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Where Did It Go?

When special US government programs distribute money to individuals broadly, we often wonder how the money was actually used. It can occur after a natural disaster, and it happened in March with the $2.2 trillion CARES Act stimulus in response…
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Thoughts in Charts: How long do you have?

At a firm where one of our key investment principles is that “time matters”, I love a chart that show why we value it. Before I dig in though, let me say loud and clear that past performance does not guarantee future results. I use history…
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Thin(k) About Your 401(k) Plan: Long-Term Investing – Election Year Volatility

I can hardly help allowing the uncertainty that comes during a Presidential election year from creeping into my investor mindset.  I know many factoids about the market performance every four years when we elect a President.  Volatility is…
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Choosing the Right Financial Road

When you don’t know where you are going, any road will get you there.  – Lewis Carroll. This is true in life, careers, and our financial futures. It is particularly relevant when the stock market is as volatile as it has been throughout…
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Thoughts in Charts: Municipal Bond Double-Take

I love when a chart makes you do a double take. When a chart makes you go “Yes!” but then after another minute “Oh”. Because municipal bond yield is usually exempt from state, local and federal taxes, investors are willing to…
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Is a 60/40 Investment Allocation for Everyone?

  One of the most important choices we have with our investments is the allocation of our dollars. How much will we invest in stocks, in bonds, or in any other assets? Large or small, growth or value?  Studies have shown that over…
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Thoughts in Charts: U.S. Currency

I took a trip to Europe after I graduated from college. My parents bought the plane ticket, and I was responsible for my “walking around” money. I wasn’t in the habit of following the currency market, so standing at the exchange counter…
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Thoughts in Charts: Keeping a Global Perspective

As US investors, it’s important to pay attention to how the international market is behaving. The panel on the left shows that US returns were stronger from 2005 to 2019, followed by EM, Europe ex-UK and then Japan. Now let’s look…
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Thin(k) About Your 401(k) Plan: A Non-401(k) Plan Week – A Fascinating Resource of Reports From McKinsey

McKinsey has recently published a fascinating and useful collection of reports Charting The Path To The Next Normal: A daily chart that helps explain a changing world - during the pandemic and beyond.  The page is full of charts linking to…
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Diversification – What Happened?

We’ve heard it time and again – “Don’t keep all your eggs in one basket.”  This childhood lesson finds its way into most investment portfolios, with diversification being an important and well-accepted principle in developing…