Viewpoint


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% […]


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 […]


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 […]


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 […]


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 […]


What to Do After the Equifax Breach

As was widely reported in mid-September, a data breach at Equifax this summer resulted in the theft of four vital pieces of credit information on more than half of all U.S. adults. Those four vital pieces are name, address, Social Security number, and date of birth. In some cases, the […]


Focus Bias and Survey Bias

“Nothing in life is as important as you think it is, while you are thinking about it.” Daniel Kahneman Thinking, Fast and Slow That may be my favorite quotation.  Those words pop into my head all the time, both at home and at work.  At home, that quote reminds me […]


What is Your Real Investment Return?

Recently I spent some time with a prospect who had worked with a money manager over a number of years.  I asked her what I thought was a simple question:  What is your average annual return?  She thought the manager had performed well because her portfolio had grown nicely over […]


Introducing James Skubik

We are pleased to introduce our newest investment professional, James Skubik.  James has served as an equity analyst for two local investment firms.  He has also worked with JPMorgan Chase in the structuring of asset-backed securities.  We hired James out of 400 resumes received because of his deep analytical abilities, […]