Commitment | May 22, 2021

Commitment In a bacon and egg sandwich, the difference between the chicken and the pig is that the chicken was involved, but the pig was committed. Successful long-term investing requires commitment, not involvement. Market corrections, both minor and serious, occur with regularity. Following time-tested investment principles allows reason to rule over emotion. During difficult weeks […]
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Back to the Future | May 15, 2021

Back to the Future Inflation is an enemy we have not seen for a long time. Housing inflation can be particularly harmful because housing is about 17% of GDP. Building costs are rising rapidly. Existing home prices are rising rapidly. Unless incomes rise rapidly too, we are headed for a fall. Last week we discussed […]
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The Great Inflation Debate | May 8, 2021

The Great Inflation Debate The Fed (and others) believe that the current inflationary trend is transitory. Others believe that this is the beginning of a great inflationary surge. There are valid reasons for BOTH positions. Inflation is the great unseen tax on your savings. It degrading the purchasing power of your dollars. Parts of our […]
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Are Soaring Growth Estimates Already Priced In? | April 10, 2021

Are Soaring Growth Estimates Already Priced In? GDP Growth is expected to soar based on vaccination progress, consumer recovery and an easy comparison with last year. With a fresh run of stimulus checks delivered, or about to be delivered, and pandemic fatigue rampant, it isn’t hard to imagine at least a mini-boom over the next […]
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Can the Infrastructure Lure finally Catch Some Funding? | March 20, 2021

Can the Infrastructure Lure finally Catch Some Funding? Infrastructure should be an easy bipartisan issue. How we pay for it is a big sticking point. Getting a bill passed will not be easy. There are few issues that have been discussed as consistently as infrastructure, but with no meaningful result. Most recently, infrastructure was a […]
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Retirement Isn’t a Four-Letter Word | March 13, 2021

Retirement Isn’t a Four-Letter Word Each year J.P. Morgan releases an educational booklet on retirement and because we focus so heavily on retirement for clients, we have made it a practice of taking a few topics from it for our clients. Longevity: The first topic we want to address is longevity. We have always been […]
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