In the news: Greece issues 5-year bonds

It’s hard to be shocked anymore in this bond market, but what happened the other day did jar me a bit. Greece, the country that was forced to restructure by the EU and shafted their debt holders a couple of years ago with a haircut and reduction in coupon rate after the international bailout, was able to re-enter the bond market. Not only were they able to issue $3.5[...] Continue reading
2 August, 2017

Passive investing primer

Over the last several years, a debate between “passive” and “active” management has been raging in the investment industry. So far, the passive approach is winning – with the majority of net investment dollars recently flowing into index-oriented mutual funds and Exchange Traded Funds (ETFs). Passive investing has become so popular that we thought it would be[...] Continue reading
4 April, 2017

Money market reform finalized

As a follow up to last year’s discussion on proposed money market reforms, we can now report that the U.S. Securities and Exchange Commission (SEC) has finished its work, and the reforms have been finalized. The new rules, which will go into effect in October of this year, were put in place in order to stem market disruptions similar to those encountered during the[...] Continue reading
9 May, 2016

The Peter Principle

Peter Lynch, legendary manager of the Fidelity Magellan Fund and one of the greatest investors of all time, once said that you should “never invest in any idea you cannot illustrate with a crayon.” With this simple concept in mind, we present brief sketches of each of the 20 largest positions in our individual securities portfolios: Verizon Communications Inc. (VZ)[...] Continue reading
6 May, 2016

Investing 101 for millennials

Investing can be intimidating, especially if you’re new to it and try to do it alone. As an advisor and a millennial myself, I’d like to shed some light on the importance of investing and working with an advisor, and I’ll begin with my single, best piece of advice…start early. It sounds so simple, but in order to maximize the potential of your investments, it is[...] Continue reading
14 April, 2016

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