The First Casualty of a Bear Market

Nick Murray says “The ability to distinguish between volatility and loss is the first casualty of a bear market.” I turned to one of my favorite passages of his masterpiece Simple Wealth, Inevitable Wealth this morning as turmoil from overseas and the commodity markets made its way through the headlines. Nick relays a great anecdote…

An Investing Frankenstein

Patrick O’Shaughnessy attempts to combine all the key attributes in order to create a “Perfect Investor” in a new post at his site, Millennial Invest. I’ll go the other way around and build the absolute worst investor, taking the worst qualities that we can possess to create an absolute Frankenstein monster… 1. Obsesses over each day’s activity…

Off to San Diego

Posting will be light through the end of this week as I’m off to San Diego to attend the TD Ameritrade National LINC Advisor Conference for the first time. I’ll be speaking on two panels and hoping to learn from the dozens of other speakers throughout the two-day event. I’m told there will be over…

Looks like we got ourselves a ballgame

On October 15th, I officially declared the Relentless Bid era over (see There She Goes, My Beautiful World). It wasn’t a bold call, markets had been acting differently since at least last August. Selloffs were occurring with more frequency and less stocks were rising as we made subsequent new highs. The days of “just buy…

‘Fantastic Four’ Trailer Hits!

Better luck this time, the last go-round with this franchise was unwatchable. Fox owns the rights still, just as they do for the X-Men movies. Their deal with Marvel predates its acquisition by Disney. The movie comes in August, which is a strange time to release a summer tentpole film, but perhaps they’re taking advantage…

The Riskalayze Report: Advisors sell EM, buy Chevron

My friends at Riskalyze share the stocks and funds that advisors all over the country have used in their clients’ accounts each week*. This data has been aggregated from across the client accounts of the thousands of advisors who use the software. Most of it comes directly through the third-party custodians where advisors’ assets are held. I hope we…