22 Feb 2021

Acropolis Trading Results

Outside of last week’s look at the state of the economy, most of these Insights of late have been about trading, mostly thanks to the bizarre price action of GameStop and normally obscure parts of the market, like SPACs (click here, here, or here to see these articles). Two weeks ago, the focus was on getting good ‘execution,’ which means getting good prices when we trade. Execution, and some of… Read More

16 Feb 2021

Where the Economy Stands Now

Vanguard has always provided balanced and thoughtful commentary about the economy and markets. In the last few years, they’ve done an even better job of producing it regularly and making it easy for advisors to access. Today, I’m sharing a client-approved document that they produced that is easy-to-read and sets a great baseline for thinking about 2021. The title says it all: Approaching the Dawn. Although I encourage you to… Read More

8 Feb 2021

Modern Robin Hood is No Hero

Last week, I wrote that that frenetic trading of a handful of stocks was affecting our portfolios, albeit moderately. I noted that GameStop was the largest holding in the S&P 600 small-cap index, which meant that we owned it through the index fund that tracks that index (and a few other places: for more, click here). Last week, GameStop stock fell -80 percent, but it didn’t hurt us too badly… Read More

1 Feb 2021

The GameStops Here

Just one week ago, I wrote about SPACs as a potential indicator for a frothy market and referred in passing to ‘Robinhood traders’ as another sign of the times. Little did I know that these foes of the rich and friends of the poor would dominate the news and that everyone I encounter would bring up GameStop. I tried to make the case that the craziness in SPACs probably isn’t… Read More

25 Jan 2021

What the SPAC?

Have you been hearing a lot about SPACs? They are one of the current poster-boys for market froth, along with Tesla, IPOs, bitcoin, and Robinhood traders. Officially, SPACs are ‘special purpose acquisition companies,’ but are often called blank-check companies. Historically, a relatively well-known investor would raise cash and form a SPAC, which is publicly traded. But, until the SPAC went out and bought a company with the cash they raised,… Read More

19 Jan 2021

The Hottest Funds of 2020

The Wall Street Journal last Sunday (that can be found here) about the top stock funds in 2020. They featured the Morgan Stanley Inception fund, which gained 150.6 percent, and pointed out that it surged 19.5 percent in the last few weeks of the year. The manager discussed how they had more than their fair share of investments in e-commerce, people working from home, and streaming entertainment. The top ten… Read More

14 Jan 2021

Portfolio Insights

We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Value & Growth Investing 2021 Tax Planning The Big Picture Click here to read the issue: Q4 2020 Portfolio Insights

3 Nov 2020

Special Election Coverage!

Well, election day is finally here. Over the past few months, many clients have understandably expressed concern over what may happen to the stock market. And, while we don’t know what the results will be or when we’ll know them, we do have history to look back on. And, even though I’ve heard both candidates and countless media people say that this is the most important election in our history, all of… Read More

18 Oct 2020

Portfolio Insights

We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Are Elections Bad for Markets? Presidential Markets The Big Picture Click here to read the issue: Q3 2020 Portfolio Insights

16 Jul 2020

Portfolio Insights

We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review CARES Act Summary The Big Picture Click here to read the issue: Q2 2020 Portfolio Insights