Author: Bethanny Rawson

We previously provided our thoughts on Bitcoin in 2017, but we’ve felt compelled to expand on those perspectives given the cryptocurrency’s recent buzz and eye-popping price appreciation. We don’t have a horse in this race and aren’t incentivized to hold Bitcoin any more or less than we are to hold other investments/asset classes for our clients, but the…

Two weeks ago, we emailed our clients to address the story of GameStop. Figuring that others might appreciate our viewpoint, below is the entirety of that email. To our clients, With GameStop dominating the headlines this week, we wanted to quickly address the topic and discuss what, if anything, you should be doing about it. For…

Last week, we emailed our clients to address anxiety over the upcoming election and its potential impact on their portfolios. Figuring that others might appreciate our viewpoint, below is the entirety of that email. To our clients, With the presidential election a little over a month away, we know that anxiety may be running high. The…

Earlier this week, we emailed our clients to review the lessons learned from the unprecedented market volatility of the past few months. Figuring that others might appreciate our viewpoint, below is the entirety of that email. To our clients, The past few months have been among the most volatile in the history of the stock market.…

Tax loss harvesting (TLH) refers to selling investments that are worth less than their original purchase price in order to realize (or “harvest”) the capital loss.  The realized losses can be used to offset certain income, resulting in a lower tax bill. This strategy can be especially valuable for high-earners in the highest federal and state…

Each of our clients has a specific allocation target for every asset class and category in which we invest. An example might be the following: Asset Class Target Allocation U.S. Equities 38.0 % International Equities 28.0 % Global REITs (Real Estate) 4.0 %       Total Category: Growth Assets 70.0 % Nominal Bonds 26.0 % Inflation-Protected Bonds 4.0…

In most situations, we discourage clients from Dollar-Cost Averaging (DCA; also referred to as “averaging in”) lump sums of excess cash that are available for long-term investing. To first define the term, DCA refers to dividing up the total amount to be invested across periodic purchases that are usually the same dollar size. This technique…

As the market continued to swing wildly — mostly downward — at levels not seen since the financial crisis, we sent updated thoughts to clients on March 12th. Below is the entirety of that email. To our clients, With the headlines genuinely frightening and global markets in freefall, we wanted to reach out again, even if…

There have only been a handful of truly monumental “discoveries” in the history of investment theory. The three-factor model, developed in 1992 by Nobel Laureate Eugene Fama (University of Chicago) and Professor Kenneth French (Tuck School of Business, Dartmouth College), is on that short list. Prior to the three-factor model, accepted wisdom was that any…

Earlier this week, we emailed our clients to discuss the recent stock market decline. Figuring that others might appreciate our viewpoint, below is the entirety of that email. Esteemed clients, In August we authored a post about how you will (probably) feel when the market (eventually) crashes. The piece discussed some of the emotions we inevitably experience during…