Post-Election Market Surprise
November 25, 2020  | By Kevin Smith

How did the stock market do after election day? Remarkably similar to four years ago. 2020 Post-Election Global Stock Index 2016 Post-Election Global Stock Index If you predicted Joe Biden would win a contested election with a (possibly) split Congress…Read More

10 Year Forecast (October 2020)
October 13, 2020  | By Kevin Smith

Predicting the future is out of the question, but developing reasonable expectations for planning purposes is necessary. Calculating expected returns on investments is a difficult task, but fairly simple models have been accurate enough to help with long term planning….Read More

Cracked screens and the sunk cost fallacy
September 11, 2020  | By Kevin Smith

I almost got tripped up by the sunk cost fallacy. Almost! This is a public service announcement to help others avoid a costly mistake. A sunk cost is the time and/or money already spent. It’s done. For example, you spent…Read More

What the heck is a 529 plan? Here you go…
August 28, 2020  | By Kevin Smith

What is a 529 plan? A 529 is a tax-advantaged education savings account that allows money to be saved and invested for a beneficiary, typically your child or grandchild. The earnings grow on a tax-deferred basis, and funds can be…Read More

Elections and the Stock Market
August 14, 2020  | By Kevin Smith

I did not predict anything about 2020, including that the Presidential campaign three months from election day would be so quiet. You can’t escape it if you are glued to cable news or Twitter, but by comparison to past elections,…Read More

Great companies at bad prices
July 22, 2020  | By Kevin Smith

Prices matter. In fact, we think prices matter a lot. There is a price low enough to make an unimpressive investment attractive. There is a price high enough to make an amazing investment unattractive. Today, investors in the US stock…Read More