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January 16, 2020
2010-11: Aftershocks of the Great Recession The best way to see how much can change in a decade is to remember how things were at the end of the last one. In 2010, we were coming off the worst decade for stocks since the 1930s. The Great Recession had devastated the retirement savings of millions of people. Many of the world’s most famous financial institutions had collapsed. And the national unemployment rate was near 10%.1 It was a scary and uncertain time. Many investors had fled the markets entirely by 2010, some for good. As a result, they missed a […]
August 9, 2016
When was the last time you set out to create a financial plan or heaven forbid, a comprehensive wealth management plan focused on your retirement? How many pages were created to help you to better analyze your picture of retirement? 75, 100, even 200 pages. I don’t know about you, but that many pages doesn’t get many people excited about retirement planning! In fact, if you are like most people, 93%1 don’t have a written financial plan anyway! Usually because of one of two reasons, everything changes, so why plan in so much detail; or the task seems too daunting, […]
July 6, 2016
The Big Picture of Diversification: A Lesson on the Golf Course A few years ago, I was out playing golf with some friends. We had decided to play the Overland Park West course that winds through the upscale Nottingham by the Green neighborhood. On this particular afternoon the weather was quite wonderful; 75°, slightly overcast, very light breeze, with mild humidity. We began by taking our tee shots on the first hole. As with any tee shot, you must always think about your second shot. You must be mindful of trees, traps, hazards, and in the case of this course, […]