Back in November, I wrote about the Sequoia fund (ticker symbol: SEQUX) on the losing side of a big bet on Valeant Pharmaceuticals (ticker symbol: VRX). Sequoia is a well-known fund, in part because when Warren Buffet unwound his hedge fund in the late 1960s, he recommended that his clients go to Sequoia, which was run by his friend Bill Ruane. Sequoia had good results and wasn’t afraid to take… Read More
This is the second part in a series on the successful transition to retirement. The first article addressed The Challenge of Leisure and this one will dive a little deeper into the family dynamic, which typically effects everyone in the house, not just the person retiring. My parents had close friends (whom I will call George and Martha). My dad and George served in the Navy together. George went on to… Read More
Click here to view Q1 2016 Participant Insights
The transition to retirement is a major milestone and Acropolis helps our clients make a successful transition. Retiring is often equated with having more leisure time. However, clients should have a strategy for healthy aging. Leisure is an important part of life which provides many benefits. A few of these are: time to recharge our batteries, give us something to look forward to, and provides a change of pace in… Read More
I read a newsletter on and off that always features an obituary. I know a lot of people read them every day, but I find that a little depressing. I wrote about David Bowie’s passing back in January, and at the risk of writing too many obits, I thought I would note the death of John Gutfreund yesterday, who was dubbed the King of Wall Street by BusinessWeek magazine. Gutfreund… Read More
We have another special posting from Michael Lissner today, who will be writing Daily Insights more regularly. Also, there was a large typo yesterday, which said that we had traded $223.2 billion worth of stocks and ETFs. Far from it: we traded $223.2 million in stocks and ETFs, which is still a lot, but less than what I wrote, which makes more sense given our $1.2 billion in assets under management…. Read More
Some things are easy to measure, like the internal costs of a mutual fund or exchange traded fund (ETF) or how much we spend in commissions at our custodian to buy or sell stocks, bonds, mutual funds and ETFs. It’s much harder to measure the market impact of your trading, or how much you pay as a price-taker (like us) between the price to buy a security (the offer) and how… Read More
