Talking to Your Clients about 2014 Performance

Barry LaValley BlogFor some of us, 2014 performance has been more difficult to explain to clients than 2008, and I understand why. U.S. Large Cap indexes, the ones our clients zero in on, have been up over 10% for the year, strongly outperforming a globally-diversified portfolio.
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Daniel Kahneman Talks about Luck, the Super Bowl and Investing

matt2_blogI was in New York City last week and attended an IMCA hosted event featuring 2002 Nobel Prize in Economics winner Daniel Kahneman. A psychologist by trade, his expertise has been in the judgment and decision-making areas of behavioral finance.
Addressing the crowd he made several salient points key to the client/advisor relationship: Continue reading

Keep Your Eye on the Ball – What Baseball Can Teach us About Investing

“Baseball is a lot like life. It’s a day-to-day existence, full of ups and downs.”
Ernie Harwell, the voice of the Detroit Tigers

There are plenty of baseball sayings you can relate to investing — keep your eye on the ball, step up to the plate, don’t let the fear of striking out keep you from playing the game — but there’s a great lesson baseball can teach us about diversification. Continue reading