Tax Reform is a Fiscal Stimulus

From January 30th, 2017 client presentation. Tax reform is a $1.5 Trillion stimulus. But it is selective. And, it will absolutely lead to higher deficits, a higher national debt, and probably a whole lot of political wrangling. Previously: Valuations high, but not as...

Earnings Drive Stock Prices

From January 30th, 2017 client presentation. In the short term there are many many things that can push prices up and down. In the long term there is only 1 thing that matters. The markets are up and continue to rise because earnings continue to rise and may be...

Your Financial Plan is Everything

From January 30th, 2017 client presentation. Markets started of 2018 well, volatility is likely to return… AND It does not matter what markets do. Our success in markets has far more to do with our reaction to market movements than it does to the market movements...

10 Financial Actions to Take Now

January 26th was the prior market peak. The S&P500 closed at 2873. Then came February’s technical correction which gave us a textbook 10% decline and a whole litany of “The End Is Nigh” catastrophism from the financial media. Today, as I write this, the S&P...

It’s Only Finance, Until You Make it Personal

Before you plan, if you invest or participate in markets at all (even if only as one who earns and spends) finance is just finance. It’s numbers and averages, it changes quickly and it can be alternately exciting and scary. In the process of planning you begin to...