Sep
12

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen your pencil for a few important lessons before heading back into the investing classroom to tackle the issue. THE CALCULUS OF PLANNING FOR FUTURE COLLEGE...
Jul
06

Many investors look to gross domestic product (GDP) as an indicator of future equity returns. According to the advance GDP estimate released by the Bureau of Economic Analysis (BEA) on April 28, annualized real US GDP growth was 0.5% in the first quarter of 2016—below the historical average of 3.2%.1 This might prompt some investors to ask whether below-...
Jun
24

Unless you are vacationing at some remote locale in which you are cutoff from TV or theinternet, you are well aware of what has commonly been called “Brexit;” short for Great Britain and the UK’s exit from the European Union (EU).  In a public referendum, British voters cast a majority vote to leave the European Union...
Jun
09

Be aware!  Fraudsters are calling pretending to be Customer Service Representatives of Charles Schwab and Fidelity Investments.  The odds are you’ll never receive one of these calls; however, because of the serious nature of these calls and the significant financial damage that could ensue, we want you to be informed.  When these...
Apr
20

The final ruling from the Department of Labor (DOL) on the long awaited regulations requiring advisors to act as "fiduciaries" was announced last week. The ruling basically elevates the responsibilities of financial professionals to put clients' interests first and to increase disclosures to better ensure investors are getting appropriate, unbiased, and...
Apr
18

Over recorded time, things have generally gotten better for most people, most of the time.  That applies across all of humanity and certainly to the vast majority of our clients.  Despite a phenomenal track record of things getting better, an increasing number of people seem pessimistic.  In a recent article in the New York Times, historian...
Jan
06

While many market participants were waiting for the “inevitable” rise in short-term interest rates expected when the Federal Reserve tightened its monetary policy, some investors may have missed the increase in short-term rates already underway as a result of market forces. Looking at the zero- to two-year segment of the yield curve—the segment that many...
Oct
08

Stock prices in markets around the world fluctuated dramatically for the week ended August 27. On Monday, August 24, the Dow Jones Industrial Average fell 1,089 points— a larger loss than the “Flash Crash” in May 2010—before rallying to close down 588. Prices fell further on Tuesday before recovering sharply on Wednesday, Thursday, and Friday. Although...
Jul
17

What is a financial advisor for? One view is that advisors have unique insights into market direction that give their clients an advantage. But of the many roles a professional advisor should play, soothsayer is not one of them. The truth is that no one knows what will happen next in investment markets. And if anyone really did have a working crystal ball,...
Nov
26

As media headlines continue to carry the news of data hacking incidents, Beaird Harris and Schwab want to remind clients of proactive steps to take related to online security. Change your Schwab.com login credentials routinely every six months. Add a password token to your Schwab account.  This additional security measure can help thwart...