Bear Markets

Bear Markets When you compare your 401k balance to three weeks ago it hurts. I know. The record long bull market ended on March 11, and we officially entered bear market territory. A bear market is defined as a 20% decline from peak stock prices. After 11 years of...

Bitcoin, Buffet, and Bubbles

What We Know Bitcoin – Selling off 20% today after a meteoric rise.  But what is it? Some new store of value? New mode of transacting? How is it priced? I don’t know it well enough to explain it. And I don’t care. It hasn’t been around long enough to tell if it’s a...

Active vs. Indexing: Facts and Fiction

Active vs. Passive (Index): Separating Fact from Fiction The odds of trying to beat the market with actively managed mutual funds is a losing game that will cost you money. Academics, practitioners, and the mutual fund rating services have long studied how active...

Inflation, Deflation, and Your Assets

Current market speculation is that the Federal Reserve will raise rates to keep the inflation genie in the bottle.  Or not. Deflationary forces such as a strong dollar, weak commodity prices, and stagnant wage growth are prevalent. Economists are divided: are...