Buyer Beware

Yellow flags abound when making even a cursory review of annuities: Anything that uses two sets of books is immediately suspect. Would you invest in something that calls the return a “roll-up rate” instead of an interest rate? Would you invest in something that has a 12% surrender charge as […]

November Investment Comments

After recovering from the Brexit announcement, the S&P 500 spent much of the third quarter in a tight trading range.  However, recently the market started trending down, likely due to slightly rising interest rates brought about by Central Bank activities. After spending much of the past few years pursuing monetary […]

Politics and Investing

I can’t remember an election cycle that has been so drawn out.  After the mid-term elections in 2014, the media immediately pivoted to the 2016 presidential election and hasn’t let up.  I think the constant attention has worn on people and exacerbated the elevated concern that always comes when two […]

Sideshow Alley Stocks

For this month’s Viewpoint, we wander over to the stock market’s dark and sometimes seedy underbelly for a glimpse at nine companies almost too weird to exist, a Ripley’s Believe It or Not of investment opportunities. Think of the market as a carnival of capitalism.  It has a central midway […]


“You cannot overestimate the unimportance of practically everything.” — John Maxwell “Drinking coffee at night disrupts sleep says study.” “Mishka the sea otter learns to use an inhaler.” “Sell everything ahead of stock market crash, says RBS economist.” “Brexit may be a Lehman moment.” “Goldman Sachs says oil to plunge […]

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August Investment Comments

The current economic expansion in the U.S. is now 73 months old, the fifth longest on record.  While recent data continues to support expansion, the risks of stagnation or contraction in the rest of the world’s economies are impacting the U.S. in ways that no one predicted. The most obvious […]

August Investment Comments

It may not feel like it, but financial markets have actually been pretty quiet lately.  The S&P 500 just posted a flat month.  Its six-month performance is also flat.  The U.S. dollar has been stable lately at the low end of a range it entered at the start of early […]