Market Forecasts, Mega Stocks, and the Year Ahead
January 25, 2025  | By Kevin Smith, CFA

The image below reflects what I imagine the world’s greatest stock market forecaster envisions when she closes her eyes. All of the millions of variables perfectly connected into a beautiful coherent understanding of how it all works: Imagine a formula…Read More

Bitcoin!
December 20, 2024  | By Kevin Smith, CFA

A lot has changed with Bitcoin since our 2021 blog post, so it’s time for an update. Bitcoin has achieved staying power. With a total market value of about $2 trillion, it probably isn’t going away unless its cryptography is broken…Read More

The Post-Election Markets
November 23, 2024  | By Kevin Smith, CFA

The elections are over. Some of you are distraught and some are elated – we know because we have both types of conversations every day. It was stressful for everyone because of the uncertainty, but the sun rises again and…Read More

Dealing With The Dips
September 1, 2024  | By Kevin Smith, CFA

Employees get paid for doing work. Investors get paid for taking risk. Risk is the chance of losing value between the time of purchase and sale. We experience risk when the value of an asset falls while we own it….Read More

Using Dollar-Cost Averaging to Reduce Risk
May 15, 2024  | By Kevin Smith, CFA

Investing a large sum of money can be daunting, especially with the uncertainty of market fluctuations. Enter dollar-cost averaging (DCA), a strategy designed to help investors manage risk by spreading their investments over time. By consistently investing a fixed amount,…Read More

How are the prices of stocks and bonds determined?
March 1, 2012  | By Kevin Smith, CFA

This is an extremely important question that requires a fundamental understanding of the relationships between companies and their investors and of risk and return. If you get a handle on these concepts, you will have a better idea for how…Read More