March Investment Comments

Date posted: March 20, 2014

Investors have had to navigate some choppy waters this year. In January, the S&P 500 lost 3.5%. According to Lipper Inc., investors reacted by withdrawing $18.8 billion from U.S. stock mutual and exchange traded funds during the first week of February. This comes after U.S. stock funds attracted $172 billion in 2013, the largest inflow […]


The Process of Building Strong Stock Portfolios

Date posted: March 20, 2014

Last fall, I outlined the evolution of Provident Investment Management, the gradual change in our team and the intensification of our processes over the years.  We often talk with prospective clients in detail about this intensified investment process, and it occurred to us that our clients might also be interested to know more about our […]


February Viewpoint

Date posted: February 20, 2014

VIEWPOINT  Introducing Dan Krstevski, CFP® Taking excellent care of our clients and their investments is a team effort.  As leader of the team, it is important for me to find the best way for each member to contribute.   Dan Krstevski’s position consists of introducing Provident to prospective clients and addressing clients’ ongoing administrative needs.  As […]


February Investment Comments

Date posted: February 19, 2014

Investors have had to navigate some choppy waters this year.  In January, the S&P 500 lost 3.5%.  According to Lipper Inc., investors reacted by withdrawing $18.8 billion from U.S. stock mutual and exchange traded funds during the first week of February.  This comes after U.S. stock funds attracted $172 billion in 2013, the largest inflow […]


Another Risk of Owning Mutual Funds

Date posted: January 13, 2014

While we are best known for our stock investing, we also invest in bonds for some clients.  In particular, we are fans of municipal bonds, or “munis.”  Investors are familiar with tax-free munis, but they also come in taxable varieties that can be appropriate for tax-exempt or tax-deferred accounts such as IRAs. The purpose of […]


January Investment Comments

Date posted: January 13, 2014

Let us start by saying happy New Year and wishing you a safe and profitable 2014! 2013 has certainly been a great year to be in stocks. Including reinvested dividends, the S&P 500 is up 29.1% through November.  December has been somewhat soft, but even so this is the best year for the market since […]


Caveat Emptor

Date posted: December 18, 2013

I bet most of you have heard of the phrase “Caveat Emptor:  Let the buyer beware.”  While most of us think of this phrase in the context of our everyday purchases, it is also very important when selecting an investment professional to help you manage your money. I recently talked to a prospect who was […]


December Investment Comments

Date posted: December 18, 2013

In matters of economics and investing, it is important to pay more attention to what people actually do, rather than what they say they will do. People will frequently tell pollsters and friends one thing, so as to not seem out of step with current trends or worries, but then do something completely different. Case […]


December Repair Shop

Date posted: November 25, 2013

Picking stocks in late 2008 was like juggling knives in a tornado. Despite the brutal market conditions, members of the Securities Review Committee realized the show must go on. Pharmaceutical Product Development, Inc. They picked Pharmaceutical Product Development (ticker: PPDI) as December 2008’s “Stock to Study.” PPDI is a contract research organization, or CRO, hired by […]


A Quest to Invest

Date posted: November 25, 2013

Eighteen years after its founding, Sherman Oaks, Calif.-based Quest Investment Club has retained an astounding 70 percent of its initial members. This was my first indication that the club must be doing something right. The club assigns each member one or two stocks to follow and report on whenever there’s news. Stock Selection Guides must […]