On Friday, March 10, regulators took control of Silicon Valley Bank as a run on the bank unfolded. Two days later, regulators took control of a second lender, Signature Bank. With increasing anxiety, many investors are eyeing their portfolios for exposure to these and other regional banks. Rather than rummaging through your portfolio looking for …
April 2023 – Investment Principles To Weather The Storm Read More »
On Sunday, March 12 the Federal Deposit Insurance Corpora- tion (FDIC) announced it would ensure that all depositors at Silicon Valley Bank (ticker SVIB) would have access to their money the next day. This intervention marked the second largest bank failure in his- tory. A similar plan was rolled out for depositors of New York …
Mar. 2023 – Bank Safety, Your Deposits and Your Portfolio Read More »
After eight rate hikes from the Federal Reserve in the last year and declining inflation during the back half of 2022, many had hoped the worst of the price increases were behind us. Today’s release from the Bureau of Economic Analysis suggests that might not be the case. The personal consumption expenditures price index (PCEPI), …
The prior twelve months were difficult, even for disciplined investors. Capital markets delivered a formidable test of investors’ resolve. World news in 2023 will continue to provide surprises, good and bad. We remain confident that adherence to your plan and patience will be well rewarded. Once again, we suggest our readers re-commit to these timeless …
In this issue we turn again to the topic of price inflation. We examine in depth the recent performance of TIPS (page 92), to address the concerns of investors who may be disappointed by the negative returns these inflation protected bonds have generated, even while inflation has been very high. To understand this outcome, one …
News around the world has been bleak and global stock markets have fallen 20 percent. In short, the millions of buyers and sellers in capital markets have concluded that the world has become a riskier place in which to save and invest. Since 2019, the world has endured a debilitating epidemic and ensuing economic shutdown, …
The third quarter, like the second, brought a steady flow of negative news worldwide. Returns plummeted across all asset classes and across the globe. In the face of continued price inflation even cash failed to provide a refuge. Events will always vacillate between good and bad, including extraordinary shocks and unpredictable business cycles. In the …
Since inflation began its ascent in early 2021, gold, despite its reputation, has served poorly as a hedge against rising prices (see Chart 1). During the late 1970s the gold price surged along with double- digit annual inflation. But over the long-term data confirm that the gold price has been far too volatile to serve …
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – Friedrich Hayek On August 26, following a speech by Fed Chairman Powell, the S&P 500 plummeted by 3.4 percent. “We must keep at it” declared Mr. Powell, signaling that the Federal Reserve …
The Department of Labor (DOL) has instated new rules pertinent to investors who are considering a rollover of an IRA, 401(k) or other specified account to an account managed by a registered investment adviser (RIA) or broker-dealers (BDs). Rollovers have for decades served as a simple and flexible means of transferring assets held in employer-sponsored …
Jul. 2022 – Rollovers, Regulation, and the Household Investor Read More »
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