Tax Law Changes that May Affect You

  Single Filers Old Law   New Law Tax Bracket Taxable Income   Tax Bracket Taxable Income 10% Up to $9,325 10% Up to $9,525 15% $9,326 – $37,950 12% $9,526 – $38,700 25% $37,951 – $91,900 22% $38,701 – $82,500 28% $91,901 – $191,650 24% $82,501 – $157,500 33% […]


April Investment Comments

Stock investors as a group seem like a bunch of manic depressives, present company excluded of course.  We worry when the economy doesn’t grow much because recessions accompany bear markets and we certainly don’t like those.  But we also fret when the economy does too well because that could result […]


Misadventures in Volatility

When the stock market fell 10% recently the biggest losers weren’t stock investors but rather volatility sellers.  Stock investors can’t be seriously harmed by a simple correction.  Even aggressive, margined investors can survive a 10% decline.  Brokers are smart enough not to make margin loans that become potentially uncollectible in […]


March Investment Comments

After two years of a steadily rising stock market it finally happened: the dreaded correction.  Corrections are defined as at least a 10% drop in market value after achieving a peak.  On Thursday, February 8th the Dow Jones Industrial Average finished the day at 23,860.46, down 10.4% from its peak […]


Bitcoin Smells Like a Tulip

Tulips are a beautiful flower with a rich history.  They were introduced to Europe in the mid-1500’s from the Ottoman Empire.  They gained popularity in what became the Netherlands in the late 1500’s and became a status symbol due to their unique colors.  After a virus caused petals to incorporate […]


January Investment Comments

The S&P 500 has continued its run, returning more than 17% year-to-date through November.  The steady rise this year, with only modest turbulence, has increased the number of market observers highlighting an “overheated” market where investors have become complacent.  Not to completely dismiss these concerns, but a fact-based analysis helps […]


Year End Checklist

With 2017 drawing to an end, most people are in the midst of winding down work projects, making holiday plans, and double-checking their Christmas lists.  Therefore, as the chaotic holiday season quickly approaches it is easy to put off financial decisions until after the New Year.  However, the final weeks […]


December Investment Comments

How Important Is Tax Reform to the U.S. Markets? The U.S. economy and the rest of the world look generally healthy.  That’s something we haven’t been able to say since before the 2008-2009 global financial crisis.  Since that time, major parts of the world have either been in recession or […]


The Importance of Temperament

Much has been written regarding the current period of relative tranquility in the market.  Investors have enjoyed a steady climb higher with few “gut checks” along the way.  The S&P 500 Index hasn’t sustained as much as a 5% decline in the past year and a half, and if this […]


November Investment Comments

The S&P 500 gained 2% last month and is now up 14% for the year.  According to finviz.com, every sector registered gains, with financials and technology leading the way. Third quarter “earnings season” is off to a strong start.  According to FactSet, with 6% of the S&P 500 reporting as […]