Why I Hate Most Target Date Funds and Other Short Stories

Target date mutual funds provide a one-stop shop for retirement portfolios. The target date is the approximate date when investors plan to start withdrawing their money and you get an asset allocation that is geared to a specific retirement year. It then gradually...

Dear Retirees – Hang Loose Don’t Hang Ten

Dear Retirees, I wanted to start by congratulating you on getting to this point. You’ve worked hard for a number of years and have had the discipline to consistently save and accumulate the nest egg you have today. No more having to wake up at 4-5 AM in the morning to...

If (You’re Sure) It Ain’t Broke Don’t Fix It

“If it ain’t broke don’t fix it” is one of my favorite proverbs. However, with all due respect to the great Bert Lance who coined the phrase, I’d like to make a modification that especially rings true in the investment world. Do we determine whether something is broke...

Dare To Be Different

While I am a fairly conservative financial advisor, I like to step out sometimes. My interests include dancing, traveling to third world countries and consuming ethnic foods (particularly Indian and Ethiopian cuisine). I’ve even been convinced to eat a chocolate...

In the Long Term, the Absolute Trumps the Relative

Most of us remember the dot com bubble. We would buy a technology stock trading at 60 times its earnings estimates and think this was a tremendous deal as compared to other technology stocks trading at over 100 times or even 1,000 times their earnings. When the bubble...

May The Odds Be Ever In Your Favor

I recently watched all of the movies in the Hunger Games series (admittedly becoming a bit jaded after the second installment). President Snow was the elegant and soft-spoken leader of Panem, a fictional country overrun by poverty. He was reviled by his subjects...