Ready, Set, Spend!

‘Tis the season for giving – your credit card number to pay for your holiday gift purchases.  The average American will spend just over $1,000 this year on gift giving, up 20% from 2012.  With Thanksgiving falling on the latest possible day in November, compressing the holiday shopping season, the barrage of emails and commercials touting “the best prices this year” have been coming for quite some time.  It can be difficult to get into the holiday spirit when the competition for the lowest price at the earliest possible time supersedes the meaning of the… [read more]
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Grading the WSJ Retirement Quiz

Recently, the Wall Street Journal released their most recent iteration of their retirement readiness quiz, something they’ve done sporadically over the last decade.  Anyone who has read this blog in the past knows we’re passionate about personal financial education.  In fact, just last week we hosted our latest Education Series for Pre-retirees.  We look forward to continuing to offer these sessions to young adults, career builders, pre-retirees and retirees into 2014. Coming off that experience, I couldn’t help but play teacher and get out my red pen as I read through the quiz.  Let’s look… [read more]
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The Cure for Market Amnesia

Great stock market returns can be just as dangerous for investors as a stock market crash. Stocks have posted excellent returns for 2013. The DFA US Micro Cap Portfolio, a fund we use for our clients’ allocation to small, US companies, is up 35.7% for the year-to-date, while large US company funds have posted returns between 26% and 33%. Even the international stock funds we use in our client portfolios are up 18% to 27%. October was also the busiest month for U.S.-listed initial public offerings since 2007. Last week Twitter posted a 73% gain… [read more]
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And the Award Goes To. . .

Three weeks ago, The Royal Swedish Academy of Sciences awarded the 2013 Nobel Prize for Economics to three U.S. economists, one being Eugene Fama. Dr. Fama, a professor at the University of Chicago and often referred to as “the father of modern finance,” is credited with demonstrating the notion that markets are efficient. Professor Fama’s work led to the creation of the first index mutual funds and led two of his prize students, David Booth and Rex Sinquefield to start Dimensional Fund Advisors. It is this Nobel worthy research that drives our investment philosophy… [read more]
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