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Sympathy for the Apple

Sympathy for the Apple

My colleagues cringe every time I update them on the price of an individual stock (no, not Apple) that I bought last year.  Why? Is it because they don’t like the company? No, I’m quite confident most of my colleagues like their product. Are they jealous that it’s performed well? Haters gonna ...
The Same Old New Normal

The Same Old New Normal

A few weeks ago, I read about some Republicans who were panicking at the idea of an Obama re-election and wondering if they should convert their investments to cash. The same week, a client asked me if he should get out of the market because he was concerned that a Mitt Romney presidency would ...
Own to Rent

Own to Rent

This just in: owning a home is so 1990. Wait, scratch that. Owning a home, paying off the mortgage, and then dying in that home, is so 1990. Want your financial plan to look more attractive? Start planning now to sell later. After recent meetings with two retired couples, it really hit me ...
Everything in its Rightful Place

Everything in its Rightful Place

Just when you thought it was safe to use a bank that didn't make you feel dirty, the US Justice Department asks Wells Fargo to cough up $175 million to make good on accusations that it overcharged and wrongly steered minorities on home loans. So much for Wells Fargo being the one bank to ...
Managing your Mad Money

Managing your Mad Money

By now, hopefully we’re all in agreement that a boring, globally diversified portfolio of low-cost institutional mutual funds is better than a sexy portfolio of individual stocks, and that your nest egg money should be manged by a trusted, independent fee-only advisor. This means that you’re ...
Schadenfreude and Facebook

Schadenfreude and Facebook

Schadenfreude is loosely defined as taking joy in another's pain. Pretty sick, right? The Buddhist in me can't possibly be guilty of such an act. But I'm human too, and every once in awhile an advisor gets to smile and say "I told you so." Right now, the thousands of advisors around the country