You Already Missed Those Returns
On July 30, 2020, the government reported that the U.S. economy had shrunk at a 32.9% annual rate in the second quarter, the biggest drop on record. It was a frightening headline.
They Already Had My Social Security Number
Last year I was the target of a sophisticated scam in which callers claimed I didn’t show up for jury duty and told me to send them money. Come to find out, it’s a fairly common scam right now, and many people have been bamboozled by these intelligent scammers.
The Tax Mitigation Toolkit: Opportunity Zones 2.0
People who sell a business for eight figures are so rare that their friends and neighbors usually haven't done it either. When the biggest financial event of your life arrives, there may be no one at the dinner table who has been through it.
When Good Returns Start to Feel Normal
When you look at the strong market we have experienced since 2009, it’s hard to imagine a market like those we hear about in the past. It can seem like another lifetime.
Rising Rates: The Brakes Are Being Applied… Slowly
Interest rates have been going UP. As of September 15, 2026, the 10-year Treasury yield had climbed from around 4% at the start of the year to roughly 5% — mortgage rates had gone from 6% to 7% right along with it, and inflation had crept from 2.4% to 3.4%. Watching those numbers climb, I keep asking the same thing: how far can rates rise before something gives?
The Tallest Wall of Worry of My Career
There's an old saying on Wall Street that stocks “climb a wall of worry.” I've written about it here before — more than once — and in my 32nd year as an investment advisor I've watched markets climb some impressive walls: the Asian Financial Crisis, the dot-com bust, 9/11, the Great Recession, a global pandemic. But I'll be honest with you… the wall in front of us right now may be the best evidence of that old saying I've seen in my entire career.