How to Respond to a Data Breach

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Advice from a recent SEC investor bulletin on cyber securityTime is of the essence, whether your personal data has been compromised as part of a larger targeted cyberattack, or you are the victim of an individual cybercrime. You’ll need to take immediate action to minimize the impacts. These are steps you should take within specified timeframes after discovering your data has been breached.

Within the first 24-48 hours

  1. Call your advisor, regardless of where or ...
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Structured CDs: Buyer Beware!

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structured-cd-pngMost investors are familiar with Certificates of Deposit (CDs). You purchase one, and the bank pays you a bit of interest on it, plus your principal back at the end of the term and they are FDIC insured. They don’t yield much, but they’re nearly as dependable as it gets. As such, CDs can often serve as sensible tools for offsetting the risk inherent to pursuing higher expected returns in the stock ...

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Election: 70 Days and Counting – Presidents, Politics and Your Portfolio

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election option Last week I visited Gettysburg and toured the battlefields which represent the turning point of the civil war and reaffirmed the principles of which the United States is built. Over 150 years later those fields still speak as loudly as they did when Abraham Lincoln memorably spoke about a “new birth of freedom” for America in the Gettysburg Address. While this year’s ...

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Parenting Your Wealth in Uncertain Times

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parenting

In the face of political drama at home and violence abroad, it’s certainly been a summer for trying our patience, hasn’t it? For anyone who has ever been a parent or a child – that is, for everyone – there are several comparisons we can draw between good parenting and good wealth management. For both, plenty of patience is one of the most important qualities to embrace.

Patience Is Your Greatest Strength

As an ...

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Brexit Fears and the Capital Markets

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brexit

As a kid in school we learned the “sun never sets on the British empire”; fast forward this coming week we await a Brexit vote for secession from the European Union (EU). The opinion polls show a slight edge to the British exit while the bookies favor continued membership. While no one knows how the vote will turn out one of our ...

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Survivorship Bias

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statistical liesAs the famous quote by Prime Minister Benjamin Disraeli states:  “There are three kinds of lies – lies, damned lies, and statistics”. In this installment of Financial TIPs we will focus on the third type of “lie”, statistics. One trick of the trade we must watch for when accepting or rejecting a performance analysis is survivorship bias; using statistics to mislead.

What ...

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Our Relationship with Investment Risk

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investment risk

 

Is investing riskier than usual these days? In our experience, probably not. It just feels that way because of the constant bombardment of information. If there is such a thing as “normal” in this world of ours, risk is certainly built into the definition.

In Morningstar’s Quarterly Economic Commentary, Francisco Torralba, Ph.D., CFA described the [f]inancial markets as having lived in a heightened ...

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Fixed Income Investing: Avoid Chasing Yield

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yield curve

In a recent Financial TIP series, “Investing for Retirement Income,” we covered the reasons why we do not recommend fully shifting into high-yield (“junk”) bonds or dividend-yielding stocks when higher-quality bonds aren’t delivering as hoped for. Rather than stretching for extra yield with stand-alone solutions, we typically suggest taking a total-return approach, seeking an appropriate risk/reward balance among all sources for earning and preserving ...

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DOL Fiduciary Ruling

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Fiduciary RuleWhen a hard-won historic milestone is achieved, it’s usually front-page news: Apollo 11’s “one giant leap for mankind.” The fall of the Berlin Wall. Martin Luther King’s “I have a dream.” … Last week’s fiduciary ruling by the Department of Labor (DOL).

About that last one. If you heard the news, you probably spotted it in the business section or on a financial newsfeed. Not quite a watershed day in the history ...

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Investing for Retirement Income: Part III: Total-Return Investing

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pie-chart

 

As we’ve discussed in the first two parts of this three-part series, we do not recommend turning solely to dividend-yielding stocks or high-yield (“junk”) bonds to support your retirement income, even in low-yield environments. So what do we recommend? Today we’ll answer that question by describing total-return investing.

PART III: TOTAL-RETURN INVESTING FOR SOLID CONSTRUCTION

If you think it through, there are three essential variables that ...

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