a very good equity market over the last year – not totally unexpected given the large amount of cash available, low interest rates, and an overall improvement in the economy here in the US. The returns are largely from US stocks, especially those […]
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“We Pursue Bold Persistent Experimentation” I would first like to welcome Mark Elston, Jim Elston, Dave Quinn and Tiffany DelSanto to Legacy Wealth Planning, the best people ever to work with, in the best firm ever. It’s great to have first rate people joining our firm and to reunite with old friends and coworkers. I […]
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The Cornerstone June 2011 “The War is On!” Between the Bulls and the Bear naturally, with many of the naysayers believing that with the European Union(EU) in disarray, wars on different continents, and the USA so upside down financially that the ”Double Dip” recession promised on television is all but a done deal. Then there […]
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