The Last Redoubt of Active Management—Down Markets?

Blog_Sad_BearSo there I am, at a recent Loring Ward Conference during a break. We’d just wrapped up a presentation on Asset Class Investing that includes a number of slides on the challenges active managers have in consistently and predictably outperforming the market. Continue reading

Picking Winners and Losers — It’s Anyone’s Guess

Asset Class Returns 2000-2014
When you lay out the returns of a variety of asset classes over time it’s hard to find any meaningful patterns. The chart above shows the returns on 10 different asset classes over time and it’s quickly evident that what was the star of last year rarely shines the brightest the following year. Continue reading

What Every Client Wants: A Leader WITHOUT Numbers

blog 53bI would like to discuss what might be the single most important trait of a truly invaluable financial advisor — Conviction. In order to have conviction you need to believe that what you are doing is bound to work. A year like 2014 will separate practicing financial advisors from leading financial advisors. Let me explain what I mean by that. Continue reading

Year End Distributions Rise as Capital Losses Run Out

Distribution_blog_Ben Franklin reminded us that one of the few certainties in life is taxes. This year some investors might see a slightly higher tax bill as they get a bit more than they bargained for in year-end distributions. For most fund companies, the capital gains distributions in December hurt more than previous years and may be some of the largest since the financial crisis. Putting things into perspective may help alleviate the pain.
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