I hope you enjoyed the previous post and it gave a glimpse into the structured thinking which goes into your personalized financial advice. In total return terms (this means including dividends) this is the first down quarter since Q3 of 2015, and only the 5th down quarter in the last 9 years. That doesn’t mean anything other than we’ve had it really easy during this bull market, and that “this too shall pass”. Hope you enjoy reading (and listening) as much as I did.
– Adam
Hitting the Links
The Big Picture – The moral here is to have a plan. If you can’t answer the question of what we are going to do if the market falls another 5%, 10%, 20% from here, you need to call us to get on the same page, and make sure you’re comfortable.
Dividend Aristocrats Have Less Volatility and Greater Return
Investment Management vs. Financial Advice (and which one you’re really paying for)
Podcast with Josh Brown – Josh Brown, The Reformation – if you’re into podcasts, this is one is worth an hour of your time. Josh and the team at Ritholz Wealth Management are one of the main reasons that I started the blog, and in future posts, you’ll most likely be reading a lot of the research put out by his team (most notably Michael Batnick and Ben Carlson). Josh started on Twitter before Finance Twitter became popular and he’s as close to a thought leader as the Millennials will tolerate (Josh just turned 40, so he’s a wannabe millennial anyway).
“I’ve been in this business for 67 years now, and I’ve been well served by my unwillingness to say anything about short-term market behavior with confidence.” John Bogle, Founder, Vanguard Group.
“Traders, when they make profits, have short communications; when they lose they drown you in details, theories, and charts.” – Taleb, author of The Black Swan.