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Keep up with what’s trending in and defining the financial world.


investing in an uncertain world                                           

Confusion in Washington, rising tensions in the Middle East, an uncertain global economy - when the world at times seems to be coming apart, how should you go about investing your money? Unfortunately, reading the morning papers and watching CNBC is not particularly helpful in making profitable long-term investment decisions.    More

Step 1: Thinking That Works         

The first step in building a successful portfolio is to start with an investment philosophy that is consistent at its core and matches your individual characteristics.  Many investors have no investment philosophy, and at the same can be said for some professional investment advisers.  More

Step 2: The Enduring Importance of Asset Allocation

Our first report discussed the importance of developing an investment philosophy.  The next step is the allocation in your portfolio between stocks, bonds, and other assets.  How do you balance risk and return in a way that gives you a reasonable chance of achieving your goals and that still allows you to sleep well at night?  More

Step 3: To Live Well, Diversify Well

At this point, you have a reasonably informed asset allocation strategy with your portfolio divided between equities (stocks), fixed income (bonds), cash reserves, and real assets depending on your financial objectives and tolerance risk.  You are an investor and not a speculator, focusing on a risk managed long-term approach to growing your wealth.  More

Step 4: Building a Global Core-Satellite Portfolio

This final report in our series discusses a systematic approach for putting the various investment elements together to build a global risk-balanced portfolio.  Our focus is on the core-satellite approach to portfolio construction, a method used to combine a relatively stable core portfolio with a more actively managed satellite component.  More

Capital Market Projections

Expected returns for the capital markets are important imputs for both portfolio construction and the planning process. Our goal is to make sensible, well-reasoned assumptions about future returns that can be adapted to changes in the financial markets and allow for meaningful planning.  More