We’ve received a handful of phone calls from clients asking if they should purchase some Boeing stock in the wake of the recent grounding of the 737 MAX 8 aircraft. The stock price declined nearly 12% over a two-day period from Monday, March 11th through Tuesday, March 12th, falling from $422.54/share to $375.41/share.1 As of this writing, the stock has continued to fall into the mid-360s range. Read More
It’s a brand new year, and that means champagne, Auld Lang Syne, weight loss resolutions, and lots of predictions. I Googled “2018 predictions,” and I got 78,900,000 results in 0.49 seconds. Read More
“Nothing exudes manly confidence like a mouthful of adult braces!” This was a hook for an advertisement I heard recently by an invisible aligner company. Read More
Recently, I finished reading a book called, The More of Less, by Joshua Becker. The book promotes the idea that most of us own more “stuff” than we really need or even want and that this clutter can “distract us from the very life we wish we were living.” Read More
Clients frequently ask us for ways to make a bigger impact with their charitable donations while simplifying the giving process. One of the best ways to accomplish this is by using a donor-advised fund. Read More
At the outset, I cannot stress strongly enough that my intent with this article is not to make a political point. Regardless of political views or feelings about the election result, there’s a fascinating case study on stock market behavior here, and it is worth unpacking what happened purely from an investment perspective. Read More
A meeting with a prospective client several weeks ago has stuck with me in a way that few meetings have in my career. As we learn about the goals and aspirations of the people with whom we work, we also hear about their frustrations with previous financial advisors. Read More
Last week, I had the pleasure of meeting Dr. Michael Winters when we both appeared as guests on the Houston Matters radio program. During the program, we talked about both financial and non-financial aspects of transitioning to retirement, topics that are way too expansive to cover in a short radio segment. I asked Dr. Winters to meet with me again yesterday to continue our conversation because his philosophy seemed to be in line with ours when it comes to transitioning to retirement: namely that you must know what you’re retiring to, not just what you’re retiring from.
I recently had a conversation with a client in her early 60s who is about to retire. As we talked about keeping a long term perspective despite recent market pressures, she noted that “Your long term and my long term are different.”
This client’s comment came from the anxiety she feels about retirement, which is perfectly understandable, especially given the tough market conditions we face today. We often hear investors say things like, “I don’t have a long time horizon. I’m retiring in a few years.” Very few people are fortunate enough to retire and then simply take their ball and go home. Almost all of us will have to invest through retirement, not just to retirement. Read More
The anticipation surrounding today’s announcement by the Federal Reserve rivaled that of the release of the latest Star Wars movie. After nearly a decade of a declining or unchanged Fed …
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