Please note all below figures are unadjusted for inflation. Since 1950 the average maximum intra-year low for the S&P 500 has been 13.5%. This means that if you had bought the S&P 500 on January 1st of any given year the S&P 500 would on average be down by 13.5% at some point during the [...]
Fantastic Josh Brown blog post. Read. Enjoy. Learn.
Who likes a visit to the doctor’s office? Exactly. In a recent survey conducted by The Harris Poll Americans likened financial planning to a medical exam. Adults aged 18+ were asked how they feel about financial planning. The #1 answer was “not my favorite thing in the world but know it needs to get done [...]
Monday marked the 24th time since the March 2009 low that the S&P 500 corrected by 5% or more. Each time many people proverbially lost their collective minds. The lack of perspective is amazing. Since the 2009 low of 666 on the S&P we’ve experienced a 400%+ recovery. A 5% pullback is enough to [...]
It’s a wonderfully perfect inverse relationship. The world is getting better yet we feel it’s getting worse. Need proof? The world is getting better: We think it’s getting worse: Young people are even better at thinking things are getting worse: What’s the deal? In the past societies have made [...]
Live in a high-tax blue state? Annoyed by the SALT deduction cap of $10,000? Quit whining. You were one of the biggest winners of the Trump tax cuts. An early analysis of data shows taxpayers in high-tax states (e.g. California, New York) were some of the biggest beneficiaries. The majority of taxpayers received a tax [...]
Excellent work by the folks at Pension Partners. Everything you wanted to know – and then some! Spend some time with the data. Quite eye opening.
The optimist expects good outcomes. He’s often disappointed. The pessimist expects the worst. He’s pegged as a doom and gloomer. The realist doesn’t have expectations. He keeps on open mind. Who’s right? No one. But who’s happiest? The realist. Why? Let’s have a look. We like to plan for the future. We like order – [...]
Couple of problems with being human. Well, OK, more than a couple but we'll limit to two for the sake of discussion. Anyway... We assign way way way too much value to the most immediate events. It's called recency bias. The S&P 500 went from a low of 666 in March 2009 to over 2,900 [...]
A bit more than ten years ago Lehman Brothers which at the time was the 4th largest investment bank in the U.S. filed for bankruptcy protection. The event has become the symbolic start of what’s been called the Global Financial Crisis (“GFC”). Today we continue to see its effects on both the global economy and [...]